Property Overview: 390 Southall Drive, Margaret Park, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a balanced, value-oriented opportunity in Winnipeg's Margaret Park neighbourhood. Its key characteristic is a generous 6,592 sqft lot, which is notably larger than most properties on its street and in the wider area, offering valuable outdoor space and potential. The house itself, built in 1965, is of a typical vintage for the area with a functional 1,040 sqft living space. Its assessed value is positioned below average for its immediate street, which can indicate a more accessible entry point into the neighbourhood.

The appeal lies in this combination of a sizable lot with a modestly-sized, affordable home. It suits practical buyers looking for a foothold in a established community without a premium price tag, and who value private outdoor space over a large interior. It would be a sensible match for first-time homeowners, downsizers seeking a manageable property with garden space, or investors looking for a land-value play with a rentable existing structure. A less obvious perspective is that a home with a below-street-average assessment on an above-average lot can sometimes represent a "blank canvas" opportunity, where the value is more in the land and the home's condition, allowing for personalization or future expansion.

Section 2: Frequently Asked Questions

1. What does the "below average" assessed value for the street actually mean?
It means that, according to public assessment data, this property's official valuation is lower than the typical home on Southall Drive. This often correlates with a more accessible purchase price, but it's essential to view the home in person to understand the factors behind the assessment, such as its condition, updates, or specific features.

2. How does the larger lot size benefit me?
A lot size in the top 15% on the street provides more privacy, space for gardening, recreation, or storage (like a shed) than many neighbouring properties. It also potentially offers more flexibility for future additions, like an extension or a detached garage, subject to city zoning bylaws.

3. The home was last sold between 2022-2024. What should I consider?
This recent sale means the current market price will be closely influenced by that transaction. It's important to research what, if any, updates or changes were made by the sellers during their ownership to understand the home's current state and value.

4. Is the 1,040 sqft living area sufficient for a family?
This depends on the family's size and needs. The living area is slightly below the neighbourhood average. It would likely suit a small family, a couple, or an individual comfortably. The generous lot can effectively extend the living space outdoors in warmer months.

5. How can I find out the exact historical sold prices?
The precise sale prices are not published in the public record. As noted on the listing, you must request this information directly via email from the service provider, who manually retrieves and shares the accurate data.