Property Overview: 2 Cherokee Bay, Niakwa Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 2 Cherokee Bay is a classic 1955 bungalow in the established Niakwa Park neighbourhood. Its key appeal lies in a combination of space and value. With 1,248 sqft of living area, the house is notably larger than many on its street. More significantly, it sits on a 6,498 sqft lot, which is above average for both the street and the city overall, offering substantial outdoor space for gardens, play, or expansion.
The property’s assessed value of $364k is below the average for both Cherokee Bay and Niakwa Park, suggesting a potentially attractive entry point into the area. This creates an interesting dynamic: you’re acquiring a larger-than-average lot and home for a below-average price within the immediate locale. This profile suits practical buyers looking for space and value in a mature neighbourhood. It would appeal to those comfortable with a home from the 1950s, possibly seeking a property with renovation potential, or first-time buyers prioritizing lot size over a modern build. The data indicates it’s a property where the land itself may be a primary asset.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value mean?
It means the city’s assessment for this property is lower than the average assessment for similar homes on its street and in Niakwa Park. This can sometimes indicate a value opportunity, but it’s essential to view the home in person to understand its current condition and how it compares to neighbours.
2. How does the lot size compare?
The lot is a standout feature. At 6,498 sqft, it ranks in the top 26% on Cherokee Bay and the top 22% city-wide, meaning it’s significantly larger than many Winnipeg lots.
3. The home last sold in 2019. Can I find out the exact price?
The site provides a sold price range from 2019 ($250k-$300k). To receive the exact, verified sold price and history, you must request it via email from the service, as they manually look up this data outside of the MLS system.
4. Is a 1955 home a concern?
The year built is typical for Niakwa Park. While the structure is mature, the home’s age is around the neighbourhood and city average. A thorough inspection is always recommended to understand the condition of major systems like roof, wiring, and plumbing.
5. How does the living space compare to nearby homes?
At 1,248 sqft, the living area is above the street average. It is comfortably sized compared to the Niakwa Park average and slightly below the city-wide average, fitting the profile of a spacious bungalow for its immediate area.