Property Overview: 4-66 Willowlake Crescent, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This 1,326 sqft home, built in 2001, presents a compelling value proposition rooted in its context. Its primary appeal lies in being a well-sized, relatively modern home within a mature and established neighbourhood. While its living space is average for its immediate street and area, it stands out as above average compared to the typical Winnipeg home. The year built is a significant asset, ranking in the top 3% on its street, meaning it is one of the newest homes in the vicinity and likely requires less immediate major upkeep than older peers.
The assessed value of $329,000 tells a strategic story. It is notably below the average for both Willowlake Crescent and the wider Niakwa Place area, suggesting a potentially more accessible entry point into this neighbourhood. However, citywide, this value is above average, indicating you are acquiring a solid asset in a desirable location. This profile suits practical buyers looking for a balance: those who want a turn-key, modern build without a premium price tag for its specific area, and value-conscious purchasers who prioritize a sound, updated structure in a mature setting over a larger lot or the most prestigious street address. It’s a home that offers modern comforts within an established community framework.
Frequently Asked Questions
1. Why is the assessed value below the neighbourhood average?
This can be due to several standard factors, including the specific lot characteristics, the home's interior condition or layout compared to neighbours, or the timing of the assessment relative to recent renovations. It often represents a value opportunity within the area.
2. What does the "Elite" ranking for year built mean?
It means this home, built in 2001, is one of the very newest on its street (top 3%) and in Niakwa Place (top 2%). This typically implies newer major components like roofing, windows, and HVAC systems, potentially reducing near-term capital repair costs.
3. How current is the sold price data shown?
The last recorded sale was in September 2017. The price range shown is an estimate from publicly available data. For verified, exact historical sale figures, you must request a manual lookup via the provided email service.
4. Is the living area sufficient for a growing family?
At 1,326 sqft, it is above the city-wide average. It provides a functional space that is typical for the immediate area. Suitability depends on your specific family size and layout preferences, but it aligns with standard suburban family home sizes in Winnipeg.
5. How does this home’s value compare to the rest of Winnipeg?
City-wide, this home ranks in the top 23% by assessed value and top 18% by living area. This indicates you are getting more space and a higher valuation bracket than most Winnipeg properties, but within a neighbourhood where it is positioned as a more affordable option.