Property score
63.0
Fair
Overall 63.0 · Smaller than most nearby homes
1,196 sqft (bottom 29%) · Built in 1956
Located in a above-average income area with median household income of ~76k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 school, 2 parks, 1 sports facility, and 1 bank/ATM nearby
Living Area
Below average
8% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer 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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63.0 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
42 Cherokee Bay — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 333 m), 2 parks (nearest 142 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 | Top 44% | Top 48% | Top 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 42 Cherokee Bay, Niakwa Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 42 Cherokee Bay is a classic, mid-century property built in 1956, situated on a generous lot of just under 6,000 sqft in the established Niakwa Park neighbourhood. With 1,196 sqft of living space, it offers a comfortable footprint that is very typical for its street and area. The assessed value of $417k is notably above the average for Cherokee Bay itself, suggesting the property may have features or a condition that sets it apart on its immediate block.
The appeal lies in its established neighbourhood setting and the value perspective it offers. While the home’s size is average for the area, its assessed value ranking higher on its own street indicates a solid standing among its closest peers. It suits a buyer looking for a character home in a mature community, who appreciates a larger lot for outdoor space and values the stability of an area where homes are of a similar vintage. It’s a practical choice for someone not needing a maximized square footage but who prioritizes location and lot size.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $350k-$400k in early 2022. Its current assessed value of $417k is above the street average, but a professional appraisal and market analysis are needed to determine its present market value.
2. What should I consider about a home built in 1956?
While the construction year is typical for Niakwa Park, a 70-year-old home will likely have had major systems updated over time. A thorough inspection is crucial to understand the condition of the roof, plumbing, electrical, and foundation, and to identify any original features that may need modernization or repair.
3. The lot is smaller than the area average but larger than the city average. What does this mean?
At 5,999 sqft, the lot is very standard for Cherokee Bay and Niakwa Park. It provides ample backyard space for gardening or recreation, characteristic of the neighbourhood, but may not be as expansive as some larger lots in other parts of the city.
4. How can I get the exact historical sold price data?
The provided sold price is an estimated range from public records. For verified, exact sale figures and a full transaction history, you must request a manual lookup from the site via email, as they do not publish MLS data directly.
5. What does it mean that the assessed value ranks higher on the street than in the wider area?
This often indicates that the property is in good condition relative to its direct neighbours or may have desirable attributes specific to its lot. It’s a positive sign for its standing on the block, but the city-wide assessment is a broader benchmark for municipal tax purposes.
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