Property Overview: 75 Gleneagles Road, Niakwa Place, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,066 sqft bungalow, built in 1971, sits on a generous 6,589 sqft lot in the established Niakwa Place neighbourhood. Its key appeal lies in its balance of space and value. While the living area is modest compared to some area homes, the lot size is notably above the Winnipeg average, offering valuable outdoor space and potential. The home’s assessed value of $328,000 is below the averages for both its immediate street and the broader Niakwa Place area, suggesting a potentially accessible entry point into a desirable neighbourhood.

This property would suit practical buyers looking for a solid foundation—perhaps first-time homeowners, downsizers, or investors. It’s for someone who values a larger yard over a larger house and sees potential in a home that may benefit from updates. A thoughtful perspective is that while it ranks last on its street for assessed value, this can indicate room for equity growth through thoughtful improvements, making it a candidate for a buyer with a vision and a renovation budget.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
Not always. The assessed value is for municipal tax purposes. Market conditions, the home’s interior condition, and buyer demand ultimately determine the sale price. Its below-average assessment for the area, however, often signals a competitive starting point.

2. How does the lot size compare to typical Winnipeg homes?
Very favorably. The lot of 6,589 sqft ranks in the top 21% city-wide, meaning it’s larger than nearly 80% of comparable properties in Winnipeg. This is a significant asset for privacy, gardening, or future expansion.

3. What does the sales history note mean?
The site does not display MLS sales records. You can request the exact sales history manually via email, and they will provide the verified figures. The data shown is compiled from other public sources.

4. The living area seems smaller than many area homes. Is that a concern?
It depends on your needs. The home offers functional space but is below the Niakwa Place average. This often translates to a lower price point for the location. The trade-off is the larger lot, which can extend your living space outdoors.

5. As a home built in the 1970s, what should I consider?
Expect the potential for era-specific updates. While the core structure is from a period known for solid construction, systems like roofing, windows, plumbing, and electrical may be nearing or past their typical lifespan and should be inspected. Its year built is actually newer than many on its street, which can be a positive.