22 Hammersmith Road – Property Summary
Key Characteristics & Buyer Fit
This is a 1,197 sqft home built in 1988 on a 5,323 sqft lot in Whyte Ridge, Winnipeg. Its most notable strength is assessed value: at $495,000, it ranks in the top 17% on its street and top 21% citywide—well above the Winnipeg average of $390,100. The home is also the oldest on its block (built 1988, ranking #1 of 36 for age), which gives it character but means it’s not the newest in the broader neighbourhood, where the average build year is 1994. Living space is slightly below the street average (1,336 sqft) and well below the neighbourhood norm (1,666 sqft), placing it in the bottom 14% on the street for size. Land area is modest relative to the street and neighbourhood averages but sits near the citywide median.
The appeal lies in value per square foot. You’re paying a premium for the location and the home’s condition relative to its street, not for raw square footage or a big lot. This suits a buyer who prioritizes a strong asset in a solid area—someone willing to take a smaller or older home to access a higher-value street. It’s less ideal for buyers who need maximum space or a newer build, but it could work well for downsizers, first-time buyers wanting an established neighbourhood, or investors looking for above-average appreciation potential.
Five Possible FAQs
1. How does this home compare to other properties on Hammersmith Road?
It’s the oldest home on the street (tied for #1 of 36 by year built) and ranks high for assessed value (top 17%). Living area and land are below average for the street. So you’re getting a smaller, older home that’s valued well above the street average—likely due to location, condition, or recent upgrades.
2. Is the assessed value of $495,000 a reliable market indicator?
Assessed value is a tax-based estimate, not a market appraisal. It’s useful for comparison: this home outperforms most others on its street and citywide. But in a hot market, actual sale prices can differ. It’s a strong signal of relative value, not a precise sale price.
3. Why is the home’s living area considered “below average” but the assessed value still high?
Size isn’t everything. Location, lot quality, interior finishes, and overall demand for the street can push values up even when square footage is modest. Here, the high assessed value suggests the home offers something beyond floor plan—possibly a desirable layout, upgrades, or a particularly good street position.
4. How does the land size affect the home’s appeal?
At 5,323 sqft, the lot is smaller than average for the street (5,826 sqft) and neighbourhood (6,175 sqft). That means less outdoor maintenance and potentially a smaller yard. For buyers who want a big garden or future expansion space, this could be a drawback. But it also keeps the purchase price lower than larger-lot neighbours.
5. What type of buyer should consider this property?
Someone who values a strong investment in a well-ranked street over maximum space or a brand-new build. It’s a good fit for buyers comfortable with a slightly older home in a solid neighbourhood, who want above-average equity potential without paying for a premium lot or huge living area. Also suitable for those seeking a lower-maintenance property.