Property Overview: 840 Southwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,520 sqft home on Southwood Avenue in Point Road presents a solid, above-average offering in several key metrics. Built in 1951, it sits on a 5,880 sqft lot, providing generous outdoor space that ranks well above the street average. Its primary appeal lies in its strong value proposition within its immediate context: both the living area and the $458k assessed value rank in the top 20% for Southwood Avenue itself, suggesting it stands out positively among its closest neighbors. This indicates a property that is likely well-maintained and proportionally valued for the street.
The home would suit practical buyers looking for established character and space in a mature neighborhood. It’s ideal for someone who values a larger-than-average lot on the street and appreciates a home that performs strongly in its micro-market, even if it’s slightly older than the citywide average. A thoughtful perspective is that this property may offer a "sweet spot"—it carries the stability and lot size of an older home while its above-average rankings suggest updates or conditions that have kept it competitive with newer builds in the area.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,520 sqft, the living area is notably larger than the average home on Southwood Avenue (1,212 sqft) and in the broader Point Road neighborhood (1,311 sqft).
2. Is the assessed value high for the area?
The $458k assessment is above average for the street ($384.2k avg) and the neighborhood ($399k avg), placing it in the top 16% of Point Road. This typically reflects the property’s condition, size, and market position.
3. The home was built in 1951. Is that older than most in Winnipeg?
Yes, it is older than the average Winnipeg home (built ~1966). However, it is actually slightly newer than the average for the Point Road neighborhood (~1947), so it fits the character of this specific area.
4. What was the last sold price?
Public records indicate it sold between $350k-$400k in October 2016. For verified, exact historical sale figures, you can request a manual lookup via email from the site.
5. How does the lot size compare?
The 5,880 sqft lot is above average for Southwood Avenue, providing more outdoor space than most direct neighbors. It is close to the average for the wider Point Road area.