Property Overview & Key Characteristics

This home at 382 Southall Drive in Winnipeg's Margaret Park neighbourhood presents a practical, no-frills opportunity. Built in 1965, it sits on a standard-sized lot with a living area just over 1,000 sqft, placing it squarely in the average range for the immediate street, neighbourhood, and city. Its standout characteristic is its assessed value, which is notably below average for Southall Drive itself, potentially indicating a value proposition or a home in need of updates compared to its direct neighbours.

The appeal lies in its straightforward, grounded profile. It’s a typical post-war home in an established area, likely suited for a first-time buyer, an investor, or someone seeking a lower entry point into a stable neighbourhood. The data suggests it’s not a standout in size or modern features, but rather a solid baseline property. It would suit a buyer comfortable with a home of this vintage, possibly looking for a liveable project or a simple footprint to customize over time. A less obvious perspective is that its "below-average" metrics on its own street could represent a chance to add value in a context where immediate comparables are already stronger, rather than simply reflecting a deficiency.

Frequently Asked Questions

1. What does it mean that the assessed value is "below average" for the street?
This typically means the city's assessment of the property's value is lower than most of its direct neighbours. This can be due to a variety of factors, including the home's condition, specific features, or updates relative to others on the block. It often results in a slightly lower property tax bill.

2. Is a 1965-built home a concern?
Homes from this era are common in Winnipeg and are often structurally sound. The key considerations will be the maintenance and updating of major systems (like plumbing, electrical, and roofing) and the home's insulation and energy efficiency, which may not meet modern standards without upgrades.

3. How does the living space compare to a typical home?
At 1,091 sqft, it is slightly smaller than the average home on its street and in Margaret Park, but is actually slightly larger than the average Winnipeg home. This indicates efficient use of space, likely with a standard layout of 2-3 bedrooms and one or two bathrooms.

4. Why is the exact past sale price not publicly listed?
Exact sale prices in Manitoba are not part of the public land registry. The provided price range is an estimate based on available data. The listing service offers to provide the verified sale price manually upon request to ensure accuracy for serious buyers.

5. What is the neighbourhood analysis page?
This is a tool that maps the property alongside nearby homes, allowing you to visually compare key metrics like year built, lot size, and assessed value. It helps contextualize where this specific home fits within the immediate area beyond just the statistics.