Property score
62.2
Fair
Overall 62.2 · Smaller than most nearby homes
972 sqft (bottom 13%) · Built in 1971 (5 yrs older than avg)
Located in a above-average income area with median household income of ~86k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 4 schools, 3 parks, 1 sports facility, and 1 place of worship nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 73%French · 10%
Past 10 years Niakwa Place sales snapshot (~80% of all data)
228
303.7k
$288/sqft
1976
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62.2 is composed by the two sections below.
Property Score
Community Score
Niakwa Place
How to read: Share of sales in each ~$50k price band for “niakwa place” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111143
$86K
Median household income
$123K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
26%
Single-person households
21%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
31 Farnham Road — 9 amenities found within 500 m, across 4 categories, including 4 education (nearest 128 m), 3 parks (nearest 216 m).
Niakwa Place · WPS public data · 2025
Annual incidents
38
2025
vs. city avg
+29%
relative to avg
Year-over-year
▼ -3%
vs. prior year
Primary type
Property
87%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 18% | Bottom 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 31 Farnham Road, Niakwa Place, Winnipeg
Key Characteristics & Appeal
This 1971-built bungalow in Niakwa Place presents a specific and compelling value proposition. Its key characteristic is a generous, above-average lot size of nearly 7,900 sq ft, which ranks in the top 20% of the neighbourhood and top 12% city-wide. This offers significant outdoor space and potential. The 972 sq ft living area is modest, particularly compared to larger area averages, suggesting a home focused on essentials or one with expansion potential. With an assessed value of $354k, it sits below the Niakwa Place average, indicating a potentially more accessible entry point into the neighbourhood.
The appeal lies in this balance of land and value. It suits a practical buyer—perhaps a first-time homeowner, downsizer, or investor—who prioritizes lot size over interior square footage. It’s a property for someone who sees value in the land itself, whether for gardening, future expansion, or simply more private outdoor space than is typical. The recent sale in 2024 within the $250k-$300k range reinforces its position as a value-oriented option in the market.
Frequently Asked Questions
1. Is the house small compared to others in the area?
Yes. With 972 sq ft of living area, it is notably smaller than the Niakwa Place average of about 1,490 sq ft, ranking in the bottom quarter of homes in the neighbourhood for interior space.
2. What is the main advantage of this property?
The lot size. At 7,889 sq ft, the property offers a significantly larger yard than most homes on its street, in Niakwa Place, and across Winnipeg. This is its standout feature.
3. How does the assessed value compare?
It’s relatively moderate. The $354k assessment is below the neighbourhood average but close to the city-wide average. This suggests you may be paying less for the location but gaining more in land.
4. The home was built in 1971. What should I consider?
As a 55-year-old home, standard inspections for era-appropriate building materials, mechanical systems (like furnace and wiring), and window efficiency are essential. Its age is typical for the street but slightly above the city average.
5. Why did it sell for less than its assessed value in 2024?
A sale price (reported between $250k-$300k) below the $354k assessment can occur for many reasons, including market conditions, the property’s specific condition, or the motivations of the buyer and seller at that time. It highlights the importance of viewing assessment as one factor, not a direct market price.
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