42 Cherokee Bay

Property Overview: 42 Cherokee Bay, Niakwa Park, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 42 Cherokee Bay is a classic, mid-century property built in 1956, situated on a generous lot of just under 6,000 sqft in the established Niakwa Park neighbourhood. With 1,196 sqft of living space, it offers a comfortable footprint that is very typical for its street and area. The assessed value of $417k is notably above the average for Cherokee Bay itself, suggesting the property may have features or a condition that sets it apart on its immediate block.

The appeal lies in its established neighbourhood setting and the value perspective it offers. While the home’s size is average for the area, its assessed value ranking higher on its own street indicates a solid standing among its closest peers. It suits a buyer looking for a character home in a mature community, who appreciates a larger lot for outdoor space and values the stability of an area where homes are of a similar vintage. It’s a practical choice for someone not needing a maximized square footage but who prioritizes location and lot size.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
The home last sold between $350k-$400k in early 2022. Its current assessed value of $417k is above the street average, but a professional appraisal and market analysis are needed to determine its present market value.

2. What should I consider about a home built in 1956?
While the construction year is typical for Niakwa Park, a 70-year-old home will likely have had major systems updated over time. A thorough inspection is crucial to understand the condition of the roof, plumbing, electrical, and foundation, and to identify any original features that may need modernization or repair.

3. The lot is smaller than the area average but larger than the city average. What does this mean?
At 5,999 sqft, the lot is very standard for Cherokee Bay and Niakwa Park. It provides ample backyard space for gardening or recreation, characteristic of the neighbourhood, but may not be as expansive as some larger lots in other parts of the city.

4. How can I get the exact historical sold price data?
The provided sold price is an estimated range from public records. For verified, exact sale figures and a full transaction history, you must request a manual lookup from the site via email, as they do not publish MLS data directly.

5. What does it mean that the assessed value ranks higher on the street than in the wider area?
This often indicates that the property is in good condition relative to its direct neighbours or may have desirable attributes specific to its lot. It’s a positive sign for its standing on the block, but the city-wide assessment is a broader benchmark for municipal tax purposes.