Property Overview: 47 Culloden Road, Winnipeg
Key Characteristics & Appeal
This 1,200 sqft bungalow, built in 1979, presents a compelling value proposition within the Niakwa Place neighbourhood. Its primary appeal lies in its efficient use of space and its position as a relatively newer home on its street. The living area is above average for Culloden Road, suggesting a well-sized home for the immediate area. With an assessed value of $295,000, it sits significantly below the average for both Niakwa Place and Winnipeg overall, indicating a potentially more accessible entry point into a established neighbourhood.
The property suits practical buyers looking for a manageable, single-story home without a large yard to maintain, as the lot size is notably smaller than area norms. It would also appeal to value-conscious purchasers who prioritize being in a specific community over having a large lot, and to those who see opportunity in a home that is newer than many of its direct neighbours. A less obvious perspective is that its below-average lot size could mean lower maintenance costs and property taxes relative to the neighbourhood, a trade-off some buyers may prefer.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold twice in recent years (2021 and 2024), with the sold price ranking improving from the 70th to the 48th percentile for the Niakwa Place area between those sales. This suggests rising market recognition, but the assessed value remains in a lower percentile, highlighting a potential gap between market price and the city's assessment.
2. What does "below average" for lot size in Niakwa Place practically mean?
The lot is approximately 3,159 sqft, which is typical for its street but is less than half the Niakwa Place area average (~7,173 sqft). This means smaller outdoor space, which could be a limitation for those wanting extensive gardening or recreation, but also translates to less yard work.
3. Is the assessed value a reliable indicator of the listing or sale price?
Not necessarily. The assessed value is for municipal tax purposes. The home's assessed value is below 90% of homes in Niakwa Place, yet its recent sale price was closer to the area median. Market conditions, updates, and buyer demand often lead to sale prices that differ from the assessed value.
4. What are the implications of the home being "newer" than many on the street?
Built in 1979, it is the newest among the 16 homes on Culloden Road. This can be an advantage, potentially meaning updates to building materials, wiring, or plumbing standards from the 1970s compared to older homes, though a full inspection is still essential.
5. How can I get the exact historical sold prices for this property?
The site does not display exact sold prices due to data source restrictions. You must request them directly via email, and the team will provide the figures through a manual lookup, typically by the end of the same business day.