Property Overview: 291 Southall Drive, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1966, sits on a generous 5,993 sqft lot in Margaret Park. Its primary appeal lies in its strong value proposition within its immediate area. While the home's living area is modest and typical for the neighbourhood, its assessed value ranks notably high on its street (top 15%) and in Margaret Park (top 10%), suggesting it is viewed favourably relative to its local peers. The lot size is also a standout feature for the wider area, ranking above average for the neighbourhood.
The property suits practical buyers looking for a solid, no-surprises home in an established community. It’s ideal for first-time homeowners or downsizers who prioritize lot space over expansive square footage and appreciate a home that holds its value well within its specific locale. A thoughtful perspective is that this home represents a stable, middle-ground option—it doesn’t lead in every category, but its above-average assessment and lot size indicate a property with dependable fundamentals in a mature setting.
Frequently Asked Questions
1. What does the "above average" assessed value ranking mean for me?
It indicates that, according to municipal assessment, this property holds more value relative to many of its direct neighbours and similar homes in Margaret Park. This can be a sign of desirable lot attributes, better condition, or favourable location within the area.
2. Is the living space smaller than average?
At 1,040 sqft, it is slightly below the average for comparable homes on its own street (~1,131 sqft) but is very close to the neighbourhood average. The floor plan efficiency and the potential of the full basement would be important to evaluate for your space needs.
3. How recent is the sale history, and what did it sell for?
The home sold between 2021 and 2025, with a public price range of CA$350,000–$400,000. The exact sale price is available upon direct request from the listing service.
4. What are the implications of the home being built in the 1960s?
This is typical for the area. Buyers should budget for updates to aging components like windows, roof, or mechanical systems, and investigate if any major renovations have already been completed. The era also often means simpler, functional layouts and a sturdy build.
5. How does the lot size compare?
The lot is a key feature. At nearly 6,000 sqft, it is larger than many lots in the wider Winnipeg area and ranks above average within Margaret Park itself, offering good potential for outdoor space, gardening, or future expansion, subject to local bylaws.