Property Overview
57 Cherwell Road is a well-established, compact bungalow in Winnipeg's Niakwa Place neighbourhood. Built in 1971, it offers 850 square feet of living space on a 3,520 square foot lot, with a municipal assessed value of $295,000. The home presents a practical, lower-maintenance footprint in a mature area.
Key Characteristics & Appeal
This property’s primary appeal lies in its efficiency and position as a relatively accessible entry point into a stable neighbourhood. With a living area and assessed value that are around average for its immediate street but below the averages for the larger Niakwa Place area and the city overall, it represents a more modest and affordable option within its community. The lot size follows a similar pattern, offering a manageable yard.
It would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-priced property with the potential to update. A thoughtful perspective is that its "below average" metrics for the area might actually be a benefit for the right buyer, offering lower property taxes and less space to maintain compared to many neighbouring homes, while still providing the location advantages of Niakwa Place.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $295k is for municipal tax purposes. The actual market price is determined by current conditions, the home's state, and buyer demand. It last sold between $250k-$300k in mid-2020.
2. Is the living space sufficient for a small family?
At 850 sq ft, the home is compact. It would be most suitable for a single person, a couple, or a very small family comfortable with efficient living spaces. It is significantly smaller than the average home in Niakwa Place (1,490 sq ft).
3. What are the implications of the home being built in 1971?
As a 55-year-old home, a thorough inspection is essential to understand the condition of major systems like roof, plumbing, wiring, and foundation. This age also suggests potential for renovations to modernize layouts and finishes.
4. How does the lot size compare, and what does it allow?
The 3,520 sq ft lot is manageable but smaller than many in the area. It allows for a modest backyard and garden but may not accommodate large additions or extensive outdoor amenities like a pool.
5. How can I get the exact historical sold price for this home?
The site provides sold price ranges for non-members. To obtain the exact sale history and figures, you must request a manual lookup via email from the service, as they do not display MLS sold records directly on the website.