Property score
59.3
Fair
Overall 59.3 · Older than most nearby homes
1,082 sqft (top 46%) · Built in 1964 (1 yr newer than avg)
Located in a above-average income area with median household income of ~73k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 1 school, 2 shops, 6 parks, and 1 bank/ATM nearby
Living Area
Near average
3% larger than neighborhood avg.
Year Built
Below average
1 yrs newer than neighborhood avg.
Mother tongue
English · 66%Tagalog · 18%
Past 10 years Margaret Park sales snapshot (~80% of all data)
234
400k
$328/sqft
1963
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59.3 is composed by the two sections below.
Property Score
Community Score
Margaret Park
How to read: Share of sales in each ~$50k price band for “margaret park” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110015
$73K
Median household income
$77K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
31%
Single-person households
23%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
338 Newton Avenue — 11 amenities found within 500 m, across 5 categories, including 1 education (nearest 299 m), 2 shopping (nearest 372 m), 6 parks (nearest 40 m).
Margaret Park · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -89%
vs. prior year
Primary type
Property
63%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 6% | Top 2% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 338 Newton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1964-built home in Margaret Park presents a compelling opportunity centered on its land. The standout feature is the 6,201 sqft lot, which ranks in the top 4% for size on Newton Avenue, offering substantial outdoor space uncommon for the area. With 1,082 sqft of living space, the house itself is functionally sized and sits on a street where its assessed value is notably above average (top 11%), suggesting it is a well-regarded property in its immediate context.
The primary appeal lies in the balance between a solid, established home and the significant potential of its generous lot. It suits buyers looking for a foothold in a stable neighbourhood who value space for gardens, recreation, or future expansion over a brand-new build. It’s particularly suited to those who see value in a property that already stands out on its street for its lot size and perceived value, offering a foundation to customize both the home and the landscape.
Section 2: Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for an estimated $400k-$450k in 2022, which is significantly higher than its current assessed value of $35.5k. It’s important to understand that in Manitoba, assessed value for tax purposes is not an indicator of market value. The prior sale price is a much more relevant gauge of its actual market worth.
2. What does the "above average" assessed value for the street actually mean?
While the assessed value is not a market price, ranking in the top 11% on its street indicates that, for property tax purposes, this home is considered more valuable than most of its immediate neighbours. This often reflects factors like lot size, condition, or improvements relative to nearby homes.
3. The lot size is elite for the street, but how does the house size compare?
The living area (1,082 sqft) is around the average for Newton Avenue. This highlights a key characteristic: you are purchasing a home with a very large lot but with a house of standard size for the area. The value proposition is heavily weighted toward the land.
4. Is the 1964 build date a concern?
The year built is around average for the street, city, and neighbourhood. While not a new home, its age is typical for the area. A pre-purchase inspection would be essential to understand the condition of major systems like roof, wiring, and plumbing common to homes of this era.
5. What is the neighbourhood context of Margaret Park?
The provided data shows that for key metrics like lot size and assessed value, this property performs better within its immediate street and Margaret Park neighbourhood than it does in the wider city comparison. This suggests it is a strong property within a localized context, making understanding the specific streets and amenities of Margaret Park particularly important.
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