Property Overview & Appeal
218 Shore Street is a well-maintained, one-storey home in Winnipeg's Fairfield Park neighbourhood. Built in 2008, it is a notably newer property compared to most homes in the city, offering modern construction and likely fewer immediate maintenance concerns. Key features include a renovated basement and an attached garage. With 1,253 sqft of living space and a 4,799 sqft lot, its size is very average for its immediate street but more compact compared to larger lots typical in the wider Fairfield Park area.
The primary appeal lies in its move-in readiness and modern age within an established neighbourhood. It represents a practical, low-maintenance entry point into a stable community. The home suits first-time buyers seeking a modern foundation without the premium of a brand-new build, or downsizers looking for a single-level layout with updated spaces. A thoughtful perspective is its city-wide value: while it feels average on its street and smaller in its neighbourhood, its assessed value ranks highly compared to all Winnipeg homes, suggesting it may offer solid value for money in the broader market.
Frequently Asked Questions
1. How does the home’s size compare to the area?
The living space is quite typical for Shore Street itself but is below the average for the larger Fairfield Park neighbourhood, which tends to have larger homes. This can mean a more efficient layout and lower utility costs.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and whether it includes added bedrooms, a legal suite, or simply finished living space.
3. The assessed value seems low. Why is that?
The assessed value is for municipal tax purposes and is not the market value. The home recently sold for $52,900, which is closer to its likely market price. The high city-wide ranking for assessed value indicates that, for its tax assessment, it compares very well to many Winnipeg properties.
4. Is the property a good investment compared to the rest of Winnipeg?
The data shows that for its assessed value, this property ranks in the top 20% city-wide, meaning it holds a relatively high value position compared to a vast number of Winnipeg homes. This can be a positive indicator of its underlying value proposition.
5. What are the neighbours like?
Given the consistent year-built data, several immediate neighbours on Shore Street (e.g., 216, 222 Shore Street) are likely of a similar vintage (early 2000s), suggesting a pocket of newer homes within the older neighbourhood. This can indicate a streetscape with similar maintenance timelines and potentially similar demographics.