Property Overview: 43 Fallbrook Bay, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home stands out for its exceptionally generous lot size of nearly a third of an acre (12,780 sq ft), placing it in the top 3% of properties city-wide. This is its most defining feature, offering rare potential for expansion, gardening, or private outdoor space in the city. Built in 1969, the 1,624 sq ft living area is comfortably above average for the immediate street and neighbourhood, suggesting a well-proportioned layout.
The appeal lies in a compelling combination of established location and significant land value. While the home itself is of a mature age, its assessed value ranks highly on its street, indicating the premium placed on the parcel itself. It suits a specific buyer: someone who values space and privacy over a brand-new build, and who may see potential in the existing structure or the possibility of a future renovation or addition, leveraging one of the larger lots in the area.
Frequently Asked Questions
1. How does the home’s age affect its condition and value?
Built in 1969, the property is part of Winnipeg’s established housing stock. While the age is average city-wide, it means buyers should budget for potential updates to major systems like roofing, plumbing, or windows. The value is strongly supported by the land, which often cushions the depreciation of the structure itself.
2. The assessed value seems high for the street but average for the area. Why?
The assessment reflects both the structure and the land. Its "Elite" ranking on Fallbrook Bay is likely due to its much larger lot compared to neighbours. In the broader Niakwa Place area, lot sizes are more varied, making its assessed value appear more average in that wider context.
3. What can the sold price history tell me?
Records show it last sold between $400k-$450k in August 2023. This recent sale provides a concrete market benchmark, suggesting the current assessed value is aligned with very recent market activity. The exact sold price is available upon request.
4. Is the large lot size typical for Niakwa Place?
No, it is not typical. The lot size is in the top 6% for the neighbourhood, meaning it is significantly larger than most properties in Niakwa Place. This is a key differentiator for this specific address.
5. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home without any projects, as a home of this age may require updates. It also may not appeal to those who prefer a low-maintenance yard, as a lot of this size requires more upkeep.