Property Overview: 84 Fallbrook Bay, Winnipeg
Key Characteristics & Appeal
This home at 84 Fallbrook Bay in Niakwa Place is a 1969 bungalow presenting a balanced, grounded opportunity. With 1,081 sqft of living space, it sits around the average for its immediate street and the wider city, offering a practical footprint for everyday living. Its standout feature is the 6,673 sqft lot, which ranks in the top 20% city-wide, providing generous outdoor space that is increasingly rare. The assessed value of $362k is consistently around the median across all comparison levels, suggesting a stable, market-reflective valuation.
The appeal here is one of established consistency rather than dramatic outperformance. It’s a property that holds its own, particularly on its own street where it is one of the older homes (built in 1969, ranking in the top 4% on Fallbrook Bay), which can sometimes indicate a well-built, original-condition home in a mature setting. The recent sale in late 2023 within the $300k-$350k range provides a solid, contemporary price benchmark.
This home would suit a buyer looking for a manageable-sized house with a premium lot size in a mature neighbourhood. It’s ideal for someone who values private outdoor space for gardening, play, or future expansion over a large interior. It also fits a buyer seeking a property with transparent, average valuations, minimizing the risk of overpaying in a heated market segment.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,081 sqft, the living area is slightly below the average for the broader Niakwa Place area but is very much in line with the average for homes directly on Fallbrook Bay and for the city overall. It’s a comfortably average-sized bungalow for its vintage.
2. Is the lot size a significant advantage?
Yes. The lot of 6,673 sqft is a key asset, ranking above average for the street and in the top 20% across Winnipeg. This offers substantial yard space that is harder to find in newer subdivisions and provides potential for landscaping, recreation, or future additions.
3. What does the “Elite” ranking for Year Built on the street mean?
This indicates the home, built in 1969, is one of the first two built on Fallbrook Bay out of 45 homes. It doesn’t mean the home is newer or more luxurious; rather, it signifies a well-established position in a mature streetscape, often associated with larger, treed lots and settled character.
4. How current is the sold price data, and is it reliable?
The sold price range of CA$300k–350k is from September 2023, providing a recent market transaction. The data is from public sources, not the MLS, and the site offers a manual verification service for exact figures, acknowledging the need for due diligence.
5. Who would this property not suit?
Buyers seeking a modern, turn-key home with an open-concept layout may find the 1969 floor plan and average interior square footage less appealing. It’s also not a “top-of-the-market” performer in its area based on metrics, so it may not attract investors looking solely for rapid appreciation from undervalued assets. Its strength is in its stable, balanced profile.