Property Summary: 331 Southall Drive, Winnipeg
Key Characteristics & Appeal
This home at 331 Southall Drive in Margaret Park is a well-positioned property that stands out for its above-average space and value within its immediate neighborhood. Built in 1966, it is a classic Winnipeg bungalow of its era. The key appeal lies in its generous proportions: at 1,232 sqft, the living area is notably larger than most comparable homes on its street and in the Margaret Park area. This is complemented by a substantial lot of nearly 6,000 sqft, which is above average for the wider neighborhood, offering valuable outdoor space.
The home’s assessed value ranks highly within Margaret Park, suggesting it is considered a solid asset in the local market. Its last known sale was in the 2022-2025 period, providing a relatively recent market benchmark. This property would best suit practical buyers looking for established-character homes with more interior room and yard space than is typical for the area, without venturing into premium price tiers. It’s a sensible choice for those who value neighborhood-level value over city-wide comparisons, offering a comfortable footprint in a mature community.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it ranks highly for both living area and assessed value on its own street and in Margaret Park. This means you’re getting more interior space than most direct neighbors, and the official assessment reflects that added substance. City-wide, it’s more average, highlighting that its prime advantages are relative to its specific, established community.
2. What does the assessed value indicate?
With an assessed value that places it in the top 6% for Margaret Park, this property is formally valued significantly higher than most in the neighborhood. This often correlates with factors like lot size, living area, and general condition, and can be a marker of stability and lower relative property tax risk compared to homes with rapidly climbing assessments.
3. Is the lot size a major feature?
Yes, particularly in the context of Margaret Park. The lot is above average for the neighborhood, which is a less obvious but valuable asset. It provides greater privacy, landscaping potential, and future flexibility than many nearby properties, a perk that becomes harder to find in mature areas.
4. The home was built in 1966. What should I consider?
As a home from the mid-1960s, expect classic bungalow layout and construction. Its age is typical for the street and area. The consideration isn’t that it’s old, but that its maintenance and updates (like roofing, windows, electrical, or plumbing) will be key factors in its current condition and value.
5. How can I find out the exact past sale price?
The listed sale price is a range based on public data. The exact, verified sold price is available by request from the listing source. You can provide your email to receive it; they state this is done manually with a same-day turnaround and no marketing spam.