Property Overview
This two-storey home at 1221 Fairfield Avenue in Winnipeg's Fairfield Park neighborhood presents a compelling blend of space, modernity, and established value. Built in 2007, it offers over 2,200 square feet of living space, placing it well above average for both the immediate street and the wider city. The property sits on a generous 6,149 sqft lot and features an attached garage and a renovated basement. Its appeal lies in its position as a substantially sized, relatively modern home in a mature neighborhood, offering more interior space than approximately 95% of Winnipeg homes. The assessed value is consistently ranked in the top tiers of its peer groups, suggesting a solid and recognized market value.
This home would suit buyers looking to avoid the wait and uncertainties of new construction while still acquiring a modern layout and systems. It's ideal for growing families or those who value ample indoor living space and a sizable yard. A thoughtful perspective is that it offers the space of a newer suburban home but within an established community with mature landscaping and settled infrastructure, potentially providing the best of both worlds.
Frequently Asked Questions
1. How does the home's size compare practically?
With 2,268 sqft of living area, this home is significantly larger than the Winnipeg average (~1,342 sqft). This translates to more room for dedicated spaces like a home office, playroom, or larger primary bedroom, which can be hard to find in similarly priced newer builds.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, the presence of proper permits, whether it includes a bathroom or kitchenette, and if it has a separate entrance, as these factors greatly impact value and utility.
3. Is the assessed value a reliable indicator of the likely sale price?
The assessed value of $66.70k is a strong benchmark, ranking in the top 5-14% of comparable groups. While sale prices are market-driven, this consistent high ranking indicates the property is officially valued well above peers, which often correlates with a higher sale price.
4. The home was last sold in April 2021. What should I consider?
A sale three years ago suggests the current sellers may have undertaken the basement renovation during their ownership. It's wise to ask what other updates have been made and to review the sale history for context on how local values have changed in that period.
5. What are the less obvious advantages of the lot size?
At over 6,000 sqft, the lot is larger than most in the area. Beyond yard space, this provides better privacy from neighbors, greater potential for landscaping or gardening, and may offer more flexibility for future additions like a deck or shed, subject to local bylaws.