Property Overview
This two-storey home at 22 Raphael Street in Fairfield Park offers a compelling blend of space, modernity, and established neighbourhood character. Built in 2007, it sits on a generous 10,000+ sqft lot and features a renovated basement and an attached garage. The home’s primary appeal lies in its above-average scale; with nearly 2,500 sqft of living area, it provides significantly more room than most homes in Winnipeg, ranking within the top 3% citywide. This is a property for buyers who prioritize interior space and a relatively modern build without sacrificing yard size. It would suit a growing family seeking room to expand, or someone looking for a home that already offers substantial finished space for work, hobbies, or multi-generational living. A thoughtful perspective is that while its assessed value is elite citywide, it is more average on its own street, suggesting Raphael Street is a uniformly desirable enclave where this home holds its own rather than standing out as an outlier.
Key Details & FAQs
Key Characteristics & Appeal
- Spacious & Modern: A 2,494 sqft two-storey home built in 2007, offering a contemporary layout and a renovated basement.
- Generous Lot: The 10,062 sqft lot is significantly larger than most in the city (top 6%), providing ample outdoor space.
- Strong Locale: The home ranks above average in both size and value within the sought-after Fairfield Park area.
- Ideal For: Growing families, buyers seeking move-in-ready space, and those who value a large property in an established neighbourhood.
Frequently Asked Questions
1. How does this home compare to others in the area?
It is notably larger than most. Its living space is in the top 7% for Fairfield Park and the top 3% citywide, offering more square footage than the vast majority of Winnipeg homes.
2. What is the significance of the 2021 sale price?
The home sold for $750,000 in August 2021. This historical data point is useful for understanding market trends, but the current value would be determined by present market conditions and the property's updated assessed value of $711,000.
3. Is the lot size a major feature?
Yes. At over 10,000 sqft, the lot is well above the neighbourhood and city averages, offering exceptional outdoor potential compared to typical newer subdivisions.
4. What does "renovated basement" imply?
It indicates the lower level has been updated, likely creating additional finished living space. Specifics on the renovation's scope, permits, and finish quality should be verified with the listing agent.
5. The assessed value seems high citywide but average on the street. Why?
This suggests Raphael Street is a consistent, high-calibre street where properties are uniformly desirable. The home’s value is elite compared to all of Winnipeg but aligns with the standard for this specific block, indicating a stable and premium micro-market.