Property Overview: 23 Farnham Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1970 on a 5,499 sqft lot, presents a compelling mix of value and space in the Niakwa Place neighbourhood. Its primary appeal lies in its efficient use of square footage. While the home is of a modest age and sits on a slightly smaller-than-average lot for the immediate area, it offers significantly more living space than most direct comparables on Farnham Road, ranking in the top 5% on its street. This suggests a well-utilized floor plan that maximizes interior room.
The assessed value of $362,000 sits comfortably around the average for its street, neighbourhood, and the wider city, indicating a stable, market-aligned valuation. For buyers, this represents an opportunity to secure above-average interior space for the street's typical price point. It would particularly suit first-time buyers or downsizers seeking a manageable bungalow layout without sacrificing room to live, and value-conscious purchasers who prioritize interior utility over extensive outdoor space. A thoughtful perspective is that while the lot is smaller, it may translate to lower maintenance costs and less yard work—an appealing trade-off for many.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
This home offers more interior space than most on its street, ranking 1st out of 19 comparable properties on Farnham Road with 1,120 sqft, against a street average of 983 sqft.
2. Is the assessed value in line with the area?
Yes. The $362,000 assessment is around the average for Farnham Road, the broader Niakwa Place neighbourhood, and the city of Winnipeg as a whole, indicating a fair market valuation.
3. What should I know about the lot size?
The 5,499 sqft lot is below the average for both Farnham Road and Niakwa Place. This means a smaller yard, which could be a positive for low-maintenance living but a consideration for those desiring extensive outdoor space.
4. When was it last sold and for roughly how much?
Public records indicate a sale between August 2020, with a sold price in the range of CA$250,000–$300,000.
5. How can I get the exact historical sale prices?
The provided data is based on public records. For fully verified figures and a complete transaction history, you can request the information directly via email from the site, which will provide a manual lookup.