Property Overview: 22 Farnham Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This home at 22 Farnham Road is a well-situated property in Winnipeg's Niakwa Place neighbourhood, built in 1971. Its key appeal lies in its balance and established context. With 1,000 sqft of living space and a 6,378 sqft lot, the home offers a manageable footprint. The data suggests it is a quintessential "average" property within its immediate street and broader area in terms of value and lot size, which can be a strength—it represents a stable, known quantity without extreme premiums or compromises.
A thoughtful perspective is its relative age advantage on its own street, being one of the newer homes among its direct neighbours. This could imply more modern construction standards for its era compared to others on the block. The lot size is notably above the city-wide average, offering more outdoor space than many Winnipeg properties. The home’s assessed value of $380k aligns closely with city-wide averages, presenting a mid-market entry point into a mature neighbourhood.
This property would best suit practical buyers looking for a grounded, no-surprises home in an established area. It’s ideal for first-time homeowners, downsizers, or investors seeking a straightforward residential asset. Its manageable size and average pricing make it a sensible choice for those prioritizing lot space and neighbourhood character over a larger interior.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $350k-$400k in September 2021. Its current assessed value of $380k is slightly above the street average, ranking it 7th highest out of 19 homes on Farnham Road for assessed value.
2. Is the living space smaller than typical for the area?
Yes, at 1,000 sqft, the living area is below the average for both the Niakwa Place area (1,490 sqft avg) and the city overall. However, it is very close to the average for homes specifically on Farnham Road itself (983 sqft avg).
3. What is the significance of the lot size?
The lot of 6,378 sqft is a standout feature city-wide, ranking in the top 24% of all Winnipeg properties. It offers more outdoor space than the typical city lot, which averages about 6,570 sqft.
4. For a home built in 1971, what should I anticipate for maintenance?
As a 55-year-old property, prospective buyers should budget for updates to major aging components. A positive note is that it is one of the newer homes on its specific street, which may indicate comparative advantages in its original build or updates.
5. How can I get the exact historical sold prices for this property?
The exact sold prices are not displayed publicly on this site due to industry data rules. You can request the full transaction history and exact figures via email, and the service provider will send them to you manually.