Property Overview
52 Fallbrook Bay is a well-established home in Winnipeg's Niakwa Place neighbourhood, built in 1969. With 1,081 sqft of living space on a 6,325 sqft lot, it presents a classic, single-family footprint. The home’s assessed value of $410k positions it above average for its immediate street but around the middle range for the wider area and city. This creates an interesting value proposition: it’s a premium property on its own block. Its age is a standout feature on Fallbrook Bay, ranking it among the very oldest homes there, which may appeal to those seeking a mature streetscape with established character.
The appeal here is one of stability and relative value within a specific locale. It suits a practical buyer who values a larger-than-city-average lot in a settled neighbourhood, without requiring a massive or modern home. It could be ideal for a first-time homeowner looking for a solid entry point into a family-friendly area, or someone downsizing who still wants generous outdoor space. A thoughtful perspective is that while the home itself is modest in size compared to area averages, its above-street-average valuation suggests the lot and location on Fallbrook Bay are considered desirable assets, potentially offering a good foundation for future updates.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold between $350k-$400k in late 2020. The current $410k assessment is slightly above that range, which is common as assessments aim to reflect market value. It indicates the city’s estimate of its worth has increased since the last sale.
2. Is the house small for the neighbourhood?
Yes, but context matters. At 1,081 sqft, its living area is below the Niakwa Place average (~1,490 sqft). However, on its specific street (Fallbrook Bay), it’s much closer to the average (~1,142 sqft). It’s a compact home relative to the broader area.
3. What does the "Elite" ranking for year built mean?
This means it's one of the oldest homes on Fallbrook Bay, ranking in the top 4%. This isn't about luxury, but about vintage. It indicates a street with a mix of ages and suggests this home is part of the original character of the block.
4. Is the lot size a pro or a con?
It depends on your priority. The lot is below average for the street but above average city-wide. You’re getting more land than a typical Winnipeg lot, but less than some neighbours on Fallbrook Bay. It offers good outdoor space without being overwhelming to maintain.
5. How can I get the exact historical sale price?
The site provides sold price ranges publicly. Due to industry regulations, exact sale figures are not displayed online here. You can request the exact sold price history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.