Property Overview & Key Characteristics
This two-storey home on Abington Road in Niakwa Place is a property defined by its generous lot and established neighbourhood setting. Built in 1980, its key appeal lies in the substantial 2,167 sqft land area, which ranks in the top 2% of the neighbourhood, offering significant outdoor space and potential. The home itself features 1,280 sqft of living space with an attached garage and a basement that is present but not renovated, presenting a classic canvas for updates.
Its primary appeal is for value-conscious buyers or those seeking a solid foundation in a mature area. It suits a buyer comfortable with a home that may require modernization, prioritizing lot size and location over move-in-ready finishes. A thoughtful perspective is that the assessed value ranks in the lower tier for the street, which could indicate an opportunity for value growth through thoughtful improvements, especially given the highly-ranked lot size. It’s a property for someone who sees potential in the land and the structure, willing to invest sweat equity or phased renovations to align the interior with the property's underlying asset value.
Frequently Asked Questions
1. What is the neighbourhood like?
Niakwa Place is a mature, established neighbourhood in Winnipeg. The property’s lot size ranks in the top 2% locally, suggesting it's among the more spacious settings in the area, which is known for its stability and convenience.
2. What does "basement, not renovated" imply?
It indicates the basement is functional and included, but it has not been modernized or finished to contemporary standards. Buyers should budget for potential updates and anticipate it as a space for utilities, storage, or future development.
3. How does the assessed value compare?
At $31,600, the assessment is in the top 3% lowest on its street (29th out of 30), but in the top 16% highest for the wider neighbourhood. This suggests the home may be undervalued relative to its immediate street, but is assessed consistently with the broader area.
4. Is the house newer or older compared to others?
Built in 1980, it is among the newest on its street (top 3%), but is around the median age for the wider Niakwa Place neighbourhood. It offers a balance of a relatively newer build within an established community context.
5. What are the trade-offs compared to the listed comparable properties?
This home offers a larger lot than many comparables but less finished living space. It prioritizes outdoor potential over immediate interior square footage. Compared to a similarly priced home on a different street, the value here is likely more tied to the land and location in Niakwa Place.