19 Cherokee Bay

Property Overview

19 Cherokee Bay is a well-established home in Winnipeg's Niakwa Park neighbourhood. Built in 1955, it offers 1,231 square feet of living space on a notably generous 7,564 square foot lot. The home’s assessed value of $450k positions it above average for its immediate street and wider area, suggesting a property that holds its value well within its peer group.

Key Characteristics & Appeal

The primary appeal of this property lies in its balance of space and established location. The living area is typical for homes of its era in Niakwa Park, but it is the land size that stands out—the lot is consistently in the top 16% when compared to similar homes on its street, in the area, and across the city. This offers significant outdoor space and potential, which is a growing priority for many buyers.

Its assessed value is a key strength, ranking in the top 11% on its own street. This indicates it is viewed as a higher-value asset in its direct vicinity, which can be appealing for long-term investment. The home suits buyers looking for a solid, single-family property in a mature neighbourhood. It would particularly fit those who value a larger yard over a maximized interior footprint, such as families seeking play space, gardeners, or anyone interested in future expansion possibilities. Its above-average valuation for the area suggests it may already have updates or attributes not captured in the basic metrics, making it a candidate for buyers wanting a move-in-ready home in this price bracket.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $450k is for municipal tax purposes and is often different from market value. However, its ranking in the top 11% on its street indicates it is considered a premium property in its immediate context, which can influence buyer perception and final sale price.

2. What does the lot size mean for me practically?
At 7,564 sq. ft., the lot is larger than approximately 84% of comparable city-wide properties. This translates to more private outdoor space, room for additions like a shed or deck, and potentially fewer space constraints than neighbours with smaller lots.

3. The home was built in 1955. What should I consider?
While the build year is typical for Niakwa Park, a home of this age will likely have had major systems updated. A key question is the maintenance and replacement history of the roof, wiring, plumbing, and windows. Its above-average assessed value may reflect some of these updates.

4. The home sold recently in 2021 and 2023. What does that indicate?
The recent sales activity suggests the property may have been updated or used as an investment. It’s important to understand the nature of those sales (e.g., was it flipped, rented, or simply a short-term hold?) and to investigate any renovations done during that period for quality and permits.

5. How does this home fit within the Niakwa Park neighbourhood?
The data shows this home is very aligned with the neighbourhood for living space and age. Its standout features are its lot size and assessed value, which are above the area averages. This positions it as a solid, potentially premium offering within this specific community.