Property Overview: 36 Raphael Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fairfield Park is a standout property that combines spacious, modern living with a generous lot. Built in 2007, it offers a contemporary layout with 2,381 sqft of living space and a renovated basement. The attached garage and sizable 11,014 sqft lot add significant practical appeal.
The home’s primary draw is its elite positioning within the broader market. While it is a solid, above-average home on its own street, its true value becomes clear in a wider context. Compared to all homes in Fairfield Park and across Winnipeg, it ranks in the top 10% and top 5% respectively for living area, assessed value, and land size. This means you get a property that is notably larger and more valuable than most in the city, yet situated in a specific neighbourhood where such a package is rare. Its two recent sales (2021 and 2025) also show strong, appreciating value.
This property would perfectly suit a buyer looking for space and modern comforts without venturing into brand-new suburbs. It’s ideal for a growing family that values both indoor room to grow and substantial outdoor space for play or gardening. It also appeals to the value-conscious buyer who understands the advantage of owning a home that outperforms most of the market on key metrics, offering a blend of immediate livability and long-term investment strength.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical city lots?
The lot is exceptionally large at just over 11,000 sqft. This places it in the top 5% of all residential lots in Winnipeg, offering rare potential for expansion, landscaping, or simply enjoying more private outdoor space.
2. The home sold recently in 2025 and before that in 2021. What does this indicate?
The two sales in a relatively short period suggest a desirable and liquid property. The increase in sale price from $670k in 2021 to $820k in 2025 indicates strong appreciation, which can reflect both market trends and the specific value of this home’s characteristics.
3. Is the renovated basement included in the living area square footage?
Typically, finished basement space is not included in the official living area (above-grade) calculation. The 2,381 sqft likely refers to the main and upper floors. The renovated basement provides additional, valuable living space on top of that figure.
4. The assessed value seems low compared to the sale price. Why?
Municipal assessed value for property tax purposes often lags behind the current market value and is calculated using a specific formula. The recent sale price of $820k is a much more accurate reflection of the home’s current market value.
5. What is the significance of the home’s rankings within Fairfield Park specifically?
While the home is newer and larger than average on its own street, its "Elite" rankings within the wider Fairfield Park neighbourhood are more telling. It means you are purchasing one of the largest, most valuable properties in the area, which can be a advantage for future resale and equity.