1-120 Niakwa Road

Property Overview & Key Characteristics

This is a well-maintained, late-1970s property in Winnipeg's Alpine Place area. With 1,188 sqft of living space, it offers a practical footprint. Its standout feature is its exceptional location ranking, placing in the top 5% of its street and the top tier of its immediate neighbourhood, suggesting a particularly desirable pocket within the area.

The appeal lies in a combination of established community and value. The home is older but ranks above average for its age locally. It last sold in late 2023, providing a very recent market price point. The very low assessed value, while placing it in the top 6% city-wide for low taxes, indicates this is likely a condominium or similar titled property without direct land ownership, explaining the absence of basement, garage, and land area details.

This property would suit a first-time buyer, downsizer, or value-focused investor seeking a low-maintenance lifestyle in a highly regarded micro-location. It’s for someone who prioritizes community standing and cost-efficiency over a large, detached home with yard work.

Frequently Asked Questions

1. What type of property is this exactly?
Given the lack of land, basement, and garage data paired with a low assessed value, this is almost certainly a condominium-style property (like a townhouse or apartment unit) within the Alpine Place complex.

2. Why is the location ranking so high if the home itself is older?
The rankings compare it directly to its neighbours. Its top-tier street and neighbourhood rankings suggest the specific building or cluster it's in is considered more desirable than others nearby, possibly due to positioning, views, or building condition.

3. How can the assessed value be so much lower than the recent sale price?
The 2023 sale price reflects the full market value of the unit. The assessed value is typically for municipal tax purposes and, for condos, often reflects the value of the unit itself without the land, leading to a lower figure and consequently lower property taxes.

4. What does the "Sold 11/2023" price tell me?
It provides a concrete, recent benchmark for what the market valued this exact property at just a few months ago. This is a crucial data point for understanding current value and market activity in the complex.

5. Are the "Nearby" and "Similar" listings identical units?
The "Nearby" listings (e.g., 3-120, 8-120) are almost certainly other units within the same Alpine Place complex. The "Similar" listings by assessed value are from across Winnipeg and are only similar in their tax assessment bracket, not necessarily in style, size, or location.