Property Overview: 330 Southall Drive, Margaret Park, Winnipeg

Key Characteristics & Appeal

This 1,244 sqft bungalow, built in 1966 on a 5,494 sqft lot, presents a solid, no-fuss opportunity in Winnipeg's Margaret Park neighbourhood. Its primary appeal lies in its space efficiency and established location. The living area is notably above average for both the immediate street and the local area, offering more interior room than many comparable homes. This suggests a well-utilized floor plan that maximizes its footprint.

The property’s assessed value tells an interesting story: while it ranks lower on its own street, it sits comfortably around the average for the broader Margaret Park area and citywide. This positioning could indicate a value proposition for a buyer who sees potential beyond the current assessment, perhaps through updates or simple maintenance. The lot size is consistent with area norms, providing typical suburban outdoor space without being oversized.

This home would suit a practical buyer—perhaps a first-time homeowner, a downsizer, or an investor—who values functional space over flash. It’s for someone comfortable with a home from the 1960s that may need modernizing, but who appreciates the stability of an established neighbourhood. The buyer likely sees the value in the above-average living area and is motivated more by long-term livability and equity building than by immediate luxury.

Frequently Asked Questions

1. Why is the assessed value ranking so low on Southall Drive itself?
While it ranks lower compared to its immediate neighbours on the street, its assessment is aligned with averages for the larger Margaret Park area. This can sometimes occur due to specific renovations or additions on neighbouring homes that have increased their valuations, or minor differences in lot characteristics. It’s advisable to review the specific features of nearby sold properties for context.

2. What does the "above average" living area ranking practically mean for me?
It means that for Margaret Park and Southall Drive, you are getting more interior square footage than most comparable homes. This is a tangible advantage, often translating to larger rooms, better storage, or a more flexible layout than other homes in a similar price bracket in this locale.

3. How can I find out the exact historical sold price?
The exact sold prices are not publicly displayed in detail. The listing service provides a range (e.g., CA$250k–300k for a 2016 sale). You can request the precise historical sale figures by emailing them directly through the provided button on the listing page. They provide this data manually without using your email for marketing.

4. The home was built in 1966. What should I be mindful of?
As with any home of this age, key systems like roofing, plumbing, electrical, and insulation may be at or beyond their typical service life. A thorough inspection is crucial to understand the condition and budget for any necessary updates, such as window replacements or HVAC servicing, which are common for this vintage.

5. How does this property fit within the broader Winnipeg market?
Citywide, this home is firmly in the average range for its assessed value, living area, and lot size. It represents a very typical Winnipeg offering—a modest, mid-century bungalow in a mature neighbourhood. Its value proposition is more rooted in its specific community (Margaret Park) and its above-average space within that community, rather than standing out in the city as a whole.