Property Overview: 45 Pine Bluff Road, Niakwa Place
Key Characteristics & Appeal
This home, built in 1968, presents a distinct value proposition centered on its generous 7,952 sqft lot, which is notably larger than most in the neighbourhood and across Winnipeg. The living space is a modest 1,078 sqft, making the house itself more compact than many nearby, but this is balanced by an assessed value that is very much in line with local and city-wide averages. The data suggests a property where the land itself is a primary asset.
Its appeal lies in offering established neighbourhood character with significant outdoor space, ideal for gardening, expansion, or simply enjoying a larger private yard. It would suit practical buyers—such as downsizers seeking less interior maintenance but who still value a spacious garden, or value-oriented investors and renovators who see potential in the sizable lot relative to the average assessment. It’s a property for those who prioritize land over square footage and are comfortable with a home that may require updates reflective of its era.
Frequently Asked Questions
1. Is the house in good condition given its age?
The home was built in 1968. As with any property of this age, condition is dependent on maintenance and updates over time. A professional inspection is strongly recommended to evaluate the roof, foundation, electrical, plumbing, and other key systems.
2. How does the lot size compare to others?
The lot is a significant feature. At nearly 8,000 sqft, it ranks in the top 20% locally and city-wide, offering more outdoor space than most comparable properties.
3. Why is the living area smaller than the neighbourhood average?
At 1,078 sqft, the home's living area is below the average for both Pine Bluff Road and the wider Niakwa Place area. This indicates a more compact floor plan, which is a trade-off for the larger lot size.
4. What is the property's assessed value history?
The current assessed value is $404,000. For exact historical sold prices, including the last recorded sale in March 2019, you can request a manual lookup via the email link provided on the detail page.
5. What are the possibilities for expanding or renovating?
The large lot could potentially allow for additions, a garage, or other outbuildings, subject to local zoning bylaws and permit approvals. The existing home's footprint leaves considerable room on the property for such projects.