Property Overview: 8 Pawnee Bay, Niakwa Park, Winnipeg
Key Characteristics & Appeal
This home at 8 Pawnee Bay is a classic, mid-century Niakwa Park property built in 1956. With 1,240 sqft of living space, it sits comfortably within the average range for the street, neighbourhood, and city, indicating a practical and familiar layout for the area. Its assessed value of $416,000 is modestly above the citywide average, reflecting the desirability of the Niakwa Park location.
The primary appeal lies in its generous 6,500 sqft lot, which ranks above average both for the neighbourhood and citywide. This offers significant outdoor space—a relative rarity—providing room for gardening, recreation, or future expansion. The home’s historical sales data suggests it has been a stable investment, with its last sale price in 2017 ranking well above average for the area at the time.
This property would suit a buyer looking for a established, character neighbourhood with larger lot sizes. It’s ideal for someone who values outdoor space over a sprawling interior and is comfortable with a home from the 1950s, likely appreciating its potential for updates. It represents a solid entry into a sought-after community, offering more land than many modern counterparts, which could appeal to long-term planners, families, or those with a vision for gradual renovation.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value ($416k) is for municipal tax purposes and is typically below market value. The last sold price (2017) was in the $300k-$350k range, but market conditions have changed significantly since then. A current market evaluation is essential.
2. What should I consider with a 1956-built home?
While the structure is from a sturdy era, key systems like plumbing, electrical, insulation, and the roof may be at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and plan for any necessary updates or repairs.
3. What are the advantages of the larger lot?
Beyond simple outdoor space, a 6,500 sqft lot in Niakwa Park offers flexibility. It provides better privacy from neighbours, potential for additions like a garage or sunroom, and could be a key value-driver as smaller lots become more common in new developments.
4. How does this home compare to others on the street?
The data shows this home is very typical for Pawnee Bay. Its living area, age, and value are all around the street average. Its lot size, however, is slightly below the street average but remains larger than most city lots. You’re buying into a consistent, established streetscape.
5. Where can I get verified historical sale data?
The site notes that due to industry rules, exact MLS sale records are not displayed. They offer a manual lookup service where you can request the full transaction history and exact sold prices via email, which they will provide without using your contact for marketing.