Property Overview: 111 Southmoor Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 111 Southmoor Road in Niakwa Place stands out for its above-average scale and established presence. Built in 1971, it is a property of considerable substance, featuring 2,106 sqft of living space on a large 7,680 sqft lot. Its appeal lies in its clear positional strength within a desirable neighbourhood. The data indicates it is a leader on its own street, ranking in the top 4% for assessed value and the top 11% for living area among nearby homes. This suggests a property that is both larger and more valuable than most in its immediate vicinity, offering a sense of space and investment solidity.
The home would suit buyers looking for a established, spacious property in a mature neighbourhood. It’s ideal for someone who values room to grow, garden, or entertain, and who appreciates a home with a track record of value retention. A thoughtful perspective is that while the home is from the early 1970s, its rankings suggest it may have been well-maintained or updated over time to maintain its elite standing on the street. It represents an opportunity to own a property that is not just average for the city or area, but is a definitive standout on its own block.
Section 2: Frequently Asked Questions
1. How current is the sold price information shown?
The listed sold price range of CA$600k–650k is from May 2022. This data is sourced from publicly available records, not the MLS. For fully verified, exact historical transaction figures, you must request a manual lookup via email.
2. What do the "Top X%" rankings actually mean?
They show how this property compares to others in three groups: its immediate street, the wider Niakwa Place area, and all of Winnipeg. For example, ranking in the "Top 4%" for assessed value on its street means only 3 out of 80 comparable homes have a higher assessment, highlighting its premium status in the most direct location.
3. Is the 1971 build date a concern?
The year built is around the neighbourhood average. Its strong value and size rankings, however, suggest the home has aged well relative to its peers. A key consideration would be the condition and age of major systems (roof, windows, HVAC), which is typical for any home of this vintage.
4. How does the lot size compare?
At 7,680 sqft, the lot is above average for the street, area, and city. This means more outdoor space than most comparable properties, which is a significant and less flexible feature in an established neighbourhood.
5. Why is there a difference between the assessed value and the past sold price?
The assessed value ($588k) is for municipal tax purposes. The sold price from 2022 is a past market transaction. The assessment can be influenced by many factors and does not necessarily predict current market value, which is determined by present-day supply, demand, and condition.