Property Overview
This two-storey home at 54 Langley Bay in Winnipeg's Fairfield Park neighbourhood presents a practical and spacious family living option. Built in 2007, it offers a modern layout without the premium often attached to brand-new construction. With 1,816 sqft of living space and an attached garage, it sits on a standard city lot. The home's appeal lies in its solid, middle-ground positioning: it's a comfortably sized property in a well-established area that doesn't require immediate major updates, as the basement exists but is noted as not renovated. The assessed value is notably above average citywide, yet it ranks below average on its own street, which could indicate a value opportunity within a desirable micro-location.
It would suit buyers looking for a move-in ready family home who prioritize space and a relatively recent build year over high-end finishes. It's also a sensible choice for those who see potential in a functional, unrenovated basement for future customization, avoiding the cost of a fully finished space they might not need immediately.
Frequently Asked Questions
1. How does this home compare to others in the immediate area?
The data shows a interesting contrast. While the home's living area and lot size are around the average for Langley Bay and Fairfield Park, its assessed value is below average for the street. This suggests you may get more interior space for your dollar here compared to some direct neighbours.
2. Is the basement usable in its current state?
The listing specifies the basement is "not renovated." It is a developed space, but likely in a basic, functional condition. Buyers should budget for potential updates to suit their needs and anticipate a inspection to clarify its exact state.
3. What does the assessed value tell us about the property taxes?
The assessed value is a key municipal metric for calculating property taxes. With an assessment significantly above the Winnipeg city average, prospective owners should expect a corresponding property tax bill that reflects this above-average valuation.
4. The home was last sold in November 2020. What should I consider?
A sale just a few years ago suggests a motivated seller may not be the case, but it does provide a relatively recent market price point for comparison. Market conditions have likely shifted since then, so a current appraisal and market analysis are essential.
5. Are the nearby "similar assessed value" properties actually comparable?
The listed properties share the same municipal assessed value, but are in different neighbourhoods like Varsity View and Elmhurst. This is useful for understanding tax implications, but not for direct home comparison. It highlights that value can vary significantly by location, even with an identical assessment.