Property Summary: 79 Southmoor Road, Winnipeg
Key Characteristics & Appeal
This home at 79 Southmoor Road in Niakwa Place is characterized by its above-average size, both in living space and lot dimensions. With 2,087 sqft of living area and a 7,439 sqft lot, it ranks consistently in the top 25% for space when compared to homes on its street, in the wider Niakwa Place area, and across Winnipeg. Built in 1970, its age is typical for the neighbourhood. The assessed value of $471k is also above the local and city averages, indicating a perceived premium.
The primary appeal lies in its generous proportions, offering more room than most comparable properties. This creates immediate value for buyers seeking space for a growing family, a home office, or simply more room to breathe. The sizable lot is a particular asset, providing ample outdoor space for gardening, recreation, or future expansion. Its recent sale history shows steady value appreciation, suggesting a solid investment in a stable area.
This property would best suit buyers who prioritize interior and exterior space over a brand-new build. It’s ideal for families looking for established neighbourhoods with larger lots, or for value-conscious purchasers who see the potential in a well-sized home from the 1970s era, possibly with updates in mind. It represents a classic trade-off: more space and land for the money, likely in exchange for considering updates or renovations common for a home of this vintage.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home sold in July 2024 for between $500k and $550k. This sale price placed it in the top 14% of sales for Southmoor Road, indicating it commanded a premium compared to neighbouring properties, likely due to its larger size.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($471k) is for municipal tax purposes and is typically below market value. The July 2024 sale price range confirms that the market value was higher, which is common. The assessed value is best used for comparing relative worth against other homes, not for predicting exact sale price.
3. What does the "top percentage" ranking actually mean for a buyer?
These rankings contextualize the home’s key metrics. For example, the living area being in the "top 13%" on its street means it is larger than 87% of the 80 comparable homes on Southmoor Road. This is a strong, data-driven indicator that you are getting a physically larger property than most in the immediate vicinity.
4. The home was built in 1970. What should I consider?
A home from this era may have original components, like windows, roofing, or major systems (heating, electrical, plumbing), that are nearing or have exceeded their typical lifespan. A thorough inspection is crucial to budget for any necessary updates, but this vintage also often comes with desirable construction materials and room layouts.
5. You provide sold price ranges, not exact figures. How can I get the exact history?
Due to industry data rules, exact sold prices from the MLS are not displayed publicly on the site. You can request the exact transaction history by emailing the provided contact; they will manually look up and send the verified figures directly to you.