7 Fallbrook Bay

Property Overview: 7 Fallbrook Bay, Niakwa Place, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-family home built in 1969, situated on a generous 6,374 sqft lot in the Niakwa Place neighbourhood. The data reveals a property of interesting contrasts. While its 968 sqft living area is notably below average for both the street and the wider city, its assessed value of $407k ranks above average on its street. This suggests the value is driven by factors beyond pure square footage, such as its desirable lot size, which is above average city-wide, and its specific location on Fallbrook Bay.

The home’s appeal lies in its established setting and land potential. It suits a buyer looking for a solid footprint in a mature neighbourhood without the premium for a large, modern house. It could be ideal for downsizers seeking manageable indoor space with ample outdoor room, or for value-conscious buyers or renovators who see potential in expanding the living area relative to the lot size. The fact it’s one of the newer homes on its specific street (ranking in the top 4%) is a less obvious advantage, potentially indicating slightly updated infrastructure compared to immediate neighbours.

Frequently Asked Questions

1. Why is the assessed value relatively high when the house is below average in size?
The assessed value reflects more than just living area. It accounts for the above-average city-wide lot size, the specific location on Fallbrook Bay, and the overall desirability of the Niakwa Place neighbourhood. Value is often tied to land and location, which this property has.

2. What does the sold price history tell me?
The home sold in July 2023 for an estimated $400k-$450k, a price that ranked in the top 8% for its street at that time. This recent sale supports the current assessed value and indicates strong demand for properties on this bay.

3. How does the lot size compare, and what does it offer?
At 6,374 sqft, the lot is larger than the typical Winnipeg lot. This provides ample space for gardening, outdoor recreation, or potential future additions like a deck, garage, or even a home expansion, subject to zoning.

4. Is the 1969 build date a concern?
While the home is 57 years old, it is actually one of the newer homes on Fallbrook Bay. This suggests it may have benefited from construction standards or updates from that era not found in older neighbouring homes. A thorough inspection is always recommended to understand the condition of major systems.

5. How can I find out the exact past sold prices?
Due to industry regulations, exact sold prices are not published directly on the site. You can request the full transaction history and exact figures by emailing the site administrators, who will provide a manual lookup.