Property Overview: 14 Pawnee Bay, Niakwa Park, Winnipeg
Key Characteristics & Appeal
This home at 14 Pawnee Bay presents a distinct profile defined by its above-average valuation on a generous lot. Built in 1955, it is one of the older homes on its street, yet it holds an assessed value ($462,000) that ranks in the top 17% locally, suggesting it has been well-maintained, updated, or possesses intangible desirability factors. The living space (1,196 sq ft) is modest compared to immediate neighbours, but it sits on a larger-than-average city-wide lot of 6,500 sq ft, offering valuable outdoor space and potential.
The primary appeal lies in this combination: a premium valuation within a mature, established neighbourhood like Niakwa Park, coupled with a substantial lot that provides privacy, garden space, and future expansion possibilities. Its appeal is less about square footage and more about land value and location prestige. This property would suit a buyer who values lot size over interior size, is comfortable with a home from the 1950s (and any related maintenance or renovation projects), and is looking for a solid investment in a sought-after area. It’s a home for those who see potential in the land and the established character of the neighbourhood, rather than seeking a move-in-ready, maximized interior.
Frequently Asked Questions
1. Why is the assessed value so high relative to the home's size and age?
The assessed value is significantly above averages for the street, area, and city. This typically reflects factors like desirable location on the bay, major updates, premium finishes, or a highly sought-after lot configuration that isn't fully captured by raw square footage or year-built data.
2. How does the lot size compare practically?
At 6,500 sq ft, the lot is above average city-wide. This translates to more yard space, greater distance from neighbours, and more flexibility for additions, decks, or landscaping compared to many standard city lots.
3. What should I consider about a home built in 1955?
While the core structure is solid, prospective buyers should budget for potential updates to major aging components like plumbing, electrical, windows, and the roof. A thorough inspection is essential. The home's age also means its layout may differ from modern open-concept designs.
4. What do the past sale prices indicate?
The home sold previously in 2016 and 2022. The 2022 sale price ranked in the top 20% locally, confirming a consistent pattern of it commanding a premium price point in its market.
5. How can I verify the exact historical sale prices?
The site provides sold price ranges for privacy. To obtain the exact sale figures from public records, you can use the site's email request service for a manual lookup, as MLS data is not displayed here.