Property Overview: 29 Iroquois Bay, Niakwa Park
Key Characteristics & Appeal
This home at 29 Iroquois Bay is a classic, mid-century bungalow built in 1957, situated on a generous, flat lot of just under 6,000 sqft in the established Niakwa Park neighborhood. With 1,147 sqft of living space, it offers a more compact footprint compared to some neighbors, presenting a manageable scale for everyday living and maintenance. The assessed value of $401k aligns closely with averages for the street, area, and wider city, indicating a fairly priced entry point into a desirable area.
The appeal lies in its location and lot. Niakwa Park is known for its mature trees, quiet streets, and strong community feel. This property offers a solid foundation in a neighborhood that often sees less turnover. It would suit a first-time buyer looking for a character home with renovation potential, a downsizer seeking a single-level layout on a sizable lot without excessive square footage, or an investor interested in a well-located property with long-term value in a stable market. A thoughtful perspective is that while the home's size is below the immediate area's average, this can mean lower utility costs and property taxes relative to larger homes on the street, offering efficiency without sacrificing the premium lot size and location.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,147 sqft, the living area is somewhat smaller than the average for both Iroquois Bay and Niakwa Park. This suggests a cozier, more efficient layout compared to many neighboring homes, which often range closer to 1,300 sqft.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $401k is very close to the local and city-wide averages for comparable homes. While the final sale price is determined by the market, this assessment indicates the home is not an outlier and is positioned within a standard range for the area.
3. What does the sold price data from late 2023 indicate?
The home sold for an estimated $450k-$500k in December 2023. This recent transaction provides a concrete benchmark for its market value at that time, showing activity and demand for homes on this street.
4. As a home built in 1957, what should I consider?
Built in the late 1950s, the home is of an age where core systems like plumbing, electrical, and the roof may be due for updates or have been partially updated over time. A thorough inspection is recommended to understand the condition and any potential investments needed for modernization.
5. How does the lot size compare?
The 5,999 sqft lot is slightly below the street average but remains a very substantial size for the city overall. It offers ample outdoor space for gardening, recreation, or potential expansion, which is a key feature of properties in this neighborhood.