Property Overview: 158 Southbridge Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Southbridge Drive in Niakwa Place is defined by its substantial scale and premium positioning. Its primary appeal lies in offering exceptional space on a very large lot, creating a rare combination within the city. The 3,700 sqft living area places it in the top 1% of homes citywide and the top 7% on its own street, indicating a residence built for extended family living, dedicated home offices, or generous entertainment spaces. The nearly 16,000 sqft lot is even more distinctive, ranking in the top 3% in the area, offering unparalleled outdoor potential for gardens, pools, or simply expansive private grounds.
With an assessed value of $1.06 million, it sits firmly in the elite tier of the market, ranking in the top 5% locally and top 1% citywide. A thoughtful perspective is that while the home was built in 1996 (newer than most city homes but slightly older than its immediate neighbours), it represents a established, high-quality construction era on a prime lot—a combination that is increasingly difficult to find. This property would best suit buyers for whom space and land are the highest priorities, such as multi-generational families, those seeking a property with room for future expansion or extensive landscaping, and discerning buyers looking for a home with immediate equity and a standout position in the marketplace.
Section 2: Frequently Asked Questions
1. How does the home’s age compare to others?
Built in 1996, the home is newer than the vast majority of Winnipeg homes (top 19% citywide). On its own street of newer properties, it is slightly older than the average, suggesting a mature, established setting.
2. What does the assessed value tell us?
The $1.06 million assessment is a strong indicator of the property’s official market value for tax purposes, placing it in the top 1% of all Winnipeg homes. This reflects its combination of large living area, massive lot size, and desirable location.
3. How accurate is the previous sold price shown?
The listed sale from August 2019 (in the $750k-$800k range) is based on publicly available data. For fully verified and exact historical sale figures, a manual lookup via the site’s email request service is recommended.
4. Is the lot size truly unusual?
Yes. At 15,930 sqft, the lot is exceptionally large, ranking in the top 3% for the Niakwa Place area. It is nearly double the average lot size on Southbridge Drive itself, which is already above average.
5. Who would this property not suit?
Given its scale, premium value, and substantial lot maintenance, it may not be the best fit for first-time buyers, those seeking a low-maintenance or lock-and-leave lifestyle, or buyers with a strict budget near the city’s average home price.