Property Overview

22 Iroquois Bay is a well-established home in Winnipeg's Niakwa Park neighbourhood. Built in 1958, it offers 1,240 sqft of living space on a generous 6,499 sqft lot. The data suggests a property that holds its value strongly within its immediate area, presenting a blend of classic character and solid investment appeal.

Key Characteristics & Appeal

This home’s primary appeal lies in its position as a stable and above-average asset within a desirable neighbourhood. While its living space is comfortably in the middle range for the area, its assessed value of $477k stands out, ranking in the top 14% on its own street and the top 10% in Niakwa Park. This indicates a property that is valued more highly than many of its direct peers, often a sign of premium lot location, updates, or unique attributes not captured in square footage alone.

The lot size is a significant feature, offering more space than the average city lot and providing room for gardens, recreation, or expansion. As a home from the late 1950s, buyers should anticipate the charm and potential renovation projects typical of the era, but it is notably newer than many homes in the wider city.

This property would best suit a buyer looking for a established neighbourhood with a sense of space. It’s ideal for someone who values a larger yard over a maximized interior footprint and is comfortable with a home of this vintage. It appeals to the practical investor or homeowner who appreciates a property that demonstrably outperforms its local market in assessed value, suggesting a strong foundation for long-term equity.

Frequently Asked Questions

1. Why is the assessed value so much higher than the area average?
The assessed value ranks in the top 10% for Niakwa Park, significantly above the local average of approximately $403k. This premium can be influenced by factors like the lot's desirability, specific location on the bay, significant improvements, or a combination of attributes that the assessment model recognizes.

2. What should I know about a house built in 1958?
Homes from this period often feature solid construction but may require updates to major systems like plumbing, electrical, or insulation to meet modern standards and efficiency. A thorough inspection is recommended to understand the condition of the roof, foundation, and any original components.

3. How does the lot size compare?
At 6,499 sqft, the lot is above the city-wide average. It provides substantial outdoor space, which is a growing rarity and a key asset. On Iroquois Bay itself, it is slightly below the street average but remains a very generous parcel.

4. What do the past sale prices indicate?
The home sold previously in 2017 and 2021, with recorded prices in the $350k-$400k range. The current assessed value being notably higher suggests a strong appreciation trend or significant changes since the last sale, which should be investigated.

5. How can I get the exact historical sale prices?
The public data shows price ranges. To obtain the exact sale figures and a verified transaction history, you must request a manual lookup from the site provider via email, as this data is not sourced from the MLS.