Property Overview
254 Southall Drive is a well-established home in Winnipeg's Margaret Park neighbourhood. Built in 1967, it offers 1,040 sqft of living space on a 5,494 sqft lot. Its assessed value of $34,300 is above average for the immediate area. The home presents a classic, no-frills profile that holds specific appeal for certain buyers.
Key Characteristics & Appeal
This property is defined by its consistency and established neighbourhood context. Its living space, lot size, and assessed value all rank solidly in the middle of the pack when compared to its immediate street, the wider Margaret Park area, and the city overall. This isn't a standout luxury home or a major fixer-upper; it's a straightforward, average-sized property in a mature area.
The appeal lies in its stability and potential as a practical entry point into the housing market. For a first-time homebuyer or an investor, it represents a known quantity without extreme highs or lows in its metrics. The lot size is a particular asset, offering a generous outdoor space that is larger than many city-wide comparables. The above-average assessed value for Margaret Park suggests the property is viewed favorably within its specific community context, which could indicate well-maintained neighbouring properties or a desirable micro-location.
This home would best suit a buyer looking for a pragmatic, long-term hold rather than a quick renovation flip. It’s ideal for someone content with a home that reflects the reliable, post-war construction of its era and who values a larger yard over a more modern floor plan. It’s a property for those who see value in neighbourhood character and lot size, understanding that any updates would be for personal enjoyment rather than for chasing dramatic resale premiums.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it is fairly priced within its context. Its assessed value is above the Margaret Park average, but its living space is slightly below the local average, indicating the value may be tied more to its lot and location on the street than to the size of the home itself.
2. What should I know about a home built in 1967?
You can expect solid construction typical of the era, but be prepared for potential updates. Key systems like the roof, windows, plumbing, and electrical may be nearing or past their typical lifespans and should be carefully inspected.
3. How does the lot size compare?
At nearly 5,500 sqft, the lot is a significant feature. It's larger than many city lots and provides ample private outdoor space, which is a growing priority for many buyers and not always found in homes at this price point.
4. Why is the sold price from 2019 listed as a range?
The exact sale price is not publicly available in Manitoba. The provided range is an estimate based on available assessment and market data. You can request the exact historical price from the site via email.
5. What’s the neighbourhood like?
Margaret Park is a mature, established neighbourhood. The fact that this home's year built ranks highly on its own street (Top 14%) suggests Southall Drive may have a concentration of well-kept, older homes, pointing to a stable, settled community feel.