5 Cherwell Road

Niakwa Place, Winnipeg

Property score

70.0

Good

Overall 70.0 · Newer than most nearby homes

1,182 sqft (bottom 38%) · Built in 2000 (24 yrs newer than avg)

Located in a high-income area with median household income of ~93k

Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 3 schools, 2 parks, 1 sports facility, and 2 place of worships nearby

Living Area

Below average

21% smaller than neighborhood avg.

Year Built

Above average

24 yrs newer than neighborhood avg.

Mother tongue

English · 62%French · 16%

Past 10 years Niakwa Place sales snapshot (~80% of all data)

Sold Count

228

Median price

303.7k

$/sqft

$288/sqft

Avg build year

1976

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Property score

70.0 is composed by the two sections below.

Property Score

63.1Fair
Living Area1,182 sqft60Fair
Year Built200084Excellent
Lot Size4,205 sqft53Fair
Neighbourhood Sales Activity48Low

Community Score

80.3Excellent
Household Income82Excellent
Education Level91Excellent
Housing Stress63Fair
Core Housing Need88Excellent
Employment Health60Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110585

Community deep dive

$93K

Median household income

$91K

Average household income

5%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.0

P90 / P10 ratio

25%

Single-person households

28%

Families with children

Population, labour & age

Population (2021)468
Labour force participation rate60%
Median age45.6
Avg household size2.4
Unemployment rate9%
Population density1872 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households25%
Couple families with children28%
Median household income (2020)$93K

Housing

Renter households30%
Condominium dwellings7%
Median dwelling value (owners)$320K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority19%
Bachelor's or higher (25–64)55%
Mother tongue (1st)English · 62%
Mother tongue (2nd)French · 16%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,182 sqft
0255075100
Same streetTop 14%Same areaBottom 38%CitywideBottom 48%
Same street · Cherwell Road
#3 / 22
Top 14% · Avg 973 sqft
Same area · Niakwa Place
#422 / 685
Bottom 38% · Avg 1,490 sqft
Citywide · Winnipeg
#101,125 / 194,458
Bottom 48% · Avg 1,342 sqft

Tax-Assessed Value

above average
407k
0255075100
Same streetTop 18%Same areaTop 47%CitywideTop 37%
Same street · Cherwell Road
#4 / 22
Top 18% · Avg 339.9k
Same area · Niakwa Place
#320 / 685
Top 47% · Avg 446.8k
Citywide · Winnipeg
#71,270 / 194,458
Top 37% · Avg 390.1k

Year Built

Elite
2000
0255075100
Same streetTop 5%Same areaTop 7%CitywideTop 18%

Lot Size

around average
4,205 sqft
0255075100
Same streetBottom 45%Same areaBottom 20%CitywideBottom 29%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

5 Cherwell Road — 8 amenities found within 500 m, across 4 categories, including 3 education (nearest 283 m), 2 parks (nearest 307 m).

Search radius
🏫Education3
🌳Parks2
💪Sports1
Worship2

Crime & Safety

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%

Sales History

Sold 8/2022CA$400k–450k
Sold price

Same street

Top 11%

Same area

Top 25%

City-wide

Top 25%
Sold 12/2016CA$300k–350k
Sold price

Same street

Top 44%

Same area

Bottom 36%

City-wide

Bottom 45%

Related homes

Highlights & common questions: 5 Cherwell Road, Winnipeg

Property Overview: 5 Cherwell Road, Winnipeg

Key Characteristics & Appeal

This home at 5 Cherwell Road in Niakwa Place presents a compelling blend of modern convenience and established neighbourhood character. Built in 2000, it is notably newer than most homes on its street and in the wider area, suggesting updated building systems and potentially lower immediate maintenance needs compared to older stock. With 1,182 sqft of living space, it offers above-average roominess for its immediate street, positioning it as a spacious option within its local context.

The assessed value of $407,000 sits above the street average, reflecting its relative size and newer construction. A thoughtful perspective is that this property offers a "best-in-class" status on its own block—it's among the newest, largest, and most highly assessed homes on Cherwell Road. However, within the broader Niakwa Place area, its lot size is more modest, which may appeal to buyers seeking a manageable yard with less upkeep.

This home would suit buyers looking for a move-in-ready property in a mature neighbourhood without the typical age-related concerns of a 1970s bungalow. It’s ideal for small families, couples, or professionals who value interior space and modern infrastructure over a very large garden. Its profile suggests it’s for someone who wants the established trees and community of Niakwa Place but in a home that feels a generation newer.

Frequently Asked Questions

1. How does this home’s value compare to recent sales?
The home sold in August 2022 for between $400,000 and $450,000, which aligns closely with its current $407,000 assessed value. A previous sale was recorded in December 2016 for between $300,000 and $350,000.

2. Is the lot size a disadvantage?
The 4,205 sqft lot is below the average for the Niakwa Place area. This means less yard maintenance but also less private outdoor space than some neighbouring properties. It’s a practical trade-off that keeps the grounds manageable.

3. What does it mean that the home is "newer" than most in the area?
Built in 2000, this home is approximately 25-30 years newer than many homes in Niakwa Place. This can translate to more contemporary construction materials, wiring, plumbing, and windows, potentially reducing the need for near-term major updates.

4. How can I get the exact historical sale prices?
The public data shown is presented in ranges. You can request the exact sold price figures by emailing the site directly for a manual lookup, as precise transaction histories are not displayed publicly due to industry regulations.

5. Where does this property rank in terms of space and value?
On its own street, it ranks in the top 14% for living area and top 18% for assessed value. City-wide, it sits around the middle for size but in the top 37% for value, indicating that factors like its newer build and neighbourhood contribute to its assessment beyond pure square footage.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.