Property score
65.7
Good
Overall 65.7 · Smaller and older than most nearby homes
933 sqft (bottom 11%) · Built in 1969 (7 yrs older than avg)
Located in a high-income area with median household income of ~114k
Transit 82.0 · 6-min walk to transit with 5 nearby routes · Within 500m: 1 dining spot, 2 schools, 1 shop, and 1 park nearby
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 75%French · 10%
Past 10 years Niakwa Place sales snapshot (~80% of all data)
228
303.7k
$288/sqft
1976
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65.7 is composed by the two sections below.
Property Score
Community Score
Niakwa Place
How to read: Share of sales in each ~$50k price band for “niakwa place” (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: #46110584
$114K
Median household income
$127K
Average household income
1%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
15%
Single-person households
40%
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
3 Fallbrook Bay — 7 amenities found within 500 m, across 6 categories, including 1 dining (nearest 468 m), 2 education (nearest 347 m), 1 shopping (nearest 350 m).
Niakwa Place · WPS public data · 2025
Annual incidents
38
2025
vs. city avg
+29%
relative to avg
Year-over-year
▼ -3%
vs. prior year
Primary type
Property
87%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 31% | Top 49% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 3 Fallbrook Bay in Winnipeg's Niakwa Place neighborhood presents a distinct value proposition centered on its generous lot and established location. Built in 1969, the 933 sqft bungalow sits on a large, 7,137 sqft parcel—a lot size that ranks well above average for both its immediate street and the wider city. This creates significant outdoor space and potential. The assessed value of $410k is notably higher than other homes on Fallbrook Bay, suggesting the property is viewed favorably relative to its direct peers, likely due to this land advantage.
The appeal here is for the value-conscious buyer or downsizer who prioritizes land over living square footage. The home itself is compact and below the area average in size, making it suitable for those seeking a simpler, more manageable footprint without sacrificing yard space. Its age means potential renovators or those comfortable with a vintage layout may see the most opportunity. The property suits someone looking to enter a mature, stable neighborhood where the value is anchored in the land itself, offering room for gardens, expansion, or simply the luxury of space in a city setting.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its 1969 construction, buyers should budget for updates. The systems, roof, and interior finishes are likely original or older, so a thorough inspection is essential to understand the scope of any needed modernization.
2. Why is the assessed value higher than neighbors' if the house is smaller?
The assessment reflects the combined value of the home and the land. This property's lot is significantly larger than most on the street, which increases its assessed value despite the more modest living area.
3. How does the sold price from 2019 relate to today's value?
The home sold for between $350k-$400k in late 2019. This provides a historical benchmark, but current market conditions, recent improvements, and inflation mean the present market value will be different. The current $410k assessment offers a more recent point of reference.
4. What are the implications of such a large lot?
The large lot offers privacy, space for recreation or gardening, and potential for additions like a garage, workshop, or deck. It also means higher property taxes relative to similar-sized homes on smaller lots and requires more maintenance.
5. Where can I get verified sale price data for this area?
The site's data is compiled from public records, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email through the provided link on the property page.
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