Property score
65.0
Good
Overall 65.0 · Compared with neighbourhood average
1,274 sqft (top 32%) · Built in 1955 (1 yr older than avg)
Located in a above-average income area with median household income of ~76k
Transit 74.0 · 4-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
2% 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
31 Cherokee Bay — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 245 m), 2 parks (nearest 185 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 31% | Bottom 29% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 31 Cherokee Bay, Niakwa Park
Key Characteristics & Appeal
This home at 31 Cherokee Bay is a well-positioned property in Winnipeg's Niakwa Park neighbourhood. Built in 1955, it sits on a 6,005 sqft lot. With 1,274 sqft of living space and a current assessed value of $426,000, its primary appeal lies in its strong standing within its immediate area. The home offers above-average interior space for its street and a higher-than-average assessed value for both the street and the wider Niakwa Park area, suggesting a solid investment in a stable community.
The property would suit practical buyers looking for a home in an established neighbourhood without paying a premium for a brand-new build. It’s ideal for someone who values a generous lot size and more interior space than many neighbouring homes, providing room to grow or personalize. A thoughtful perspective is that while the home is older, its metrics suggest it has been maintained or valued in a way that keeps it competitive, potentially offering the character of a mature neighbourhood without the steep discount sometimes associated with older homes.
Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this home ranks above average for both living area and assessed value on its own street and within Niakwa Park. It offers more interior space than most comparable homes on Cherokee Bay.
2. What is the significance of the assessed value?
The assessed value of $426,000 is used for calculating property taxes. It is not the market price, but it is a municipal appraisal. This home's assessment is above the average for its immediate area, which can indicate perceived value but may also relate to property tax calculations.
3. The home was built in 1955. What should I consider?
As a home from the mid-1950s, prospective buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof. An inspection is essential. On a positive note, homes from this era in established neighbourhoods often feature solid construction and larger lot sizes.
4. Can I see the exact historical sale price?
The listing indicates the home sold between $300,000-$350,000 in August 2016. The site notes that to receive verified, exact sold price figures, you must request them via email, as they do not display full MLS transaction records.
5. Is the lot size typical?
At just over 6,000 sqft, the lot is slightly smaller than the average for Cherokee Bay but is very close to the city-wide average. It provides a good balance of yard space without being overly demanding to maintain.
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