Key Characteristics, Appeal & Suitability

This is a 1,559 sqft home built in 1971 on a 6,386 sqft lot in the Niakwa Place neighborhood of Winnipeg. Its primary strength lies in its living space: the house is above-average in size compared to other homes across the city, ranking in the top 27% citywide. On its own street, Southmoor Road, it is also among the newer homes (top 10%). The lot is on the smaller side for the immediate street and neighborhood, but it remains slightly above the citywide average—so you’re not cramped, just not on an oversized yard.

The appeal here is balance rather than standout luxury. The assessment value of $410k is very competitive: it’s below both the street and neighborhood averages, meaning you are paying less than many nearby homes for comparable floor space. The property avoids extremes—it’s not the cheapest, newest, or biggest in any category, but it offers solid, workable dimensions without a premium price tag. This makes it well-suited for a buyer who needs functional interior space (1,559 sqft is generous for a family starter home) and wants a reasonably young structure (1971 is newer than many Winnipeg bungalows), but isn’t prioritizing a large private yard or a flashy address. It would also suit someone who values data-driven purchasing, as the rankings show you’re getting above-average living area without overpaying relative to the street.

Five Possible FAQs

1. How does this property compare to its immediate street neighbors?
On Southmoor Road, this home’s living area is close to the street average (1,555 sqft vs. 1,559 sqft), but it ranks in the top 10% for year built—making it one of the newer houses on the block. Its assessed value is $27,800 below the street average, suggesting it is priced conservatively relative to similar homes on the same road.

2. Is the lot size a concern?
It depends on your baseline. At 6,386 sqft, the lot is below average for Southmoor Road (7,148 sqft) and the Niakwa Place neighborhood (7,173 sqft). However, it ranks in the top 24% citywide, meaning it beats the typical Winnipeg lot size. You won’t feel undersized unless you compare it to the larger parcels directly on your street.

3. What is "Niakwa Place" like as a neighborhood?
The data shows Niakwa Place homes average 1,490 sqft of living area and an assessed value around $446.8k. This property is slightly larger than the neighborhood norm and valued $36,800 below it, indicating good value within the area. The neighborhood itself is not exceptionally expensive or cheap—it lands near the middle of the pack (top 45% for assessment).

4. Why is the assessed value lower than the street and neighborhood averages?
The home was built in 1971, which is newer than the street average (1970) but older than the neighborhood average (1976). Its slightly smaller-than-average lot on this street likely plays a role, as does the fact that the home itself may not have the same updates or features as higher-assessed neighbors. The ranking suggests the assessment reflects a functional, well-sized home without added premiums.

5. How does the living area ranking affect livability?
With 1,559 sqft, this home beats 73% of comparable Winnipeg properties in interior space. For a family, that likely translates to comfortable room sizes and layout flexibility (e.g., a separate dining area or a home office). The trade-off is that the lot is smaller than some neighbors’, so garden or outdoor entertaining space is more compact—but the interior volume is the real draw.