Property Overview
This home at 369 Southall Drive in Winnipeg's Margaret Park neighbourhood presents a solid, well-situated option. Built in 1966, it offers 1,219 square feet of living space on a nearly 6,000 square foot lot. The data suggests its primary appeal is in its strong positional value within its immediate area. While its size and age are average city-wide, it consistently ranks above average for both living space and assessed value within its own street and neighbourhood. This indicates you're getting a property that stands a bit taller among its closest peers, which can be a marker of stability and desirability on that specific block. Recent sold price ranges suggest active market interest.
It would suit practical buyers looking for a established home in a mature neighbourhood without paying a premium for a city-leading location. It’s a fit for someone who values neighbourhood cohesion over a brand-new build, and who understands that a home ranking well in its immediate context can sometimes be a smarter investment than one that is average in a broader, more expensive area.
Frequently Asked Questions
How does this home truly compare to others nearby?
The metrics show it holds its own very well on its own street and in Margaret Park. It ranks in the top 30% for assessed value and top 26% for living area on Southall Drive, meaning it is objectively a larger and more valuable property than many of its direct neighbours.
What does the sold price range indicate?
The listed ranges for sales in 2022 and 2025 suggest consistent, strong market activity in the $400k-$450k bracket. This pattern indicates sustained buyer interest in the property and area, but for an exact historical sale price, you need to request the data directly from the site.
Is the lot size a pro or a con?
At just under 6,000 sq ft, the lot is above average for the broader Margaret Park area. This is a relative strength, offering more outdoor space than many local comparables, though it is not an exceptionally large parcel by city-wide standards.
The home is almost 60 years old. What should I consider?
Its age is typical for the area. The key consideration is less the year it was built and more how it has been maintained and updated over those decades. A home of this vintage may have solid construction but will likely need, or have recently had, updates to major systems like plumbing, electrical, and insulation.
Why are the city-wide averages for assessed value so different?
The city-wide average assessed value shown (~$390k) is compared against a "comparable homes" group, not all homes. This suggests the system groups it with similar properties across Winnipeg, and within that specific group, its assessment is around the middle. This highlights that value is highly contextual; it's a stronger performer in its local market than it is in a city-wide lineup of similar-style homes.