Property Overview: 75 Southmoor Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home at 75 Southmoor Road presents a compelling opportunity centered on space and established value. Built in 1970, its primary strengths are its generous proportions, both indoors and out. With 1,730 square feet of living area, the home is notably larger than average for its street, neighbourhood, and the city overall. The lot size of 8,879 square feet is a standout feature, ranking in the top 6% on its street, offering significant outdoor space rarely found in newer developments.
The appeal lies in its established, mature setting in Niakwa Place and its above-average positioning in key metrics. The assessed value of $471,000 is consistently above local and city averages, suggesting a solid foundation of perceived value. This isn't a fixer-upper priced for a bargain; it's a well-sized property in a stable area. It would suit buyers prioritizing interior space and a large yard over a brand-new build—ideal for families, those who enjoy gardening or outdoor entertaining, or anyone seeking a property where the land itself is a major asset. The data suggests a buyer who values a proven, roomy home in a mature neighbourhood over the potential uncertainties of a newer, more densely packed subdivision.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $471,000 is for municipal tax purposes and is typically based on past market data. It serves as a useful benchmark, indicating the home is valued above average for the area. The actual selling price will be determined by current market conditions, the home's specific condition, and buyer demand.
2. The home was last sold in 2019. What was the price?
Publicly available data shows the home sold for between $350,000 and $400,000 in April 2019. For verified, exact historical sale figures, a manual lookup can be requested directly from the site.
3. What does the lot size ranking actually mean for me?
Ranking in the top 6% for land area on its street means this property has one of the largest lots in the immediate vicinity. Compared to the street average of about 7,150 sq. ft., this home's lot is over 1,700 sq. ft. larger, offering more privacy, landscaping potential, or room for additions like a shed or deck.
4. Is a 1970s home likely to need major updates?
While the building's age is around the neighbourhood average, a home from this era may have original components—like roofing, windows, or major mechanical systems (furnace, electrical)—that are nearing or past their typical lifespan. A thorough inspection is advised to budget for any necessary updates or maintenance.
5. How does this home compare to others in Niakwa Place?
The data indicates this home is above average for the neighbourhood in both living space (top 27%) and lot size (top 14%), while its assessed value is also above the area average. This suggests you are getting more physical space per dollar compared to many area benchmarks.