Property Overview: 18 Farnham Road, Niakwa Place, Winnipeg
Section 1: Key Characteristics & Appeal
This 1971 bungalow in Niakwa Place presents a practical and grounded opportunity. With 972 sqft of living space and a 6,378 sqft lot, it sits comfortably within the averages for its immediate street, offering a sense of neighbourhood consistency. Its assessed value of $369K aligns closely with both street and city-wide averages, suggesting a fair and stable market position.
The appeal lies in its established setting and efficient footprint. The home is newer than most on its street, which may imply fewer immediate concerns with aging infrastructure compared to neighbours. While the living area is modest relative to larger homes in the wider area, it suits a lifestyle prioritizing manageable upkeep and lower utility costs. The lot size is a notable strength city-wide, offering above-average outdoor space for gardening, recreation, or future expansion relative to many Winnipeg properties.
This property would best suit first-time buyers seeking an entry point into a stable neighbourhood, or downsizers looking to maintain a generous yard without the burden of a large house. It’s a home for those who value practicality, a established community character, and the potential that comes with a sizable lot.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home last sold between $250K-$300K in 2016. Its current assessed value of $369K is around the average for the street and city. For precise, verified sale histories, a manual lookup is required.
2. Is the living space too small?
At 972 sqft, it is smaller than the average home in both Niakwa Place and Winnipeg overall. This makes it efficient and cost-effective to maintain, but buyers should ensure the layout meets their spatial needs.
3. What does the lot size mean for me?
At 6,378 sqft, the lot is larger than 76% of properties city-wide. This is a significant asset, providing ample private outdoor space, which is less common in many urban areas and offers flexibility.
4. As a 1971 build, what should I consider?
While newer than most on its street, a 55-year-old home will likely have had updates. A thorough inspection is recommended to assess the condition of major systems like roof, plumbing, and wiring.
5. How does the neighbourhood influence this property?
The data shows homes in Niakwa Place generally have higher assessed values and larger living areas than this specific home. This indicates the property is a more affordable option within a desirable area, potentially offering value through location rather than sheer size.