Property Overview
31 Mohawk Bay is a well-established home in Niakwa Park, built in 1955. Its standout feature is its significant assessed value of $509k, which ranks in the top 5% on its street and top 3% within the neighbourhood, indicating it is a premium property for the area. The living space of 1,506 sq ft is comfortably above average for both the street and wider community. The lot size is generous at over 6,400 sq ft, providing ample outdoor space. Recent sales data shows strong appreciation, with the home selling for between $550k-$600k in mid-2024, a notable increase from its 2016 sale price.
Key Characteristics, Appeal & Ideal Buyer
The primary appeal of this property lies in its combination of above-average size and elite valuation within a desirable, mature neighbourhood like Niakwa Park. It’s not just a larger home; it’s a home that has been valued and sold at a tier significantly above its local peers, suggesting superior finishes, updates, or a prime lot placement. The generous lot offers potential for gardening, expansion, or simply more private outdoor living.
This home would best suit buyers looking for a move-in ready property in a stable neighbourhood who value space and established character over a brand-new build. It’s ideal for someone who appreciates data-driven value—the numbers clearly show this home outperforms most comparable properties in its market. It would also appeal to buyers who see the value in a home that has already undergone substantial modernization, as reflected in its assessment and sale price.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighbourhood average?
An assessed value in the elite tier for the area typically indicates major renovations, high-quality upgrades, or exceptional property conditions that have been formally recognized. It suggests the home has been significantly improved beyond the standard for its vintage.
2. What does the sold price range tell us about the market?
The home sold for between $550,000 and $600,000 in July 2024, which is well above its 2016 sale price of $300,000-$350,000. This indicates strong appreciation and consistent buyer demand for premium, well-positioned properties in Niakwa Park.
3. Is a 1955-built home a concern?
While the age is average for the street, the high assessment and recent sale price strongly imply that critical systems (like roof, wiring, plumbing, or windows) have likely been updated. A thorough inspection is always recommended, but the data suggests this is not a typical "original" 1950s home.
4. How does the lot size compare?
At 6,412 sq ft, the lot is above average city-wide and about average for Niakwa Park. This provides a substantial yard for a city property, offering privacy and space that is harder to find in newer subdivisions.
5. How can I get the exact sold price?
The exact sold price is not publicly displayed due to industry regulations. You can request the precise figure by emailing the site via the "Request exact figures by email" button. They will provide the information manually, typically by the end of the same business day.