Property Overview
49 Cherwell Road is a well-established 850 sqft bungalow built in 1971, situated on a 3,519 sqft lot in Winnipeg's Niakwa Place neighbourhood. With an assessed value of $301,000, it presents a specific value proposition within the local market.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficiency and position as a relatively affordable entry point into a mature neighbourhood. Its living space is compact yet functional for a smaller household, and its assessed value sits noticeably below the area average for Niakwa Place, suggesting a potentially lower property tax burden compared to many neighbours. The lot, while smaller than most in the immediate area, offers manageable outdoor space with less maintenance.
A thoughtful perspective is that this property represents a "middle ground" in several ways. It’s not the smallest or largest on its street, nor the newest or oldest. This can translate to a stable, established streetscape without extremes. It would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. Its value is clear for those prioritizing location and practicality over size, and who are comfortable with a home that may benefit from personal updates over time.
Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 850 sqft, the living area is smaller than most homes in both the Niakwa Place area and Winnipeg overall, but is closer to the average for Cherwell Road itself. The lot size of 3,519 sqft is also below average for the neighbourhood.
2. Is the assessed value high for the area?
No. The $301,000 assessment is below the Niakwa Place average. It is, however, around the average for its own street and for the city of Winnipeg as a whole.
3. What does the sold price data indicate?
The home sold between $250,000 and $300,000 in late 2024. This sale price range positioned it moderately below the average sold price for its immediate area and street at that time.
4. Is this a good option for someone wanting a large yard?
Likely not. The land area is in the bottom quarter of lots in Niakwa Place. It’s better suited for buyers who prefer less yard work or who prioritize other features.
5. How old is the home compared to others?
Built in 1971, it is slightly older than the average home on Cherwell Road and in Niakwa Place, but is very close to the average age of homes across Winnipeg. Buyers should anticipate maintenance and systems consistent with a home of this era.