Property Overview: 5 Cherwell Road, Winnipeg
Key Characteristics & Appeal
This home at 5 Cherwell Road in Niakwa Place presents a compelling blend of modern convenience and established neighbourhood character. Built in 2000, it is notably newer than most homes on its street and in the wider area, suggesting updated building systems and potentially lower immediate maintenance needs compared to older stock. With 1,182 sqft of living space, it offers above-average roominess for its immediate street, positioning it as a spacious option within its local context.
The assessed value of $407,000 sits above the street average, reflecting its relative size and newer construction. A thoughtful perspective is that this property offers a "best-in-class" status on its own block—it's among the newest, largest, and most highly assessed homes on Cherwell Road. However, within the broader Niakwa Place area, its lot size is more modest, which may appeal to buyers seeking a manageable yard with less upkeep.
This home would suit buyers looking for a move-in-ready property in a mature neighbourhood without the typical age-related concerns of a 1970s bungalow. It’s ideal for small families, couples, or professionals who value interior space and modern infrastructure over a very large garden. Its profile suggests it’s for someone who wants the established trees and community of Niakwa Place but in a home that feels a generation newer.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home sold in August 2022 for between $400,000 and $450,000, which aligns closely with its current $407,000 assessed value. A previous sale was recorded in December 2016 for between $300,000 and $350,000.
2. Is the lot size a disadvantage?
The 4,205 sqft lot is below the average for the Niakwa Place area. This means less yard maintenance but also less private outdoor space than some neighbouring properties. It’s a practical trade-off that keeps the grounds manageable.
3. What does it mean that the home is "newer" than most in the area?
Built in 2000, this home is approximately 25-30 years newer than many homes in Niakwa Place. This can translate to more contemporary construction materials, wiring, plumbing, and windows, potentially reducing the need for near-term major updates.
4. How can I get the exact historical sale prices?
The public data shown is presented in ranges. You can request the exact sold price figures by emailing the site directly for a manual lookup, as precise transaction histories are not displayed publicly due to industry regulations.
5. Where does this property rank in terms of space and value?
On its own street, it ranks in the top 14% for living area and top 18% for assessed value. City-wide, it sits around the middle for size but in the top 37% for value, indicating that factors like its newer build and neighbourhood contribute to its assessment beyond pure square footage.