Property Overview: 10 Cherwell Road, Winnipeg
Key Characteristics & Appeal
This home at 10 Cherwell Road in Niakwa Place is a practical, mid-century bungalow built in 1973. With 872 square feet of living space and a generous, nearly 6,000-square-foot lot, it presents a specific value proposition. Its appeal lies in its position as a relatively affordable entry point into a mature neighbourhood. The assessed value of $341,000 is notably below the Niakwa Place area average, suggesting a potentially lower property tax burden and an opportunity for buyers priced out of larger homes in the area.
The home suits first-time buyers or downsizers seeking a manageable footprint on a sizable lot, offering room for gardening or future expansion. A thoughtful perspective is that while the living space is compact compared to area averages, the lot size is well above average for its immediate street, indicating the value is weighted more toward land than structure. It’s a property for those who prioritize location and lot potential over immediate move-in size, possibly appealing to a buyer comfortable with a renovation or addition over time.
Frequently Asked Questions
1. How does this home’s value compare to the neighbourhood?
The home’s assessed value is below the Niakwa Place average, ranking in the top 78% (meaning about 78% of area homes have a higher assessed value). This indicates it is a more affordable option within this neighbourhood.
2. Is the house smaller than others nearby?
Yes. With 872 sq ft, it is smaller than the average home in both Niakwa Place and Winnipeg overall. However, on its own street (Cherwell Road), it is closer to the average, suggesting the character of the immediate area includes more modestly sized homes.
3. What is the significance of the lot size?
At 5,990 sq ft, the lot is larger than most on its street and is a key feature. It provides ample outdoor space, which is less common in newer developments, and offers potential for landscaping, gardening, or future property enhancements.
4. When was it last sold, and for how much?
Public records indicate it was sold in September 2019. To protect privacy, exact sale prices are not displayed publicly, but it sold within the CA$250,000–$300,000 range. Verified exact figures can be requested directly from the site.
5. Are the sold price data and rankings from the MLS?
No. The sold price data comes from publicly available sources, not the MLS. The comparative rankings for size, value, year built, and lot size are calculated from this public assessment and sales data to provide context. For fully verified transaction history, a manual lookup can be requested.