Property Overview: 625 Niakwa Road
Key Characteristics, Appeal & Ideal Buyer
This home at 625 Niakwa Road is defined by a compelling contrast between its house and its land. Built in 1956, the 1,957 sqft residence offers comfortable, above-average living space for both its immediate Niakwa Place area and Winnipeg overall. Its assessed value of $546k sits around the average for its street but is notably higher than area and citywide averages, reflecting the desirability of the location.
The true standout feature is the extraordinary lot size of approximately 32,500 sqft (over 3/4 of an acre). This places the property in the top 1% for land area both within Niakwa Place and across the entire city. The appeal lies in this rare combination: a well-sized, established home in a mature neighbourhood, paired with an exceptionally private and expansive outdoor canvas. It suits a buyer who values space, privacy, and potential over a brand-new build. This property is ideal for someone with a vision—whether for extensive gardening, recreational space, future additions, or simply enjoying a generous, park-like setting that is increasingly uncommon within the city.
Frequently Asked Questions
1. How does the age of the home (1956) affect its value?
While older than many area homes, the property’s assessed value is strong, indicating that its overall package—particularly the massive lot—offsets the age. Buyers should budget for inspections and potential updates common to homes of this era, but the land itself is a timeless and appreciating asset.
2. What does the sold price history from 2019 tell us?
The prior sale in the $450k-$500k range provides a market baseline from five years ago. The current assessed value suggests significant appreciation since then, which is consistent with broader market trends and underscores the value of the land.
3. Is the lot size a benefit for future expansion?
Absolutely. The elite-sized lot is the property's most significant feature, offering rare flexibility. It provides ample room for potential additions, a garage, outdoor living structures, or landscaping projects, subject to local zoning and bylaws.
4. How does this property compare to others on the street?
On Niakwa Road, the home is fairly typical in terms of living space, value, and lot size. Its distinction becomes clear when viewed in the wider neighbourhood and city context, where its land area is exceptional.
5. Where can I get verified sale history and exact figures?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full, verified transaction history directly via email from the service provider for the most accurate data.