Property Overview: 1109 Colby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fairfield Park is a well-proportioned, modern property built in 2007. Its key strength lies in its above-average living space (2,181 sq ft) compared to both the neighbourhood and the wider city, offering generous room for families. The home features a renovated basement and an attached garage. While the lot size is more compact than others on Colby Avenue, this often translates to less yard maintenance. The property’s assessed value is consistently above average for its area, indicating a solid investment in a desirable location.
The appeal here is for buyers seeking a move-in ready, spacious home from the 2000s that balances size with manageability. It would suit growing families or professionals who want ample indoor living space without the upkeep of a large yard. A thoughtful perspective is that its "around average" standing on its own street suggests it fits seamlessly into the block without being an outlier, offering neighbourhood consistency. Its city-wide rankings in the top tiers for size and value highlight that this is a competitively sized property for Winnipeg as a whole, not just its immediate area.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than many lots on Colby Avenue, it is near the city-wide average. This typically means lower exterior maintenance and potentially a more efficient use of outdoor space, but may limit expansion or extensive landscaping projects.
2. Is the assessed value a reliable indicator of the likely sale price?
Not directly. The assessed value for municipal taxes is $58,70k, but the home last sold for $630k in September 2022. Market conditions, recent renovations, and buyer demand are the primary drivers of sale price, so consulting recent comparable sales is essential.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A buyer should inquire about the scope of work, the quality of finishes, whether permits were pulled, and if it includes a legal secondary suite or additional bedrooms.
4. How does this home compare to others in Fairfield Park?
The data shows this home ranks above average for living area, assessed value, and year built within the neighbourhood. It offers more interior space and is newer than many area homes, though on a somewhat smaller lot.
5. What are the implications of the home being built in 2007?
A 2007 build is relatively modern, likely meaning updated wiring, plumbing, and building materials compared to much of Winnipeg's older housing stock. However, it is now nearly 20 years old, so key components like the roof, HVAC system, and major appliances may be nearing the end of their typical lifespans and should be inspected.