Property Overview: 34 Langley Bay, Fairfield Park, Winnipeg
Key Characteristics & Appeal
This well-situated home at 34 Langley Bay is a standout property within its immediate neighborhood and across Winnipeg. Built in 2007, it offers modern construction in the established Fairfield Park area. The home’s primary strengths are its generous 2,071 sqft of living space, which is notably above average for both the street and the city, and its renovated basement, adding valuable finished square footage. It features an attached garage and sits on a good-sized lot of over 5,700 sqft.
The appeal lies in its proven desirability and strong market position. The home last sold in August 2023, and its assessed value of $62.90k ranks in the top 5% on its own street and the top 6% citywide, indicating it is considered a premium property. This isn't just a spacious home; it's a home that consistently performs well against key metrics in its peer group. It would perfectly suit buyers looking for a move-in ready, modern family home in a mature neighborhood, particularly those who value space, recent updates, and a property with a strong comparative value profile.
Frequently Asked Questions
1. What does the "Top X%" ranking actually mean for a buyer?
It contextualizes the home's specific features against similar properties. For example, being in the "Top 5%" for assessed value on its street means it is officially valued higher than 95% of its direct neighbors, signaling a premium property in that locale.
2. The home sold recently in 2023. Is that a concern?
Not necessarily. A recent sale can indicate a fluid, in-demand property. It provides a very current, transparent market price point ($60.60k) to compare against the assessed value, which can be helpful for understanding market trends.
3. How does the lot size compare?
At 5,728 sqft, the lot is above average for Langley Bay but around the typical size for Fairfield Park and the wider city. This suggests a balanced property with ample outdoor space without the upkeep of an exceptionally large yard.
4. The assessed value seems high relative to the 2023 sale price. Why?
The assessed value ($62.90k) is set for taxation purposes and may reflect a longer-term view or different valuation methodology. The sale price ($60.60k) is what a buyer actually paid at that time. The difference is common and worth discussing with a real estate agent to understand current market conditions.
5. What is a "cabover" building type?
A "cabover" style typically refers to a house where the second story extends over part of the ground floor, often creating a distinctive street-facing roofline. It's a common design for many modern two-story homes built in the 2000s.