Property Overview: 1118 Colby Avenue, Fairfield Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2005, presents a practical and comfortable living space in Winnipeg's Fairfield Park neighbourhood. Its key characteristics include a renovated basement, an attached garage, and a living area of 2,084 sqft, which is notably spacious compared to the Winnipeg average. The lot size is standard for the local area, offering manageable outdoor space.
The primary appeal lies in its balanced positioning. The home isn't an outlier in its immediate area but represents a solid, above-average offering city-wide, particularly in terms of living space and modern build year. It suits buyers looking for a move-in-ready family home without extreme premiums, offering more interior space than many city properties while being on par with neighbourhood norms. A thoughtful perspective is that its "average" standing on the street and in Fairfield Park suggests a stable, established community without wild value fluctuations, appealing to those seeking predictability. The renovated basement adds flexible living space, a significant asset for growing families or those needing a home office or recreational area.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others in Winnipeg?
With 2,084 sqft of living area, this home is in the top 9% city-wide, meaning it is significantly more spacious than over 90% of comparable Winnipeg properties.
2. Is the assessed value a reliable indicator of the expected sale price?
Not directly. The assessed value is for tax purposes. Notably, a nearby, smaller home on Shore Street sold for $530k in early 2023, which is a more relevant, though not guaranteed, market indicator.
3. What does the "below average" rank for Year Built in Fairfield Park mean?
It indicates the home is newer than most in the neighbourhood. Fairfield Park has many older homes, so a 2005 build is in the top 10% newest for the area, suggesting less immediate need for major system updates.
4. How is the lot size for the area?
At 5,409 sqft, the lot is slightly below the average for Colby Avenue but is generally aligned with the typical lot size across the wider Fairfield Park area, offering a standard suburban yard.
5. Who might this property best suit?
It's an ideal fit for families or professionals seeking a spacious, modern home in a stable neighbourhood. It offers more interior room than the city norm without the premium lot size or value that commands top-tier pricing, representing a practical compromise focused on living space.