Property Overview: 282 Southbridge Drive, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition rooted in its context. Built in 2002, it is a notably newer home within its established Niakwa Place neighbourhood, ranking in the top 3% for year built locally. With 1,824 sqft of living space, it offers above-average roominess for both the wider city and the area, though it is on the more modest side for its specific street of larger properties. The assessed value of $599k sits significantly above the Winnipeg average, yet is considered a mid-range value for the desirable Niakwa Place area, suggesting you are paying for location and community amenities.
Its primary appeal lies in this balance: acquiring a relatively modern home in a mature, sought-after neighbourhood without the premium price tag of the largest estates on the block. The lot size is generous by city standards, offering good outdoor space, while remaining manageable. It would suit move-up buyers or families seeking the stability and amenities of Niakwa Place but preferring a newer build with potentially lower immediate maintenance than much older stock. It’s also a sensible option for those who value space and location but see efficiency in a home that is not the largest on its street, where property taxes may be comparatively moderated.
Frequently Asked Questions
1. Is the assessed value an accurate reflection of the likely market price?
The assessed value ($599k) is a strong starting point, but market price is determined by current conditions. Notably, its assessed value ranks in the top 15% for Niakwa Place, indicating it is in a higher-value segment of an already desirable area.
2. How does the size of this home compare to others nearby?
It’s a study in contrasts. The home is above average in size for Winnipeg and the broader Niakwa Place area. However, Southbridge Drive itself features larger homes on average, so this property is one of the more compact on its specific street.
3. What does the sale history indicate?
The property last sold in April 2019 for between $500k-$550k. This historical data shows significant appreciation in assessed value since that time, highlighting market trends in the area.
4. Is the lot size typical for the neighbourhood?
Yes. At just over 7,000 sqft, the lot is slightly above average for the city and is very typical for Niakwa Place, offering a balanced yard space.
5. How can I get the exact historical sale prices instead of a range?
The site provides sold price ranges publicly. To obtain the exact historical sale figures, you must request a manual lookup via email from the service, as they do not display MLS data directly.