Property Overview: 242 Shore Street, Fairfield Park, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2007, presents a well-maintained and modern footprint within a mature Winnipeg neighbourhood. Its key appeal lies in a balanced combination of space, updates, and a generous lot. The 1,593 sqft living area is notably above average for its immediate street and city-wide, offering comfortable room for a family. A significant feature is the fully renovated basement, which adds valuable finished space and modern convenience. The property stands out on its street with a large 6,241 sqft lot, providing ample outdoor space for gardening, play, or expansion, a rarity for newer builds. With an attached garage and a 2007 build date, it offers the low-maintenance benefits of a relatively recent construction.
The home’s assessed value positions it as a premium property on its street and within the wider city, suggesting strong finishes and condition. It would suit buyers looking for a move-in ready family home in a settled area, who prioritize both indoor living space and substantial outdoor room. It’s particularly suited for those wanting a newer build’s efficiency without a postage-stamp lot, or for future-minded buyers who see value in the potential a large lot provides.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is above average for Shore Street and ranks highly city-wide, but is slightly below the average for the broader Fairfield Park neighbourhood. This suggests it offers strong value for its specific street and may be positioned attractively within the larger, and generally more expensive, Fairfield Park area.
2. Is the lot size typical for the area?
No, the lot is a standout feature. At over 6,200 sqft, it ranks in the top 6% on Shore Street and the top 17% in Fairfield Park, meaning it is significantly larger than many of its neighbours and offers more privacy and yard space.
3. What does the sale history indicate?
The property sold in 2022 for $57,500. While direct price comparisons are complex, the history shows active market interest in recent years. The increase from its 2017 sale price aligns with broader market trends over that period.
4. What is the neighbourhood like for a 2007 home?
Fairfield Park is an established neighbourhood, so a 2007 home is one of the newer constructions on the block. This means you benefit from modern materials and building standards while being integrated into a mature community with developed trees and amenities.
5. Who might this property not suit?
Buyers seeking a historic character home or a brand-new build in a suburban subdivision may find the 2007 build date and established neighbourhood a middle ground. Additionally, those with no need for a large yard or a renovated basement may find the value proposition weighted toward features they may not fully utilize.