Property Overview: 378 Southall Drive, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 378 Southall Drive presents a solid, above-average offering within its established Margaret Park neighbourhood. Its primary appeal lies in its generous 1,278 sqft living area, which ranks within the top 8% of homes on its own street and the top 11% within the wider Margaret Park area, providing more interior space than many comparable local properties. Paired with an assessed value that also ranks highly for the area, it suggests a well-proportioned home relative to its market valuation. The lot is a standard city size, offering typical outdoor space without excessive maintenance.
Built in 1965, the home is one of the older properties on Southall Drive itself, which may appeal to buyers who appreciate the character and established streetscapes of mature neighbourhoods, or who see potential in updates. Its recent sale history shows steady value growth.
This property would best suit practical buyers looking for a spacious, no-surprises home in a quiet, long-established community. It’s ideal for someone who values more interior room over a brand-new build and is comfortable with a home of this vintage. It represents a grounded choice for families or long-term owners seeking stability and space in Winnipeg.
Section 2: Frequently Asked Questions
1. How does this home’s size truly compare?
While its living area is above average for its immediate street and neighbourhood, it is close to the city-wide average. This means you get more house for your money within Margaret Park specifically, but it’s a typically sized home for Winnipeg overall.
2. The home is noted as older on its street. Is that a concern?
Being built in 1965 places it below the street average for year built. This isn’t unusual for mature neighbourhoods and isn’t a red flag on its own, but it does underscore the importance of a thorough inspection to understand the condition of major aging components like the roof, windows, and mechanical systems.
3. What does the sold price history indicate?
The home sold previously in 2016 and 2021, with the price range increasing significantly between those sales. This indicates historical appreciation, but for the most accurate pricing context to inform an offer, you should request the exact sold prices via the provided email service.
4. Who are the likely neighbours?
The listing shows several directly adjacent properties on Southall Drive and Margaret Avenue, suggesting a stable, residential setting with mostly single-family homes. The "Similar Assessed Value" list includes homes in other neighbourhoods like Varsity View and Elmhurst, indicating this price point can be found in various areas, but this property offers Margaret Park’s specific location benefits.
5. Is the lot size a pro or a con?
At just under 5,500 sqft, the land area is unremarkable—it’s neither particularly large nor small for the city. It provides a standard backyard for family use or gardening without the burden of a huge lot to maintain, which can be a positive for many buyers.