Property Overview
16 Fallbrook Bay is a well-established home in Winnipeg's Niakwa Place neighbourhood. Built in 1968, it sits on a generous 7,086 sqft lot, which is notably larger than many lots both on its street and across the city. The 1,184 sqft living area is typical for the immediate area but modest compared to broader city averages. With an assessed value of $407,000, it positions itself above average for its street, suggesting a premium for its specific location and lot size within the area.
The appeal lies in its established setting and land value. The lot is a significant asset, offering ample outdoor space and potential in a neighbourhood where such large parcels are less common. It suits a buyer who values a spacious yard over a large interior footprint, and who is comfortable with a home from the late 1960s, likely anticipating some updates or renovations. It’s a practical choice for those seeking a grounded investment in a mature area, where the land itself may hold as much value as the structure.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold between $350,000-$400,000 in 2017. The current $407,000 assessment is higher, which may reflect market changes, municipal valuation methods, or improvements. It’s wise to request the exact sale history for a clearer picture.
2. Is the lot size a major advantage?
Yes. The lot is in the top 13% on its street and top 16% city-wide for size. This is a less obvious but valuable feature, offering more privacy, landscaping potential, and future flexibility than many modern lots.
3. The home is older than most on the street. Should I be concerned?
The 1968 build date is below average for Niakwa Place. This doesn’t inherently indicate condition, but it suggests a thorough inspection is crucial. It may also mean some major systems, like plumbing or electrical, could be nearing or past their typical lifespan.
4. Who are the typical neighbours?
The property is surrounded by other homes from the late 1960s and early 1970s, indicating a stable, mature community. The similar assessed values of nearby homes suggest a consistent economic profile in the area.
5. How can I verify the exact past sale price?
The public data shows a price range. For the precise figure and full transaction history, you must request a manual lookup from the site via email, as they do not have access to MLS sale records.