Property Overview: 7 Abington Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This 1,160 sqft bungalow, built in 1980, presents a practical opportunity in the established Niakwa Place neighbourhood. Its core appeal lies in its relative value and efficient footprint. The home sits on a modest 2,587 sqft lot, which is smaller than most in the wider area but typical for its specific street. This translates to less yard maintenance—a plus for downsizers or those seeking a lock-and-leave lifestyle.
The data reveals a thoughtful perspective: while the living space is slightly below average for Abington Road itself, it is competitively sized compared to the broader city. Notably, its 1980 construction date makes it one of the newest homes on its street, suggesting potentially fewer immediate concerns with major aging components compared to older neighbours. With an assessed value of $331,000, it is positioned below the Niakwa Place area average, offering a more accessible entry point into a desirable neighbourhood. This property would suit first-time buyers looking for a manageable home in a mature area, or practical downsizers who prioritize location and simplicity over square footage and extensive grounds.
Frequently Asked Questions
1. How does the lot size impact the property?
The lot is considerably smaller than the Niakwa Place average, which means minimal yard upkeep. However, it also limits potential for expansions like large decks or additions, so it's best for those who prefer low-maintenance outdoor space.
2. The home sold in 2023. What does that recent sale indicate?
The sale within the last two years suggests a motivated seller may have been involved, and it provides a solid, modern benchmark for the home's market value, offering a clear reference point for current pricing.
3. Given its age, what should I be mindful of?
While newer than many homes on its street, a 1980 build will still require due diligence on systems common to that era, such as the roof, windows, and original plumbing or electrical components. Its "newer" status is relative to its immediate surroundings.
4. Is the assessed value a reliable guide for the listing price?
The assessed value is for municipal tax purposes. The recent 2023 sale price (available upon request) is a more direct indicator of its market value, though the current market conditions will ultimately determine the listing and sale price.
5. Who would this property not suit?
It may not be ideal for buyers seeking a large yard for gardening or recreation, those needing extensive space for a growing family, or investors looking for a property with significant land value or expansion potential.