Property score
60.1
Fair
Overall 60.1 · Smaller than most nearby homes
1,022 sqft (bottom 3%) · Built in 1956
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
Below average
21% 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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60.1 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
7 Cherokee Bay — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 306 m), 2 parks (nearest 226 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 12% | Bottom 7% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 7 Cherokee Bay, Niakwa Park, Winnipeg
Key Characteristics & Buyer Profile
This home at 7 Cherokee Bay is a 1,022 sqft bungalow built in 1956, situated on a 5,996 sqft lot in Winnipeg's Niakwa Park neighborhood. Its assessed value is $321,000. The data presents a property of contrasts: while its living space is notably more compact than most homes on its street and in the area, it sits on a lot that is close to the city-wide average. It is also one of the older homes on Cherokee Bay, suggesting a well-established character.
The primary appeal lies in its efficient footprint within a mature, desirable neighborhood. The lot size offers valuable outdoor space relative to the home's size, presenting an opportunity for gardening, expansion, or simply more privacy than newer, denser subdivisions. Its below-average assessed value for the immediate area could indicate a lower property tax burden and a potentially accessible entry point into Niakwa Park.
This property would best suit practical, value-conscious buyers. It's ideal for a first-time homebuyer, a downsizer seeking a manageable home with a generous yard, or an investor looking for a solid rental in a stable area. It appeals to those who prioritize location and land over square footage and are comfortable with a home that may require updates reflective of its age.
Frequently Asked Questions
1. Why is the assessed value significantly lower than the street and area averages?
The assessed value is based on several factors, including the home's smaller living area, its age, and potentially its condition or specific features compared to neighbors. A lower assessment often correlates with a lower property tax bill, which can be a financial advantage.
2. Is the smaller living area a major drawback?
It depends on your needs. For some, it means less space to heat, clean, and maintain, which aligns with a simpler, more efficient lifestyle. The data suggests you are paying for the location and the land, not a large interior. It may be perfect for 1-2 people but feel cramped for a larger family.
3. What does it mean that this is one of the older homes on the street?
Being built in 1956 and ranking as the 4th oldest of 38 on the street indicates the home has historic character and is part of the neighborhood's original fabric. It may have mature trees and established landscaping. However, it also means crucial aging components like the roof, plumbing, or electrical systems may need inspection or have been updated over time.
4. How reliable is the sold price data shown?
The site notes that sold prices are based on public, non-MLS data and are presented in a range (e.g., CA$250k–300k). For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not have access to official MLS transaction records.
5. The lot size is below average for the area but average city-wide. What's the takeaway?
This highlights Niakwa Park as a neighborhood with generally larger lots. While this property's lot is on the smaller side for the immediate area, it is still a substantial, city-typical parcel. You get more outdoor space than you would in many newer city neighborhoods, just not as much as some direct neighbors.
