Property Overview: 294 Southall Drive, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 294 Southall Drive is a classic, mid-century bungalow built in 1967, offering a practical and grounded living opportunity in Winnipeg's Margaret Park neighborhood. Its key appeal lies in its established setting and manageable scale, presenting a straightforward canvas for a homeowner.
The 1,040 sqft living space and 5,494 sqft lot are consistently "around average" when compared to the immediate street, the wider Margaret Park area, and the city as a whole. This positions the property as a typical example of its kind, neither exceptionally large nor small. A notable characteristic is its assessed value, which is notably "below average" for Southall Drive itself, potentially indicating a value proposition relative to its closest neighbors. The home suits first-time buyers seeking an entry into a stable neighborhood, practical downsizers looking for a manageable property without a premium lot size, or value-oriented investors attracted to a home with fundamental utility and a lower assessed value point for the street.
A less obvious perspective is that a home ranking "above average" for its year built on the street (it's newer than most directly around it) yet with a "below average" assessment could suggest an opportunity for value appreciation through updates, making it a sensible target for those with renovation plans.
Section 2: Frequently Asked Questions
1. How does the property's value compare to recent sales?
The home last sold between $300k-$350k in 2021, a price that ranked around the area average at that time. An earlier 2019 sale was in the $250k-$300k range.
2. What does the "below average" assessed value on the street mean?
While its assessed value is around average for the wider area, it ranks lower (Top 88%) compared to the 73 homes specifically on Southall Drive. This could be due to a variety of factors, including the home's condition, specific features, or the timing of the assessment relative to upgrades made on other homes on the street.
3. Is the lot size a constraint?
At just under 5,500 sqft, the lot is typical for the area. It provides adequate outdoor space for gardening or recreation but is not an exceptionally large parcel. It's well-suited for those preferring less yard maintenance.
4. How can I find out the exact historical sale prices?
The listed sale prices are ranges based on public data. The exact, precise sale prices are available by request via email from the listing service, which provides them manually without marketing spam.
5. How does this home fit within the immediate neighborhood?
You can view a detailed neighborhood analysis map to see this property in direct visual comparison to nearby homes, evaluating differences in year built, living area, lot size, and assessed value side-by-side.