Property Overview: 274 Southbridge Drive, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home at 274 Southbridge Drive is a well-positioned property in Winnipeg's Niakwa Place neighbourhood. Built in 2003, it is a notably newer construction compared to most homes in the area, ranking in the top 2% for its year built locally. With 2,048 sqft of living space, it offers above-average roominess for both the city and the neighbourhood, though it is slightly more modest than some larger homes on its own street.
The property’s appeal lies in its balanced offering. It sits on a 7,040 sqft lot, which is spacious by city-wide standards but provides a more manageable yard size within its immediate area. The assessed value of $614,000 positions it as a premium property city-wide and in Niakwa Place, yet it presents a relative value opportunity on Southbridge Drive itself, where average values are higher. This creates an interesting dynamic: you're acquiring a modern home in an established, desirable neighbourhood, potentially without the peak price tag of its direct neighbours.
This home would suit buyers looking for a move-in ready, modern property without needing a major renovation. It’s ideal for those who value space and a newer build but may prefer a yard that doesn’t require excessive upkeep. It could appeal to both growing families and professionals seeking a established community with above-average amenities and convenience.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
The home’s assessed value is below the average for Southbridge Drive, where comparable homes average about $697,200. This suggests it may offer relative value within a sought-after enclave of the neighbourhood.
2. Is the house considered large for Winnipeg?
Yes. With 2,048 sqft of living area, it ranks in the top 10% of homes city-wide by size, placing it well above the Winnipeg average of approximately 1,342 sqft.
3. What does the "Elite" ranking for Year Built in Niakwa Place mean?
Ranking in the top 2% for year built locally means this 2003-built home is significantly newer than almost all other homes in Niakwa Place, where the average comparable home was built around 1976. This typically implies modern construction standards, systems, and likely less immediate need for major updates.
4. How current is the sold price data shown?
The listed sold price from February 2019 is based on publicly available data. For fully verified, exact transaction history and the most recent sale figures, you must request a manual lookup via email, as the site does not display MLS records.
5. The lot size is noted as "below average" for the street. Should I be concerned?
This depends on your priorities. At 7,040 sqft, the lot is still larger than the average Winnipeg lot and is about average for Niakwa Place. It is smaller than the average lot on Southbridge Drive (8,665 sqft), which may mean less backyard maintenance but potentially less privacy or space for large additions compared to some immediate neighbours.