Property Overview: 334 Southall Drive, Margaret Park, Winnipeg
Key Characteristics & Appeal
This is a modest, 1,010 sqft bungalow built in 1966 on a standard 5,494 sqft lot in Winnipeg's Margaret Park neighborhood. Its primary appeal lies in its position as an accessible entry point into the housing market. The home's assessed value is notably low, ranking at the very bottom on its own street but aligning more closely with averages for the wider area. This suggests a property with fundamental utility but likely in need of updates, presenting a clear value proposition for a specific buyer.
The home would best suit a practical, value-conscious buyer—perhaps a first-time homeowner, an investor, or a downsizer—who views the property as a foundation rather than a finished product. Its appeal is not in standout size or modern finishes, but in the opportunity it represents: a chance to secure a land title in an established neighborhood at a lower entry cost, with the understanding that any investment in renovations could directly increase its equity. It’s a home for someone comfortable with a project, whether now or over time, and who prioritizes getting into the market over immediate move-in perfection.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's current state and market position. Being at the bottom of the range on its street indicates it is likely one of the least updated or smallest homes in the immediate area, which is reflected in the official valuation.
2. What does the sold price history tell me?
The last recorded sale was between 2016 and 2025, in the range of $200k-$250k. This provides a historical benchmark, but the exact price is not publicly listed. For precise figures to inform your offer, you can request the exact sold price history directly from the listing service.
3. Is the living space small for the area?
At 1,010 sqft, it is below the average for both its street (1,131 sqft) and the city overall (1,342 sqft). In its immediate Margaret Park area, however, it is much closer to the local average (1,047 sqft), indicating the neighborhood itself features more compact homes.
4. Who would this property NOT be suitable for?
It would likely not suit buyers seeking a turn-key, modern home or those who prioritize ample interior space relative to their neighbors. The data suggests it's a functional property that may require a vision for its potential.
5. How can I better understand this home's context in the neighborhood?
You can explore a detailed neighborhood analysis map, which visually compares this property to nearby homes based on year built, living area, assessed value, and lot size. This helps gauge how it fits into the local streetscape.