Property score
56.5
Fair
Overall 56.5 · Smaller than most nearby homes
986 sqft (bottom 1%) · 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
24% 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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56.5 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
9 Cherokee Bay — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 289 m), 2 parks (nearest 236 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 50% | Bottom 48% | Top 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 9 Cherokee Bay, Niakwa Park, Winnipeg
Key Characteristics & Appeal
This is a modest, single-level home built in 1956, situated on a standard-sized lot in the established Niakwa Park neighborhood. Its key characteristic is its compact size, with 986 sqft of living space, which is notably smaller than most homes on its street and in the wider area. The assessed value of $371k is generally in line with city-wide averages, suggesting the price reflects the lot and location more than the home's square footage.
The primary appeal lies in its efficiency and potential. It represents a more affordable entry point into a desirable neighborhood, ideal for buyers comfortable with a smaller footprint or those viewing the property as a long-term value play. The lot, while below average for the immediate area, is still a good size at nearly 6,000 sqft, offering room for gardening, expansion, or future redevelopment. It would suit first-time buyers, downsizers seeking a manageable home without leaving the area, or investors looking for a property where the land value is a significant component of the asset.
A less obvious perspective is that its smaller size and older vintage could mean lower utility costs and a simpler layout, appealing to those seeking a minimalist lifestyle. Additionally, being one of the older homes on the street (ranked 4th oldest of 38) can add a sense of established character.
Frequently Asked Questions
1. Is the price justified given the smaller living space?
The assessed value aligns with city-wide averages, indicating the price is driven significantly by the lot and location in Niakwa Park, not just the home's square footage. You are paying for the neighborhood.
2. What are the implications of the home being 70 years old?
While it offers classic charm, a thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the foundation. Budgeting for updates should be part of your planning.
3. How does the lot size compare, and what does it allow?
At 5,995 sqft, the lot is smaller than most on Cherokee Bay but is still a generous city lot. It provides ample private outdoor space and may offer potential for additions like a garage, sunroom, or deck, subject to local bylaws.
4. What does the sold price history indicate?
Records show it last sold between $350k-$400k in late 2022. For the exact sale price and a fuller history, you can request a manual lookup via the website, as this data is not sourced from the MLS.
5. Who would this property not be suitable for?
It likely wouldn't suit a growing family needing multiple large bedrooms, someone wanting a modern, move-in-ready open-concept layout, or a buyer who prioritizes having one of the largest properties on the block.
