Property Overview: 149 Southbridge Drive, Winnipeg
Key Characteristics & Appeal
This home at 149 Southbridge Drive in Niakwa Place is a property defined by its strong city-wide positioning and comfortable family-scale. Built in 1996, it offers 2,302 sqft of living space on a 7,146 sqft lot. The appeal lies in its above-average size and lot compared to most of Winnipeg, ranking within the top 5% and 16% city-wide, respectively. This creates a sense of value and space that is increasingly rare in broader comparisons.
However, its context within the immediate Southbridge Drive street and the desirable Niakwa Place neighbourhood reveals a more nuanced story. Here, the home's assessed value is notably below the street average, which could signal an opportunity for a buyer in a premium area. It suits practical buyers looking for a well-sized family home in an established neighbourhood, who may see value in a property that is premium compared to the city but more accessible within its own sought-after enclave. It’s a home that offers more space than most in Winnipeg, but with the potential for updates common for its age.
Frequently Asked Questions
1. Why is the assessed value on Southbridge Drive below the street average?
This is not uncommon for a 30-year-old home on a street with many large, newer, or recently renovated properties. It often reflects the home's original condition and market positioning relative to its immediate neighbours, rather than an issue with the property itself.
2. How does the sold price from 2021 relate to today’s value?
The prior sale (CA$550k-600k in 2021) provides a historical benchmark, but market conditions have shifted. The current assessed value of $567k is a municipal valuation for tax purposes; the market value will be determined by current buyer demand, recent comparable sales, and the home's present condition.
3. Is the lot size a pro or a con?
The lot is above average city-wide, offering good outdoor space. On Southbridge Drive, it is around the average, meaning it fits the neighbourhood norm but isn't an exceptionally large parcel on the street. It provides ample yard space without the maintenance demands of the largest lots nearby.
4. What does the "Elite" city-wide ranking for living area mean practically?
It means this home offers more interior space than approximately 95% of homes across Winnipeg. For buyers comparing city-wide options, the square footage is a significant advantage, providing ample room for family living, home offices, or entertainment.
5. How can I get the exact historical sold prices for this home?
The precise sale figures are not displayed publicly on this site due to data licensing. You can request the exact sold price history by emailing the provided contact; they will manually look up the verified records and send them to you directly.