Property Overview
99 Fallbrook Bay is a well-established home in Winnipeg's Niakwa Place neighbourhood. Built in 1969, it sits on a generous 6,499 sqft lot and offers 1,040 sqft of living space. With an assessed value of $329k, it presents a distinct value profile within its immediate area.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of space and value. The lot size is notably above the city-wide average, offering ample outdoor potential in a mature neighbourhood. While the living area is modest compared to some larger modern homes, it represents a manageable footprint. The assessed value is significantly below the averages for both its street and neighbourhood, suggesting a potentially lower property tax burden and an entry point into a stable area.
It would suit practical, value-conscious buyers such as first-time homeowners, downsizers seeking a manageable property with a good-sized yard, or investors looking for a solid rental property in a established community. A thoughtful perspective is that this property, being one of the newer builds on its street (ranked 2nd newest of 45), may have fewer immediate age-related concerns than some neighbours, which is a subtle advantage in an older neighbourhood.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not necessarily. The assessed value of $329k is for municipal tax purposes. Market conditions, the home’s interior condition, and buyer demand will ultimately determine the sale price. Its value is below area averages, which can be attractive, but a professional appraisal or comparative market analysis is recommended.
2. How does the lot size compare to a typical Winnipeg property?
The 6,499 sqft lot is a standout feature, ranking in the top 22% city-wide. This is significantly larger than the city average of ~6,570 sqft, offering more private outdoor space than many properties.
3. The home was last sold in late 2020. What does that history suggest?
The sale between $250k-$300k in late 2020 provides a recent benchmark. Market changes since then mean the current value will differ, but it indicates a history of steady ownership and can be a useful data point for understanding the property’s trajectory.
4. What does it mean that the living area is "below average" for Niakwa Place?
The neighbourhood average living area is about 1,490 sqft. At 1,040 sqft, this home is more compact. This translates to lower heating and maintenance costs, but may mean less interior space than some other homes in the area. It emphasizes efficient use of space.
5. How can I get the exact historical sale prices for this property?
The site provides sold price ranges for general research. To obtain verified, exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.