Property Overview: 1135 Colby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fairfield Park offers a practical and comfortable living space. Built in 2005, it benefits from modern construction standards while avoiding the premium often attached to brand-new builds. Its key appeal lies in its balance: a 1,657 sqft living area that feels spacious city-wide, paired with an above-average 6,147 sqft lot, providing ample outdoor room. The home features a renovated basement and an attached garage.
Its value proposition is nuanced. On its own street and in the immediate neighbourhood, the house sits around average for size and assessed value, suggesting it blends seamlessly into a stable area. However, when viewed across Winnipeg, it stands out as above average in living space, lot size, and assessed value, indicating a strong foundational investment compared to the broader market. This home would suit buyers looking for a move-in ready, single-level layout without the upkeep of an older property, and who prioritize a generous yard in a mature neighbourhood. It’s a solid choice for those seeking a balanced property that performs well on city-wide metrics without being the most expensive on the block.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is around the average for both Colby Avenue and the wider Fairfield Park area, suggesting it is priced consistently with its direct peers. Notably, its assessed value ranks in the top 13% city-wide, indicating strong underlying value compared to the entire Winnipeg market.
2. Is the living space considered large for Winnipeg?
Yes. While slightly below average for its immediate street, the 1,657 sqft of living area ranks in the top 23% across the city, meaning it offers more space than most Winnipeg homes.
3. What are the advantages of a 2005 build?
Constructed in 2005, the home is newer than approximately 85% of Winnipeg’s housing stock. This typically means fewer immediate major repairs, modern wiring and insulation standards, and a layout that suits contemporary living, all without the price volatility sometimes seen in very new subdivisions.
4. How does the lot size compare?
The lot is a significant feature. At 6,147 sqft, it is larger than most on its street and in Fairfield Park, ranking in the top 22% and 28% respectively. This offers more privacy, gardening space, and outdoor potential than many comparable properties.
5. What does the “renovated basement” include?
The listing confirms a renovated basement but does not specify the scope. Prospective buyers should inquire about the finish quality, permits, and whether it includes added bedrooms, a legal suite, or simply updated living space. This detail significantly impacts the home’s utility and value.