Property Overview: 22 Fair Place, Winnipeg
Key Characteristics & Appeal
This 1,830 sqft home, built in 1975, presents a compelling middle-ground proposition in Winnipeg’s River East neighborhood. Its primary appeal lies in its strong positioning within the broader market, contrasted with its more modest standing on its immediate street. While it is one of the smaller and lower-assessed homes on Fair Place itself, it ranks well above average for both size and value when compared to the wider neighborhood and city. This suggests a home that offers solid space and perceived value for the area, potentially at a more accessible point than its immediate neighbors.
The property would suit practical buyers looking for a well-sized family home in an established area without paying a premium for the largest lot or newest build on the block. It’s a sensible choice for those who prioritize the neighborhood’s overall amenities and community over having the top-tier property on the street. The recent sale in mid-2024 indicates it was a move-in ready home, appealing to buyers seeking a straightforward purchase without a renovation project.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
Based on available data, the home sold for an estimated $550k-$600k in June 2024. This sale price ranked in the top 5% for the River East area and top 11% city-wide at the time, indicating a strong market performance relative to many other Winnipeg homes.
2. Is the lot size a disadvantage?
At 6,588 sqft, the lot is below average for Fair Place but is very close to the city-wide average. It offers ample outdoor space for most uses but may not suit those specifically seeking an exceptionally large yard.
3. What do the rankings mean for future value?
The home’s above-average rankings for size and assessed value in the neighborhood suggest it aligns with area norms, which can be a stabilizing factor. Its position on its own street indicates there may be more upside potential compared to neighboring properties, but also that it may not lead market appreciation on the block.
4. How can I verify the exact sale price?
The site provides sold price ranges publicly. To obtain the exact, verified sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. Are comparable homes currently available?
The listing shows nearby properties with similar assessed values (around $501k) in neighborhoods like Elmhurst and Varsity View, which can be useful for broad comparison. For current listings in River East, checking a dedicated MLS search or contacting a local agent is recommended.