Property Overview: 240 Wayfield Drive, Fairfield Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fairfield Park presents a compelling blend of space, modernity, and value. Its key characteristics include a generous 2,051 sqft of living area, a renovated basement, and an attached garage, all situated on a standard 5,509 sqft lot. Built in 2007, the property is notably newer than most Winnipeg homes.
The primary appeal lies in its strong positional metrics. The home consistently ranks above average for its size, assessed value, and year built, not just citywide but also within its immediate street and neighborhood. This suggests a well-regarded and established setting. The renovated basement adds immediate functional space without the need for a major project.
This property would suit buyers looking for a move-in-ready family home in a mature neighborhood, who prioritize more modern construction (avoiding the maintenance quirks of much older homes) and appreciate a layout that offers flexible living space. It’s also a sensible choice for value-conscious buyers who see merit in a home that performs well against key metrics on its street and in its area, indicating a sound investment in a stable community.
Section 2: Frequently Asked Questions
1. How does the home’s size compare practically?
At 2,051 sqft, the living space is significantly larger than the Winnipeg average and above average for Fairfield Park. This translates to more room for growing families, dedicated home offices, or comfortable entertaining areas compared to many other options.
2. What does the “above average” assessed value ranking mean?
The assessed value ranks in the top 10% on its street and top 9% citywide. This typically indicates the property is perceived by assessors as having higher value relative to its peers, often due to a combination of its size, condition, newer age, and location. It’s a marker of a premium property within its market segment.
3. Are there any concerns with a 2007 build?
A 2007 build is a significant advantage, placing it in the top 4% of homes by age on its street. This means major components like windows, roofing, and mechanical systems are likely still within their typical lifespan, potentially reducing near-term capital repair costs compared to the city’s average home built in 1966.
4. The lot size is noted as “around average.” Is that a drawback?
Not necessarily. At just over 5,500 sqft, the lot is standard for the area and provides typical backyard space for a neighborhood of this era. The trade-off is that the home itself is larger than average, meaning a greater proportion of the property value is in the finished living space rather than the land—an efficient use for those prioritizing interior square footage.
5. What is indicated by the 2022 sale price?
The home sold for $64.50k in May 2022, a price that ranked in the top 5% for similar sales on its street and citywide at that time. This recent transaction at a premium price point reinforces the property’s strong market position and desirability among comparable homes.