Property Overview: 55 Abington Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This 1,280 sqft bungalow, built in 1980, presents a compelling mix of relative value and established community living. Its primary appeal lies in its efficient use of space and its position within a mature neighbourhood. The home offers above-average living area for its immediate street, ranking in the top 7% of 30 nearby homes, suggesting a well-proportioned layout compared to close neighbours. Built in 1980, it is one of the newer homes on Abington Road, which can be attractive for buyers seeking a property with potentially more modern construction standards than much older stock, without the premium of a brand-new build.
The assessed value of $335k sits below the Niakwa Place area average, indicating a potentially accessible entry point into the neighbourhood. This creates an interesting dynamic: you get a home that is spatially competitive on its own street, in a newer vintage, but at a value-oriented price point for the wider area. A key consideration is the land size of 2,167 sqft, which is significantly smaller than most lots in Niakwa Place. This translates to lower maintenance, which is a definite advantage for those seeking a manageable yard, but offers less space for expansions or extensive landscaping.
This property would suit first-time buyers or downsizers looking for a comfortable, low-maintenance home in a settled area. It’s a practical choice for someone who prioritizes living space and a newer build year over a large lot, and who sees value in a price point that sits below area averages.
Frequently Asked Questions
1. Is the smaller lot size a major drawback?
It depends on your lifestyle. The lot is significantly smaller than the Niakwa Place average, meaning less yard work and lower exterior maintenance costs. However, it also limits potential for large additions, pools, or extensive gardening. For buyers seeking ease of upkeep, it’s a benefit; for those wanting space to expand or play, it’s a limitation.
2. How does the assessed value relate to the likely selling price?
The assessed value ($335k) is for municipal tax purposes and is typically based on past market data. The recent sold price range (CA$350k–400k) is a more direct, though approximate, indicator of current market value. A professional appraisal or comparative market analysis is needed for precise pricing.
3. What does it mean that the home is "newer" for the street?
Being built in 1980 (ranked 1 of 30 on the street for year built) suggests core components like wiring, plumbing, and insulation may be more modern than those in older homes prevalent in Winnipeg. This can mean fewer concerns about outdated systems, though a thorough inspection is still essential for a 46-year-old home.
4. Why is the home’s value below the Niakwa Place average?
The below-average assessed value for the area (top 80%, meaning 80% of area homes are valued higher) is likely influenced by the smaller lot size. In neighbourhoods where larger lots are common, a compact lot often translates to a lower valuation, which can represent a value opportunity for the right buyer.
5. How can I get the exact historical sold price for this home?
The provided sold price is a range from public data. Due to industry regulations, exact MLS sold prices are not displayed here. You can request the exact sale history by emailing the site via the "Request exact figures by email" button, and they will provide the verified details manually.