377 Southall Drive

Property Overview: 377 Southall Drive, Margaret Park, Winnipeg

Key Characteristics & Appeal

This home is a quintessential example of a well-established, mid-century property in Winnipeg's Margaret Park neighbourhood. Built in 1966, it sits on a notably generous lot for the area—just under 6,000 sqft—which ranks well above average locally. The house itself, with 1,024 sqft of living space, is more compact compared to many nearby homes, suggesting a practical, manageable layout. Its assessed value is consistent with local and city-wide averages, indicating a stable, fair-market positioning.

The primary appeal lies in its location and land. The lot size offers valuable outdoor space and potential in a mature neighbourhood, a combination that can be hard to find. It suits first-time buyers or downsizers looking for a lower-maintenance home without sacrificing yard space, or investors seeking a property with solid fundamentals in a stable area. A thoughtful perspective is that this property represents an entry point into a established community, where the value is anchored more in the land and location than in the size of the dwelling, offering room to personalize over time.

Frequently Asked Questions

1. How does the home’s size compare to others in the area?
The living area is below average for Southall Drive itself, but closer to the average for the wider Margaret Park area. This indicates a more compact home on a street where some houses may be larger.

2. Is the lot size a significant feature?
Yes. The land area of 5,993 sqft ranks in the top 22% for the Margaret Park neighbourhood, meaning it’s a larger-than-typical lot for the immediate area, which is a key asset.

3. What does the assessed value tell us?
The assessed value is consistently around average—for the street, the neighbourhood, and city-wide. This suggests the property is not over- or under-valued relative to its core characteristics, providing a neutral starting point for market pricing.

4. When was it last sold, and for how much?
The property sold between 2021 and 2025 for an estimated price between CA$350,000 and $400,000. An exact sold price is available upon direct request from the listing source.

5. What might a buyer need to consider regarding the home’s age?
Built in 1966, the home is of an age where key systems (like roof, windows, plumbing, or electrical) may be due for updates or replacement, which should be factored into planning and offers.