Property Overview: 50 Willow Point Road, Niakwa Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a specific value proposition centered on its generous lot and established location. Built in 1971, it is a slightly newer home compared to others on its street. The key characteristic is the balance between a modest 955 sqft living area and a substantial, nearly 7,000 sqft lot that is above average city-wide. This creates a scenario where the assessed value ($376k) sits around the average for the area, suggesting you are paying primarily for location and land rather than interior square footage.
Its appeal lies in the potential for outdoor space and privacy in the Niakwa Place neighbourhood. It would suit a buyer who prioritizes yard size over a large interior—perfect for gardening, pets, or future expansion—and is comfortable with a cozier, efficiently designed home. It’s also a practical match for first-time buyers or downsizers looking to enter an established area without the premium price of a larger modern house, accepting that some updates may be needed given the home's age.
A less obvious perspective is that this property’s below-average living area, when paired with an around-average assessed value, indicates the land itself holds significant worth. This can be appealing for those viewing real estate as a long-term land investment in a stable neighbourhood, with the existing house serving as a functional entry point.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
Built in 1971, the home is over 50 years old. While it is newer than many on its street, prospective buyers should budget for potential updates to major systems like roofing, plumbing, or windows, and should prioritize a thorough home inspection.
2. How does the lot size compare to typical city lots?
The 6,992 sqft lot is a standout feature. It ranks in the top 17% city-wide, meaning it is significantly larger than the average Winnipeg lot (approx. 6,570 sqft). This offers more private outdoor space than many properties.
3. Why is the living area considered below average?
At 955 sqft, the home’s living space is smaller than most comparable homes in Niakwa Place (avg. ~1,490 sqft) and across Winnipeg. This confirms the property is best for those who value space outside the home’s walls.
4. What does the sold price history indicate?
Records show the home sold in May 2023 for an estimated $400k-$450k. This recent sale price range aligns closely with the current $376k assessed value, suggesting stable market value in the area over the past two years.
5. How can I get the exact historical sold prices?
The website does not display exact MLS sold figures. To obtain the precise sale history and verified data, you must request it directly from the site via email, as noted in their data disclaimer.