Property Overview: 174 Southbridge Drive, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition centered on its generous lot and established neighbourhood. Built in 1993, the 1,851 sqft house sits on a notably large, 10,868 sqft property. The data reveals a clear story: while the living space is more modest compared to some larger homes on its own street, the lot size is well above average for the area. This creates a unique balance—a comfortable home within a highly desirable, spacious setting.
Its primary appeal lies in its land value and location within Niakwa Place. The assessed value of $693k places it in the top 8% of the neighbourhood and an elite top 4% city-wide, indicating a premium address. This suggests the value is anchored more in the land and location than in the size or newness of the structure itself. It would suit a buyer who prioritizes outdoor space, potential for expansion or landscaping, and long-term value in a mature, sought-after community over having the newest or largest house on the block. It’s a solid choice for those looking to enter a premium area with room to grow, or for downsizers who still want a substantial private yard without an excessively large home to maintain.
Frequently Asked Questions
1. Is the house dated due to its 1993 build year?
While not a new build, the home is newer than the average Winnipeg house and significantly newer than many in its immediate area. This suggests well-established infrastructure and mature landscaping, with potential for updates to suit personal taste.
2. How does the lot size compare practically?
At nearly a quarter-acre, the lot is substantially larger than the typical Winnipeg property. This offers rare privacy, space for gardens, recreation, or future additions like a shed or deck that wouldn’t be feasible on a standard lot.
3. The living area seems average; is the price justified?
The assessed value reflects a premium for the location and land, not solely the square footage. You are investing significantly in the neighbourhood and the scarcity of such large lots, which often hold and increase in value independently of the home.
4. What does "Elite" or "Top 4%" city-wide for value mean?
This ranking indicates the property’s assessed value is higher than 96% of all residential properties in Winnipeg. It confirms the home is situated in one of the city’s more valuable market segments, even if it’s a mid-range property on its own street.
5. How can I get precise historical sale data for this property?
The provided data is from public sources. For fully verified sales history and exact figures, you must request a manual lookup from the site via email, as MLS records are not displayed here due to industry regulations.