Property Overview: 52 Southmoor Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home at 52 Southmoor Road presents a compelling opportunity in Winnipeg's Niakwa Place neighbourhood. Its primary strengths are space and land. With 1,784 sqft of living area, it sits comfortably in the top third for size compared to homes on its street, in the area, and across the city. This is complemented by an above-average lot size of just over 7,200 sqft, offering generous outdoor space that is increasingly rare.
Built in 1970, the home is typical for its established area but ranks as newer than many on its specific street. The assessed value of $414k is positioned around the average for the immediate vicinity, suggesting a fair valuation within the context of the neighbourhood. Recent sale data indicates it sold between $450k and $500k in late 2024.
The appeal lies in securing a well-sized home on a substantial lot in a mature neighbourhood. It suits buyers looking for room to grow, garden, or simply enjoy more privacy than newer, denser subdivisions offer. It’s a practical choice for a family seeking established community roots or for someone who values interior and exterior space over a brand-new build. A thoughtful perspective is that while the house itself is of average value for the area, you are acquiring a land parcel that is larger than most city-wide, which could be a strategic long-term asset.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold for an estimated $450k-$500k in December 2024, which is above its $414k assessed value. This is common, as assessed values for tax purposes often differ from market-driven sale prices.
2. Is the living space modern or dated?
The property detail page does not specify renovation history. As a home built in 1970, buyers should be prepared for viewings to determine the condition and modernity of interiors, layouts, and systems like plumbing and electrical.
3. What does the "above average" lot size mean practically?
With a 7,208 sqft lot, you have more yard space than approximately 85% of properties across Winnipeg. This allows for larger gardens, recreational space, parking, or potential future additions, subject to local bylaws.
4. What is the Niakwa Place neighbourhood like?
Niakwa Place is an established residential area in Winnipeg. The data shows homes here have similar lot sizes and living areas, indicating a consistent, mature character without extreme variation between properties.
5. How can I verify the exact sold price?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact figure by emailing them directly for a manual lookup, which they provide without using your email for marketing.