Property Overview: 1-66 Willowlake Crescent, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition rooted in its context. At 1,326 sqft, it offers above-average space for Winnipeg overall, though it is slightly more modest compared to its immediate neighbours in Niakwa Place. Built in 2001, it is one of the newest homes on its street and in the local area, suggesting potentially lower maintenance needs and more modern building standards than many nearby properties.
The primary appeal lies in its assessed value of $332k. While this is below average for Willowlake Crescent and Niakwa Place, it positions the home as a more accessible entry point into this established neighbourhood. City-wide, this value is above average, indicating you get more house for your dollar here than in many other parts of Winnipeg. The last known sale was between 2016-2021 in the $250k-$300k range.
This property would suit a practical buyer looking for a well-sized, relatively modern home in a mature neighbourhood without paying the premium typical for the immediate area. It’s ideal for first-time buyers or downsizers seeking space and newer construction, who are comfortable with a home that may be more humble in scope or valuation compared to its direct neighbours but stands out favourably in the broader market.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is. The assessed value is notably below the street and area averages, meaning you may acquire a newer home here for less than the typical cost in Niakwa Place, while still gaining the neighbourhood's benefits.
2. How does the living space compare?
The home is spacious by city-wide standards (top 18%) but slightly smaller than the average on its street. It offers ample room for a family or home office, but may not be the largest floor plan available in the immediate vicinity.
3. What does the "Elite" ranking for year built mean?
It means this home, built in 2001, is among the very newest (top 2-3%) on its street and in the Niakwa Place area. This is a significant advantage, potentially reducing near-term repair costs for major aging components like roofs or windows.
4. Why is the assessed value lower than neighbours'?
While the exact reasons aren't specified, a lower assessment can stem from a combination of factors including the home's specific size, layout, finishes, and lot characteristics compared to others. It doesn't necessarily reflect condition, especially given its newer build date.
5. How can I find out the exact past sale price?
The site provides sold price ranges for non-members. To obtain the exact historical sale figures, you must request a manual lookup via email from the site administrators, as they do not display MLS data directly.