Property Overview: 112 Southmoor Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This well-situated home at 112 Southmoor Road presents a solid opportunity in Winnipeg's Niakwa Place neighbourhood. Built in 1970, its primary appeal lies in offering above-average space and value relative to its surroundings. With 1,592 square feet of living area, it provides more room than the typical Winnipeg home, and its 7,207 square foot lot is notably larger than the citywide average, offering generous outdoor space.
The home’s assessed value of $489,000 ranks consistently above average—not just citywide, but particularly on its own street and within Niakwa Place. This suggests a property that holds its value well in its immediate context. The data indicates it last sold between $450,000-$500,000 in mid-2017.
This property would suit buyers looking for a established home in a mature neighbourhood who prioritize lot size and living space over a newer build. It’s a practical choice for a family needing room to grow or for someone valuing a larger yard. The numbers suggest you’re getting a property that stands out in its local market for its proportion of land and interior space per dollar.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value of $489,000 ranks in the top 18% on Southmoor Road itself and the top 26% in the wider Niakwa Place area, indicating it is valued higher than many comparable nearby homes.
2. Is the lot size a significant feature?
Yes. At 7,207 sqft, the lot is larger than approximately 85% of residential lots citywide. This is a standout feature offering more privacy and outdoor potential than the average Winnipeg property.
3. What does the sold price history tell us?
It last sold in June 2017 for an estimated $450,000-$500,000. This historical price, combined with the current assessed value, provides a benchmark for its market trajectory over the past several years.
4. Is the living space considered large?
At 1,592 sqft, it is above the citywide average (1,342 sqft) and slightly above the averages for both Niakwa Place and Southmoor Road. It offers a comfortable amount of space without being exceptionally large for the neighbourhood.
5. How can I get the exact historical sold prices?
The site provides sold price ranges publicly. To obtain the exact historical sale figures, you must request them directly via email, as this data is manually verified and not displayed in full due to industry regulations.