Property Overview: 44 Southmoor Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This 1,266 sqft bungalow, built in 1970, sits on a generous 6,713 sqft lot in the established Niakwa Place neighborhood. The home presents a compelling value proposition, particularly for its land size and assessed value relative to the wider Winnipeg market. While its living space is modest compared to others on its street, it is competitively sized when viewed across the city. The property’s current assessed value of $447k is notably above the Winnipeg average, yet it aligns with values in its immediate area, suggesting a well-regarded location.
The appeal here is grounded in space and potential. The lot size ranks in the top 19% city-wide, offering ample outdoor room—a significant asset for gardeners, families, or future expansion. It suits practical buyers who prioritize a larger property footprint over a maximized interior square footage. This could be an ideal match for downsizers seeking a manageable single-level home without sacrificing yard space, or for value-conscious renovators who see potential in a solidly built 1970s home on a prime lot. Its last known sale was between $300k-$350k in 2017, indicating substantial equity growth, which may appeal to investors or buyers looking for a property with a strong value history.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,266 sqft, the living area is below the average for Southmoor Road but is very close to the average for Winnipeg as a whole. The trade-off is a larger-than-average city-wide lot size.
2. Is the assessed value of $447k typical for the neighborhood?
Yes. The assessment is around the average for both Southmoor Road and the broader Niakwa Place area, but it sits above the average assessed value for the entire city, reflecting the neighborhood’s standing.
3. What can the 2017 sale price tell me?
The home sold for an estimated $300k-$350k in mid-2017. This historical data shows significant appreciation in assessed value over seven years, highlighting the area’s market trend.
4. Who would this property best suit?
It’s well-suited for buyers who value land size over interior square footage, such as those looking for outdoor space, potential for additions, or a manageable bungalow layout. It may also attract those interested in a neighborhood with consistent property values.
5. How can I get the exact historical sale prices?
The provided sale price is an estimated range from public data. For fully verified and exact sale figures, you must request a manual lookup via email through the listing site, as MLS records are not displayed here.