Property Overview & Key Characteristics
This two-storey home on a spacious lot in Fairfield Park offers a practical blend of space, modern updates, and established neighbourhood living. Built in 2006, its key appeal lies in its generous 2,093 sqft living area and a fully renovated basement, which significantly expands its functional space. The attached garage and large 4,920 sqft lot are strong practical assets. While its assessed value places it in the top tier for the neighbourhood, its recent sale history suggests it may offer relative value compared to newer builds.
The property is well-suited for growing families or those needing flexible living areas, thanks to the finished basement. It also appeals to buyers seeking a home that doesn’t require immediate major renovations in a mature, well-ranked area of Winnipeg. A thoughtful perspective is that while the home is newer than many in the wider city, it’s on the older side for its immediate street, potentially striking a balance between established infrastructure and modern build standards.
Frequently Asked Questions
1. How does the property rank for size and value in the area?
The living area is in the top 12% for the neighbourhood, indicating it's notably larger than many nearby homes. Its assessed value is also in the top 12% for Fairfield Park, aligning it with higher-value properties in the area.
2. What is the significance of the renovated basement?
The listing confirms a "renovated" basement. This is a major functional upgrade, adding finished living space without the need for a future project, which is a key advantage over homes with unfinished lower levels.
3. Is the property newer or older compared to its surroundings?
Built in 2006, the home is newer than 84% of properties across Winnipeg. However, on its own street, it ranks in the top 28%, meaning several neighbouring homes are newer, placing it in a developed but not brand-new streetscape.
4. What can recent sale history tell us?
The home sold in 2021 for $56.50k and previously in 2017 for $460k. The 2017 price appears to be a notable peak. The 2021 sale price, closer to the current assessed value, may give a more grounded reference point for recent market activity.
5. How does the lot size compare?
At 4,920 sqft, the land area is substantial, ranking in the top 15% on its street. This offers more outdoor space than many comparable properties, which is a valued feature for privacy, recreation, or future landscaping.