Property Summary: 1095 Colby Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fairfield Park, built in 2007, presents a practical and modern living space. Its key appeal lies in its above-average size and contemporary build relative to its surroundings. With 2,188 sqft of living area and a renovated basement, it offers substantial interior space that ranks well above the Winnipeg average. The attached garage adds everyday convenience. While the lot size is more compact compared to immediate neighbours, this often translates to less yard maintenance and a efficient use of space. The home’s assessed value consistently places it in the top tier of its local market, suggesting a solid investment in a desirable area.
This property would suit buyers looking for a move-in ready, modern home without the upkeep of an older property. It’s ideal for small families or professionals who value interior square footage and modern amenities over a large garden. The data indicates it offers a "best in class" package for its street and neighbourhood in terms of living space, age, and value, making it a strong contender for buyers prioritizing a smart, long-term purchase in a well-established area.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than many lots on the same street, it is close to the city-wide average. This typically means lower maintenance and potentially lower property taxes, while still providing adequate outdoor space for a patio or small garden.
2. Is the assessed value a reliable indicator of the likely sale price?
The assessed value is for municipal tax purposes. Notably, the home last sold in early 2021 for a price significantly higher than its assessed value at that time, suggesting market conditions often drive the sale price above the official assessment.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the details. A viewing or inquiry with the listing agent is necessary to understand the finish, layout, and potential for a secondary suite or recreational space.
4. How does the home’s age (2007) benefit a buyer?
Built in 2007, the home is newer than most in Winnipeg. This generally means modern building codes, more contemporary floor plans, and potentially fewer immediate major repairs compared to much older stock, though key components like the roof or HVAC may be nearing their typical lifespan.
5. What is the neighbourhood character of Fairfield Park?
The presence of many similarly valued homes nearby suggests a stable, established community. The consistent year-built data for the area indicates it's a mature neighbourhood with pockets of newer construction, like this home, offering a blend of established greenery and modern housing.