Property Overview: 146 Southbridge Drive, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home at 146 Southbridge Drive is a standout property in Winnipeg’s Niakwa Place neighbourhood, distinguished by its modern build, generous proportions, and premium valuation. Built in 2005, it is notably newer than most homes in the area and city-wide, placing it in the top 1-3% for its age locally. With 2,335 sqft of living space, it offers above-average roominess for the neighbourhood and ranks within the top 4% city-wide, appealing to those seeking substantial interior space without an overly massive footprint.
The primary appeal lies in its clear position as a premium, well-maintained property in an established area. Its assessed value of $914,000 ranks in the top 8% on its street and the top 2% in Niakwa Place, reflecting its desirability and quality. The nearly 8,000 sqft lot provides ample outdoor space, ranking above average both locally and across Winnipeg. A recent sale in late 2022 in the $1.05M-$1.1M range further confirms its high-market positioning.
This home would best suit buyers looking for a move-in-ready, modern property in a mature neighbourhood, who value space and a strong investment profile. It’s ideal for professionals or families seeking a established community feel without sacrificing the amenities and condition of a newer build. The data suggests it’s for a buyer who prioritizes long-term value and statistical outperformance relative to peers, rather than just the largest lot or house on the block.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is significantly higher than averages on its street and in Niakwa Place, placing it in the top 2-8%. This indicates it is a premium property within an already desirable area, likely due to its newer construction, size, and condition.
2. Is the lot size typical for the area?
At 7,915 sqft, the lot is slightly below the street average but remains above the average for both Niakwa Place and Winnipeg overall. It offers substantial yard space while being relatively efficient in its layout.
3. What does the 2005 build year mean for a buyer?
A 2005 construction means major components like the roof, windows, HVAC, and electrical systems are likely still in good condition with many years of service life remaining. This can offer significant peace of mind and reduce near-term capital repair budgets compared to older homes in the area.
4. The home sold recently in 2022. What does that indicate?
The relatively recent sale suggests the current condition and updates are well-documented from that transaction. It also provides a clear, modern benchmark for market value, showing strong appreciation from its previous assessed value.
5. Where does this property rank in terms of pure living space?
While its living area is around the average for Southbridge Drive, it ranks in the top 10% within Niakwa Place and the top 4% city-wide. This highlights that the home offers ample interior space compared to the broader market, even if it’s not the absolute largest on its specific block.