Property score
81.3
Excellent
Overall 81.3 · Larger than most nearby homes
1,790 sqft (top 25%) · Built in 1970 (6 yrs older than avg)
Located in a high-income area with median household income of ~114k
Transit 72.0 · 9-min walk to transit with 5 nearby routes · Within 500m: 1 school, and 1 shop nearby
Living Area
Above average
20% larger than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 75%French · 10%
Past 10 years Niakwa Place sales snapshot (~80% of all data)
228
303.7k
$288/sqft
1976
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81.3 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: #46110584
$114K
Median household income
$127K
Average household income
1%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
15%
Single-person households
40%
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
40 Southmoor Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 424 m), 1 shopping (nearest 491 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 | Top 34% | Top 20% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 40 Southmoor Road, Niakwa Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 40 Southmoor Road presents a compelling value proposition centered on space and location. Built in 1970, its key characteristic is its above-average living area of 1,790 sq ft, which ranks within the top 25% for its immediate street and the broader Niakwa Place neighborhood. The lot size of 6,713 sq ft is also notably generous compared to the Winnipeg city-wide average. Interestingly, while the home offers substantial interior and land space, its municipal assessed value of $385K is below the average for Southmoor Road itself, suggesting a potential value opportunity for a buyer willing to invest in updates.
The appeal lies in this balance of size and price within a stable, established neighborhood. It suits practical buyers looking for room to grow or customize without the premium price tag of a fully renovated home. It would also appeal to value-oriented investors or homeowners who see potential in a property where the core assets—lot size and square footage—are strong, but the assessed value hasn't yet caught up. This is a property for those who prioritize space and foundation over modern finishes, viewing it as a canvas for personalization or long-term equity building.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $450K and $500K in July 2024. This sold price range is significantly higher than the $385K assessed value, indicating the market valued the property above its municipal assessment at that time.
2. Is the living space larger than most homes in the area?
Yes. With 1,790 sq ft, this home is larger than approximately 75% of comparable homes on its street and in the Niakwa Place area, placing it firmly in the top quartile for living space.
3. What does the assessed value ranking tell me?
The assessment of $385K ranks in the bottom 16% (Top 84%) on its own street, meaning most neighbors have higher assessed values. However, it is much closer to the middle of the pack when compared to the wider city. This suggests the specific street may have homes with higher valuations or more renovations, while this property’s assessment is more aligned with broader Winnipeg averages.
4. How old is this home relative to others?
Built in 1970, it is older than about 72% of homes on Southmoor Road, making it one of the street's older properties. Compared to the entire city, its age is very typical, sitting almost exactly at the median benchmark.
5. Where can I see more detailed context about the neighborhood?
You can open a dedicated neighbourhood analysis map to view this property in context, comparing year built, living area, assessed value, and lot size with nearby houses. A link is provided in the full property data for this purpose.
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