Property Overview: 22 Pine Bluff Road, Niakwa Place, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1,176 sqft bungalow, built in 1969, sits on a 6,379 sqft lot in Winnipeg's Niakwa Place neighborhood. Its key characteristic is a notable value position within its immediate area. With an assessed value of $356k, it ranks in the top 94% on its street (meaning it's one of the most affordable homes on Pine Bluff Road) and well below the area average. This creates a compelling entry point into a established neighborhood. The home itself offers a functional living space that is modest compared to some neighbors but aligns more closely with city-wide averages.
The appeal lies in its potential as a strategic purchase. For the price-conscious buyer, it represents a chance to secure a solid lot size in a mature area without the premium of a larger or fully renovated home. A less obvious perspective is that its 1969 build date makes it the newest home on its street, which could suggest more modern construction standards for its era compared to immediate neighbors. It suits first-time buyers, downsizers, or investors looking for a property with redevelopment or renovation potential, where the value is anchored more in the land and location than in the current structure.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $400k-$450k in June 2024, which is above its $356k assessed value. This is common, as assessed values for tax purposes often differ from market value. The sale price placed it in the top third for value in its area at the time.
2. Is the living space small for the neighborhood?
At 1,176 sqft, it is below the average for Pine Bluff Road but closer to the average for Winnipeg as a whole. It is a comfortably sized bungalow, but buyers seeking above-average interior space for the specific street may find it compact.
3. What does the "newest on the street" status (1969) actually mean?
While still a 57-year-old home, this indicates it was built later than every other comparable home on Pine Bluff Road. In practical terms, this might mean building materials, electrical, or plumbing systems are from a slightly more modern standard than those in homes built just a few years earlier in the 1960s.
4. How does the lot size compare?
The lot is just under a quarter-acre and is above average compared to lots across the entire city. On its street and in Niakwa Place, it is very close to the average, offering typical outdoor space for the area.
5. Where can I see verified sale history and exact figures?
The site notes that exact sold prices and full transaction histories are not displayed publicly due to industry rules. You can request this information directly via email from the site provider, who will manually look up and send the verified data.