Property Overview: 425 Southall Drive, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Margaret Park presents a compelling opportunity, particularly for its generous lot size and established neighbourhood setting. Built in 1967, the 1,073 sqft house sits on a notably large 7,692 sqft parcel of land, which ranks within the top 5% of lots in the local area. This expansive outdoor space is the property's standout feature, offering significant potential for gardening, recreation, or future expansion.
Its appeal lies in a balance of solid fundamentals and upside potential. The assessed value is strong for the immediate street and neighbourhood, suggesting the property is well-regarded in its local context. While the living area is average for the city, the proportions hint at a home where the land itself may be the primary asset. It would suit practical buyers who value space and location over a modern, turn-key interior. This could be an ideal match for a first-time homeowner comfortable with gradual updates, an investor seeing long-term value in the lot size, or someone seeking a quiet, established community with room to breathe and customize.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The land area of approximately 7,700 sqft is a key advantage. It ranks in the elite top 5% for the Margaret Park area, meaning it is significantly larger than most neighbouring lots.
2. What is the recent sales history?
Public records indicate the property sold between $300,000 and $350,000 in 2023. For the precise sale price, you can request the exact figure via email from the listing source.
3. Is the house newer or older than others nearby?
Built in 1967, it is slightly newer than the average home on its street, ranking in the top 14% there. It is generally on par with the average age of homes across Winnipeg.
4. How does its value compare to the neighbourhood?
The home's assessed value is above average for both Southall Drive and the wider Margaret Park area, placing it in the top 25% and 17% respectively for those groups.
5. Where can I see more context about the location and nearby homes?
A dedicated neighbourhood analysis map is available for this property, allowing you to visually compare it with nearby houses based on year built, size, value, and lot dimensions.