1091 Colby Avenue

Property Summary: 1091 Colby Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 2006-built home in Fairfield Park offers a practical, modern foundation with a renovated basement and an attached garage. Its key appeal lies in its balance of space and value. With 1,793 sqft of living area, it provides above-average space for Winnipeg overall, while being a more manageable size within its immediate neighbourhood. The lot, at just under 5,000 sqft, is smaller than most on the street, which translates to less yard maintenance—a potential perk for busy professionals or those seeking a lock-and-leave lifestyle.

The home suits first-time buyers or downsizers looking for a move-in-ready, contemporary property without the upkeep of an older house. Its assessed value is solidly mid-range for the area, suggesting a stable, established purchase rather than a speculative investment. A thoughtful perspective is that while the home ranks below average for lot size on its street, this positions it as a more affordable entry point into a desirable area, offering the same community amenities with a lower property tax base. The 2021 sale price indicates significant market appreciation since its build, pointing to the area's enduring appeal.

Section 2: Frequently Asked Questions

1. Is the smaller lot size a disadvantage?
Not necessarily. While the lot is smaller than many on Colby Avenue, it is near the city-wide average. This typically means less time and money spent on landscaping and yard maintenance, which can be a positive for many buyers.

2. How does the living space compare to the area?
The home offers a balanced size. It has more space than the typical Winnipeg home, but is slightly more compact than the average in Fairfield Park. This often results in a more efficient, cost-effective floor plan to heat and maintain.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specific details on finishes, layout, or permits should be verified by your real estate agent during a viewing and in the disclosure documents.

4. The home sold in 2021. What does that mean for the current price?
The 2021 sale provides a recent market benchmark, showing strong growth from its original build. The current listing price will reflect market conditions since that date, and a comparative market analysis will be essential to understand its present value.

5. Who are the typical neighbours?
Given the home's age, size, and location, the neighbourhood likely includes a mix of young families attracted to the modern builds, established residents, and professionals. The consistent assessed values on the street suggest a stable, middle-income community.