Property Overview
This two-storey home at 118 Shore Street in Winnipeg's Fairfield Park neighbourhood presents a practical and well-situated offering. Built in 2007, it features 1,527 sqft of living space, an attached garage, and a renovated basement. The property sits on a 5,040 sqft lot, which is notably larger than most on its street.
Its appeal lies in its relative modernity compared to the city's older housing stock and its efficient use of space, offering above-average square footage for both the street and the city overall. The renovated basement adds immediate functional space without the need for a project. A thoughtful perspective is that while the home's assessed value is below average for Fairfield Park, it is above average city-wide, suggesting it may represent a value-conscious entry into a neighbourhood with a wide range of property values. It last sold in June 2022 for $490,000.
This home would suit first-time buyers or small families looking for a move-in-ready property with modern fundamentals and room to grow, especially those who prioritize a newer build and extra lot size over being in the upper tier of the immediate neighbourhood's market.
Frequently Asked Questions
How does this home compare in size to others nearby?
At 1,527 sqft, the living area is above average for both Shore Street and the city of Winnipeg as a whole, though it is below the average for the broader Fairfield Park area.
What is the significance of the lot size?
The 5,040 sqft lot is a standout feature for this street, ranking in the top 13% locally. This offers more outdoor space than most direct neighbours, which is a less common find in newer subdivisions.
Is the assessed value a good indicator of the likely sale price?
Not directly. The municipal assessed value is $49,700 for taxation purposes. The home last sold for $490,000 in 2022, which is the more relevant market benchmark. The low assessment relative to sale price is common and does not reflect market value.
What does "renovated basement" typically include?
While specifics should be verified, this generally means the basement is finished as livable space (e.g., drywalled, with flooring and a ceiling), and may include a recreation room, bedroom, or bathroom. It indicates the space is ready for use, not a raw utility area.
How does the year built affect this property?
Built in 2007, the home is newer than roughly 87% of Winnipeg's housing stock. This often translates to modern building codes, wiring, plumbing, and insulation, potentially reducing immediate repair costs compared to much older homes.