Property score
65.0
Good
Overall 65.0 · Compared with neighbourhood average
1,248 sqft (top 42%) · Built in 1955 (1 yr older than avg)
Located in a above-average income area with median household income of ~76k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, 2 parks, 1 sports facility, and 1 bank/ATM nearby
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Below average
1 yrs older than neighborhood avg.
Mother tongue
English · 77%French · 11%
Past 10 years Niakwa Park sales snapshot (~80% of all data)
58
462k
$384/sqft
1956
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65.0 is composed by the two sections below.
Property Score
Community Score
Niakwa Park
How to read: Share of sales in each ~$50k price band for “niakwa park” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110589
$76K
Median household income
$84K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
37%
Single-person households
16%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
2 Cherokee Bay — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 353 m), 2 parks (nearest 160 m).
Niakwa Park · WPS public data · 2025
Annual incidents
29
2025
vs. city avg
-2%
relative to avg
Year-over-year
▲ +4%
vs. prior year
Primary type
Property
62%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 25% | Bottom 17% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 2 Cherokee Bay, Niakwa Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 2 Cherokee Bay is a classic 1955 bungalow in the established Niakwa Park neighbourhood. Its key appeal lies in a combination of space and value. With 1,248 sqft of living area, the house is notably larger than many on its street. More significantly, it sits on a 6,498 sqft lot, which is above average for both the street and the city overall, offering substantial outdoor space for gardens, play, or expansion.
The property’s assessed value of $364k is below the average for both Cherokee Bay and Niakwa Park, suggesting a potentially attractive entry point into the area. This creates an interesting dynamic: you’re acquiring a larger-than-average lot and home for a below-average price within the immediate locale. This profile suits practical buyers looking for space and value in a mature neighbourhood. It would appeal to those comfortable with a home from the 1950s, possibly seeking a property with renovation potential, or first-time buyers prioritizing lot size over a modern build. The data indicates it’s a property where the land itself may be a primary asset.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value mean?
It means the city’s assessment for this property is lower than the average assessment for similar homes on its street and in Niakwa Park. This can sometimes indicate a value opportunity, but it’s essential to view the home in person to understand its current condition and how it compares to neighbours.
2. How does the lot size compare?
The lot is a standout feature. At 6,498 sqft, it ranks in the top 26% on Cherokee Bay and the top 22% city-wide, meaning it’s significantly larger than many Winnipeg lots.
3. The home last sold in 2019. Can I find out the exact price?
The site provides a sold price range from 2019 ($250k-$300k). To receive the exact, verified sold price and history, you must request it via email from the service, as they manually look up this data outside of the MLS system.
4. Is a 1955 home a concern?
The year built is typical for Niakwa Park. While the structure is mature, the home’s age is around the neighbourhood and city average. A thorough inspection is always recommended to understand the condition of major systems like roof, wiring, and plumbing.
5. How does the living space compare to nearby homes?
At 1,248 sqft, the living area is above the street average. It is comfortably sized compared to the Niakwa Park average and slightly below the city-wide average, fitting the profile of a spacious bungalow for its immediate area.
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