Property Overview
27 Langley Bay is a well-proportioned, modern family home in Winnipeg's Fairfield Park neighborhood. Built in 2007, it offers 1,875 sqft of living space on a 5,770 sqft lot, with an attached garage and a renovated basement. Its appeal lies in its strong, above-average positioning within its immediate area—particularly in assessed value and lot size—while offering more space than the typical Winnipeg home. This property suits buyers looking for a move-in ready, relatively contemporary home in an established neighborhood, who value space and a solid investment profile over a brand-new build.
Key Characteristics & Ideal Buyer
The home’s key characteristics are its modern age (2007), generous living area, and notably above-average assessed value for its street and neighborhood. The renovated basement adds functional living space. Its appeal is grounded in data: it ranks in the top 13-21% for assessed value in its local comparisons, suggesting a premium property within Fairfield Park. The lot size is also larger than most on its street. While the living area is average for the immediate area, it is substantially larger than the Winnipeg citywide average, offering more room than most homes in the city.
This property would best suit practical, value-conscious buyers—perhaps growing families or professionals—who want a home that stands out in its local market without the premium of a brand-new subdivision. It’s for someone who appreciates a neighborhood with mature infrastructure and wants a home that has already undergone key updates, like the basement renovation. A less obvious perspective is that this home represents a "safe harbor" within its market segment: its strong comparative metrics suggest it may hold its value resiliently, appealing to buyers who view a home as a long-term financial anchor as much as a living space.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it is a leader on its own street. It ranks 5th of 38 for assessed value and 6th of 38 for lot size on Langley Bay, indicating it is considered a higher-value property among its direct neighbors.
2. Is the living space sufficient for a family?
With 1,875 sqft above grade plus a renovated basement, it offers space well above the Winnipeg citywide average (1,342 sqft). For the Fairfield Park area, it is squarely average, meaning it provides standard family space for this specific neighborhood.
3. What does the "above-average assessed value" actually mean for me?
While not a direct market price, a consistently high assessed value across street, neighborhood, and city comparisons suggests the municipality views the property as a premium asset in its class. This can be a positive indicator for resale value and equity, but the final sale price is always determined by the market.
4. The home was last sold in July 2022. What should I consider?
This recent sale means the current sellers likely have a clear, modern understanding of their purchase price and any improvements made. It suggests a shorter-term ownership, so inquiring about their reason for moving could provide useful context.
5. Are there any potential drawbacks based on this data?
The home’s living area is average for Fairfield Park, so if you are comparing it specifically to larger homes in this neighborhood, it may not stand out on size alone. Its strength is in the combination of its lot size, modern build year, and value assessment relative to other homes.