Property Overview: 107 Southbridge Drive, Niakwa Place, Winnipeg

Key Characteristics & Appeal

This 2,026 sqft home, built in 2003, sits on a 7,145 sqft lot in the established Niakwa Place neighborhood. Its primary appeal lies in its strong relative value and modern construction within a mature community. Compared to the wider city and local area, the home offers above-average living space and a notably newer build year, ranking in the top 2% for age in Niakwa Place. The assessed value of $559k presents a compelling dynamic: while it is above average for both the city and the broader area, it is actually below average for Southbridge Drive itself. This suggests a potential value opportunity within a desirable street where surrounding homes are assessed significantly higher (averaging ~$697k).

The property suits buyers seeking a well-sized, relatively modern home in a settled neighborhood without paying the premium typical for its immediate street. It’s ideal for those who value space and newer infrastructure over a fully renovated or luxury finish, and for value-conscious buyers who recognize the advantage of a lower assessment on a street of higher-valued homes. The generous lot size also offers room for outdoor living or future expansion.

Frequently Asked Questions

1. Why is the assessed value on this street lower than the average?
The home’s assessment of $559k is below the street average of ~$697k. This can be due to a variety of factors, including differences in lot size, specific home features, renovations, or the timing of assessments. It indicates this property may be priced more accessibly within a high-value enclave.

2. How does the home’s size compare to others?
With 2,026 sqft of living area, this home is larger than the average Winnipeg home (~1,342 sqft) and the average in Niakwa Place (~1,490 sqft). On its own street, it is slightly below the average (~2,352 sqft), placing it in the middle of the pack locally but offering ample space overall.

3. What does the "Elite – Top 2%" ranking for Year Built mean?
This means the home, built in 2003, is newer than 98% of comparable properties in the Niakwa Place area, where the average build year is 1976. This is a significant advantage, suggesting updated building materials, systems, and potentially less need for major immediate repairs.

4. When was it last sold and for how much?
Public records indicate a sale between May and July of 2017, with a sold price in the range of CA$400k–450k. For verified, exact historical sale figures, a manual lookup can be requested directly from the site.

5. Is the lot size typical for the area?
Yes. The 7,145 sqft lot is very close to the Niakwa Place average (~7,173 sqft) and is above the city-wide average. On Southbridge Drive, lots are generally larger (~8,665 sqft average), so this property’s lot is slightly more modest in its immediate context but still substantial.