Property Overview & Appeal
This 1,255 sqft bungalow on a 5,494 sqft lot at 374 Southall Drive presents a solid, well-maintained home in Winnipeg's Margaret Park neighbourhood. Built in 1967, its key strength is its above-average living space compared to most homes on its street and in the local area, offering more room than many comparable properties. The home sits on a manageable lot that is typical for the city, and its assessed value is consistent with the local market. Its appeal lies in its established, quiet street setting and its practical size—it’s a home that has been cared for within a mature community. This property would best suit first-time buyers, downsizers, or investors looking for a straightforward, move-in-ready home without the premium of a newer build or an oversized lot. A thoughtful perspective is that while it may not lead in any single category city-wide, it represents a balanced offering where space, location, and value intersect reliably.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,255 sqft, the living area is above average for both Southall Drive and the wider Margaret Park area, placing it in the top 16% of homes locally for space.
2. What is the neighbourhood like for amenities and convenience?
Margaret Park is a mature, established residential area. For specific amenities like schools, parks, and shopping, we recommend exploring the neighbourhood analysis map linked in the full details.
3. When was the home last sold and for how much?
The property sold in 2024. Public data shows a price range of CA$350,000–$400,000. You can request the exact sold price via the email button provided for precise historical data.
4. Is the assessed value a good indicator of the likely selling price?
The assessed value of $34,400 is a municipal tax valuation. It can be a general benchmark, but market conditions, property updates, and buyer demand ultimately determine the sale price.
5. What are the potential considerations for a home built in 1967?
Homes of this era are typically solidly built but may have original components, like windows, roofing, or electrical systems, that could be nearing or have exceeded their typical lifespan. A thorough inspection is advised to understand the condition and any future maintenance priorities.