Property Overview: 120 Wayfield Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Fairfield Park is a solid, modern property built in 2006. Its key appeal lies in offering above-average living space (1,826 sq ft) and a recently renovated basement within a quiet neighbourhood of similar-aged homes. The attached garage and practical layout add to its functional appeal.
The home’s standout characteristic is its efficient use of space. While the lot size is more compact compared to immediate neighbours, this translates to less yard maintenance without sacrificing interior room—a thoughtful trade-off for many. The property consistently ranks above average in assessed value compared to both the city and its street, suggesting it is a well-regarded asset in its area.
This home would best suit practical buyers looking for a move-in-ready property without the upkeep of an older house. It’s ideal for small families, professionals, or downsizers who value interior space and modern finishes over a large garden. Its strong performance in city-wide metrics also makes it a sensible choice for value-conscious buyers seeking a home with proven stability in the broader Winnipeg market.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
The land area is smaller than many lots on the street and in Fairfield Park. This means less exterior maintenance but also more limited private outdoor space. For buyers prioritizing a large yard, this is a consideration; for those seeking a low-maintenance exterior, it’s a benefit.
2. What does the "above average" assessed value indicate?
The assessed value ranks in the top 26% on its street and top 11% city-wide. This typically reflects the property’s condition, improvements (like the renovated basement), and desirability relative to the market. It often correlates with stronger value retention.
3. Is the neighbourhood established or still developing?
With a build year of 2006 and most neighbours from a similar period, Fairfield Park is an established, mature suburb. You can expect settled landscaping and a stable community feel, not ongoing construction.
4. How have the home’s past sales performed?
Historical data shows significant price appreciation between the 2016 and 2021 sales. This trend indicates the area's and property’s growing value, though past performance is not a guarantee of future results.
5. How does this home compare to others on the street?
It offers more living area than the street average. While the lot is smaller, the home itself is larger and has a higher assessed value than most direct comparables, positioning it as a premium offering on Wayfield Drive in terms of the dwelling itself.