Property score
84.9
Excellent
Overall 84.9 · Larger and newer than most nearby homes
2,689 sqft (top 5%) · Built in 1991 (15 yrs newer than avg)
Located in a above-average income area with median household income of ~86k
Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 3 schools, and 1 park nearby
Living Area
Above average
80% larger than neighborhood avg.
Year Built
Above average
15 yrs newer than neighborhood avg.
Mother tongue
English · 73%French · 10%
Past 10 years Niakwa Place sales snapshot (~80% of all data)
228
303.7k
$288/sqft
1976
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84.9 is composed by the two sections below.
Property Score
Community Score
Niakwa Place
How to read: Share of sales in each ~$50k price band for “niakwa place” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111143
$86K
Median household income
$123K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
26%
Single-person households
21%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
249 Southbridge Drive — 4 amenities found within 500 m, across 2 categories, including 3 education (nearest 356 m), 1 parks (nearest 243 m).
Niakwa Place · WPS public data · 2025
Annual incidents
38
2025
vs. city avg
+29%
relative to avg
Year-over-year
▼ -3%
vs. prior year
Primary type
Property
87%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Top 12% | Top 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 249 Southbridge Drive, Winnipeg
Key Characteristics & Appeal
This home at 249 Southbridge Drive in Niakwa Place presents a compelling value proposition centered on spaciousness and established neighbourhood appeal. Its primary strength is its generous 2,689 sqft of living area, which ranks within the top 5% of homes in Niakwa Place and the top 2% city-wide. This significant space is set on a sizable 7,373 sqft lot, offering ample room both indoors and out.
The appeal lies in its relative value. While the home is one of the older properties on its street (built in 1991), its assessed value of $657k is notably above average for the wider area and city, yet appears more moderate compared to its immediate street. This suggests you are acquiring substantial square footage in a desirable neighbourhood without paying the peak premium for a newer build on the same block. The property last sold in 2017 for an estimated $500k-$550k, indicating potential for appreciation.
This home would suit buyers prioritizing space over newness—growing families, those who work from home and need dedicated rooms, or anyone seeking a established property with mature landscaping on a large lot. It’s for a practical buyer who recognizes that an older home on a great street in a top-tier area can offer more room for the dollar.
Frequently Asked Questions
1. How does the home’s age affect its value and potential?
Built in 1991, the home is older than most on its specific street. This is reflected in its below-average ranking for year built on Southbridge Drive. However, it is still newer than the average Winnipeg home. The key consideration will be the condition of major systems (roof, windows, HVAC) typical of a 35-year-old property, which can be offset by the lot size and living space you gain.
2. Why is the assessed value higher than the last sold price?
The assessed value ($657k) is a municipal valuation for tax purposes, while the last sold price (est. $500k-$550k in 2017) is a historical market transaction. The difference highlights market appreciation over seven years and the city’s assessment formula. It’s a starting point for discussion, not a definitive market price.
3. What does the "top 5% city-wide" ranking for living area really mean?
It means this home is larger than approximately 95% of all residential properties in Winnipeg. This is a significant differentiator, offering rare interior space that is difficult to find, especially when combined with its above-average lot size.
4. Is the lot size a pro or con?
At 7,373 sqft, the lot is above average for both the city and Niakwa Place, providing excellent outdoor space. However, it is slightly smaller than the average lot on Southbridge Drive itself. This is a subtle point: you get a large yard by almost any standard, but not the absolute largest on the street.
5. How can I get the exact historical sold prices?
The provided sold price is an estimated range from public data. Due to industry regulations, exact MLS sold records are not displayed. You can request the full, verified transaction history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.
