398 Armstrong Avenue

Margaret Park, Winnipeg

Property score

61.4

Fair

Overall 61.4 · Compared with neighbourhood average

1,040 sqft (bottom 47%) · Built in 1966 (3 yrs newer than avg)

Located in a above-average income area with median household income of ~72.5k

Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 school, 2 shops, 8 parks, and 1 bank/ATM nearby

Living Area

Near average

1% smaller than neighborhood avg.

Year Built

Near average

3 yrs newer than neighborhood avg.

Mother tongue

English · 63%Tagalog · 15%

Past 10 years Margaret Park sales snapshot (~80% of all data)

Sold Count

234

Median price

400k

$/sqft

$328/sqft

Avg build year

1963

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Property score

61.4 is composed by the two sections below.

Property Score

52.0Fair
Living Area1,040 sqft52Fair
Year Built196652Fair
Lot Size4,671 sqft60Fair
Neighbourhood Sales Activity28Low

Community Score

75.6Good
Household Income74Good
Education Level82Excellent
Housing Stress74Good
Core Housing Need88Excellent
Employment Health60Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110766

Community deep dive

$73K

Median household income

$93K

Average household income

8%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

32%

Single-person households

24%

Families with children

Population, labour & age

Population (2021)621
Labour force participation rate58%
Median age42.8
Avg household size2.4
Unemployment rate6%
Population density3105 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households32%
Couple families with children24%
Median household income (2020)$73K

Housing

Renter households33%
Condominium dwellings0%
Median dwelling value (owners)$320K

Diversity, education & language

Immigrants (share of pop.)33%
Visible minority41%
Bachelor's or higher (25–64)40%
Mother tongue (1st)English · 62%
Mother tongue (2nd)Tagalog · 14%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,040 sqft
0255075100
Same streetBottom 42%Same areaBottom 47%CitywideBottom 32%
Same street · Armstrong Avenue
#65 / 112
Bottom 42% · Avg 1,131 sqft
Same area · Margaret Park
#358 / 676
Bottom 47% · Avg 1,047 sqft
Citywide · Winnipeg
#132,478 / 194,458
Bottom 32% · Avg 1,342 sqft

Tax-Assessed Value

around average
306k
0255075100
Same streetBottom 40%Same areaBottom 41%CitywideBottom 31%
Same street · Armstrong Avenue
#67 / 112
Bottom 40% · Avg 313k
Same area · Margaret Park
#402 / 676
Bottom 41% · Avg 304.6k
Citywide · Winnipeg
#134,217 / 194,458
Bottom 31% · Avg 390.1k

Year Built

around average
1966
0255075100
Same streetTop 42%Same areaTop 46%CitywideBottom 48%

Lot Size

around average
4,671 sqft
0255075100
Same streetBottom 37%Same areaBottom 30%CitywideBottom 37%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

398 Armstrong Avenue — 14 amenities found within 500 m, across 6 categories, including 1 education (nearest 191 m), 2 shopping (nearest 287 m), 8 parks (nearest 98 m).

Search radius
🏫Education1
🛒Shopping2
🌳Parks8
🏦Finance1
Worship1
🏛️Government1

Crime & Safety

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%

Sales History

Sold 3/2021CA$300k–350k
Sold price

Same street

Top 45%

Same area

Top 36%

City-wide

Bottom 41%

Related homes

Highlights & common questions: 398 Armstrong Avenue, Winnipeg

Property Overview: 398 Armstrong Avenue, Winnipeg

Key Characteristics & Appeal

This home at 398 Armstrong Avenue in Margaret Park presents a solid, middle-of-the-road offering in Winnipeg’s market. Built in 1966, it sits on a generous 4,671 sqft lot, providing ample outdoor space that is notably larger than many city-wide comparables. The 1,040 sqft living area is comfortably average for both the immediate street and the broader neighbourhood, suggesting a practical layout without extreme size compromises.

The primary appeal lies in its balance and stability. The property doesn’t rank at the very top or bottom in any major category—from assessed value to living area—which indicates a home that aligns closely with local norms. This makes it a predictable and lower-risk option in its area. It would suit first-time buyers or practical downsizers looking for a manageable home in an established neighbourhood without the premium price or maintenance surprises of a newer or highly renovated property. The sizable lot is a key asset, offering potential for gardening, expansion, or simply more private outdoor space than typically found for the price.

Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The assessed value of $30,600 is very close to the average for Armstrong Avenue and Margaret Park. This suggests it is priced consistently within its immediate market, neither a standout bargain nor overvalued compared to direct neighbours.

2. What does the sold price history indicate?
It last sold between $300,000 and $350,000 in 2021. This price range was above the neighbourhood average at that time but below the city-wide average, reflecting its position as a competitively priced home within a specific, established area.

3. Is the lot size a significant feature?
Yes. At 4,671 sqft, the lot is larger than over 60% of properties both on its street and across Winnipeg. This is one of the home’s strongest tangible assets, offering more outdoor space than many modern lots.

4. What should I know about the home’s age and condition?
Built in 1966, the home is older than many on its street. Buyers should factor in the potential for updates to major aging components like roofing, windows, or mechanical systems, which is typical for homes of this vintage.

5. How can I get the exact historical sold price?
The exact sold price is not publicly listed. You can request it directly via the provided email form. The service is manual, with a promise of a reply by the end of the same day and no unsolicited marketing use of your contact information.

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