Property Overview: 23 Culloden Road, Niakwa Place, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1,012 sqft bungalow, built in 1979, sits on a 3,084 sqft lot in Winnipeg's Niakwa Place neighborhood. Its key characteristic is one of contrast: while its living space is modest and below the area average, its assessed value of $312,000 is notably reasonable for the street and sits around the city-wide average. This creates a specific value proposition. The home’s appeal lies in its efficiency and location within a well-established neighborhood. It represents an opportunity for entry into a stable area without the premium price tag often associated with larger homes on bigger lots nearby.
The property would best suit practical, value-conscious buyers. This includes first-time homeowners looking for a manageable footprint without overextending financially, or downsizers seeking a cozy, low-maintenance property in a mature community. It’s less suited for those prioritizing expansive indoor living space or a large private yard, as both the home and lot size are compact compared to many in the broader area. A thoughtful perspective is that this home’s value is anchored more in its desirable Niakwa Place address and its relative affordability on its own street than in its square footage, making it a strategic purchase for location over size.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 1,012 sqft, the living area is the smallest among the 16 homes on Culloden Road and is below the average for both the Niakwa Place neighborhood and the city of Winnipeg. This indicates a compact, efficient layout.
2. Is the assessed value considered high for this property?
The $312,000 assessment is around the average for Culloden Road itself and city-wide, but it is below the average assessed value for the larger Niakwa Place area. This suggests the price reflects the home's more modest size within a generally higher-value neighborhood.
3. How does the lot size compare?
The 3,084 sqft lot is typical for Culloden Road but is significantly smaller than the average lot in Niakwa Place and across Winnipeg. Expect a yard that is functional but not expansive.
4. What is the historical sales context?
Records indicate the home sold between $300,000 and $350,000 in October 2021. This past sale price aligns closely with its current assessed value.
5. Where can I get verified sale price data for this home?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact sales history by email, and the team will provide the verified figures manually.