Property Overview: 51 Farnham Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This is a well-situated, mid-century home in the established Niakwa Place neighbourhood. Built in 1970, the 1,002 sqft house sits on a 5,607 sqft lot. The data presents a picture of a property that holds its value well within its immediate locale. Its assessed value of $387k ranks above average for Farnham Road itself, suggesting it is one of the more substantial homes on its specific street. However, within the wider Niakwa Place area and city-wide, its value and living space are more aligned with the average, positioning it as a solid, middle-market option.
The appeal lies in its established setting and relative value. For the street, you get a home that stands out slightly in terms of assessed worth. The lot size is manageable without being overly demanding, suitable for gardening or outdoor space without excessive upkeep. It would likely suit first-time buyers or downsizers looking for a stable, no-surprises home in a mature neighbourhood, or an investor seeking a property with proven, steady valuation in a central Winnipeg area.
A less obvious perspective is that its "around average" metrics city-wide could be a strength, indicating a lower risk of overpaying relative to the broader market. It’s a property that represents the established norm rather than an outlier, which can mean predictable costs and stable long-term value.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is above the average for Farnham Road itself but is generally around the average for the larger Niakwa Place neighbourhood and the city as a whole. This suggests it is a well-regarded property on its street within a broadly typical price range for the area.
2. Is the living space smaller than average?
Yes, the living area is below the average for both the Niakwa Place area and Winnipeg overall. This indicates a more compact or efficiently designed home, which may appeal to those seeking easier maintenance and lower utility costs.
3. What does the year built (1970) mean for potential updates?
As a home built 56 years ago, it is older than most on its street but around the average age for the city. Buyers should budget for updates consistent with a home of this era, such as windows, roofing, or mechanical systems, while also appreciating the character of a mature neighbourhood.
4. How can I get exact historical sale price data for this property?
The site does not display MLS sold records. To obtain the full transaction history and exact sale figures, you must request a manual lookup via email. The provided service will send you the exact data without using your email for marketing.
5. What are the nearby properties like?
Immediate neighbours on Farnham Road and Cherwell Road are similarly aged homes. The provided comparisons on Bluewater Crescent show a range of sizes and values in Niakwa Place, from a similarly sized home at a lower assessed value to a significantly larger home at a higher value, highlighting the variety within the neighbourhood.