Property Overview: 58 Gleneagles Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home at 58 Gleneagles Road is a 1,002 sqft bungalow built in 1971, situated on a 5,578 sqft lot in the Niakwa Place neighbourhood. Its assessed value is $347,000. The appeal of this property lies in its position as a relatively affordable entry point into a established neighbourhood. While its living space and lot size are below the averages for its immediate street and area, this is reflected in its value, which sits below area benchmarks but closer to the citywide average. The home is older than many on its street, suggesting it may be one of the original builds in that section.
This property would suit first-time buyers or downsizers seeking a lower-maintenance bungalow layout without a premium lot size. It’s a practical choice for someone prioritizing location and neighbourhood character over square footage, and who sees potential in a home that may benefit from updates. A thoughtful perspective is that a smaller, efficiently designed lot can mean less yard work and lower exterior maintenance costs, which can be a hidden benefit for certain lifestyles.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of $347,000 is below the average for both Gleneagles Road ($393.2k) and the wider Niakwa Place area ($446.8k), but is very close to the Winnipeg citywide average for comparable homes ($390.1k). This suggests it offers a value-oriented opportunity within its specific neighbourhood.
2. Is the lot size a disadvantage?
At 5,578 sqft, the lot is smaller than most on the street and in the area. For buyers wanting extensive gardens, large outdoor entertainment spaces, or future additions, it may be limiting. However, for those seeking easier upkeep or a more compact yard, it can be a manageable and efficient space.
3. What does the sale history indicate?
Records show it last sold between $300,000 and $350,000 in July 2019. This past price range aligns closely with its current assessed value, indicating a stable valuation history over the last several years.
4. The home was built in 1971. What should I consider?
A home of this age will likely have had some systems updated over time. A key consideration for a buyer would be the condition and age of major components like the roof, windows, heating system, and plumbing. Its older-than-street-average build year could mean it retains original character but requires a thorough inspection.
5. How can I get more precise historical sale data for this property?
The provided sold price is an estimated range. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry rules. They state this service is free and they will not use your email for marketing.