Property Overview: 37 Cherokee Bay, Niakwa Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 37 Cherokee Bay is a classic, mid-century property built in 1955, situated on a generous 6,000 sqft lot in the established Niakwa Park neighbourhood. Its key appeal lies in its strong positional value within a desirable area. While the 1,202 sqft living space is comfortably average for the street and city, the property’s assessed value of $426k ranks notably above average for both the immediate street (top 21%) and the wider Niakwa Park area (top 28%). This suggests the home is perceived as a premium offering within its local context, potentially due to factors like lot placement, condition, or specific upgrades not detailed in the raw metrics.
The home would suit buyers looking for a solid, no-surprises investment in a mature neighbourhood. It’s ideal for someone who values a larger lot for gardening or outdoor space, and who appreciates the character and stability of a well-kept post-war community. A thoughtful perspective for a buyer is to consider that its "above-average" assessment for the area could signal either a well-maintained home with updates, or simply a strong baseline for future equity growth in a consistent neighbourhood. Its last known sale was between 2016-2025 in the $250k-$300k range, indicating significant appreciation.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value really mean for this home?
It means that, compared to similar homes on its street and in Niakwa Park, this property has a higher municipal assessment. This often reflects desirable attributes, but it's wise to verify what specific features (like renovations, a premium lot, or additions) are driving that value.
2. Is the living space sufficient for a growing family?
At 1,202 sqft, the living area is typical for homes of its era in Winnipeg. It provides functional space for a small to medium-sized family, but those needing extensive room for growth may want to consider the potential for expansion, given the sizable lot.
3. How does the lot size compare, and what are the implications?
The 6,004 sqft lot is slightly below the street average but still ranks in the top third city-wide. It offers ample private outdoor space, which is a valuable and increasingly rare asset, providing room for recreation, gardening, or future projects like a deck or shed.
4. As a 1955 build, what should I be mindful of?
Homes from this period may have original systems (like plumbing, electrical, or insulation) that require inspection or updating. However, a well-maintained home from this era often features solid construction and a practical layout. A thorough home inspection is essential.
5. How can I find out the exact historical sale prices?
The provided sold price data is an estimated range from public records. To obtain the exact, verified sale history and figures, you must request a manual lookup via the email service offered on the listing page, as this site does not display proprietary MLS transaction data.