Property Overview: 54 Wayfield Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Fairfield Park offers a practical and modern living space. Built in 2006, it features 1,434 sqft of living area, a renovated basement, and an attached garage on a standard city lot. Its core appeal lies in its balance: it’s a newer, turn-key property in a settled neighbourhood without the premium price of a brand-new build. The renovated basement adds valuable flexible space, ideal for a family room, home office, or guest suite.
The home’s metrics reveal thoughtful nuances. While its size is modest for the immediate area, it stands above the Winnipeg average, suggesting efficient use of space. Its assessed value is notably strong citywide, indicating solid underlying value compared to the broader market. This combination makes it particularly suited for first-time buyers seeking a move-in-ready home, downsizers looking for single-level living without sacrificing space, or pragmatic investors attracted by its modern amenities and competitive positioning in the city’s valuation landscape.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around average for its street but below the average for the wider Fairfield Park area. However, citywide, it ranks in the top 17%, meaning it holds its value very well compared to the average Winnipeg home.
2. Is the living space smaller than other homes nearby?
Yes, at 1,434 sqft, the living area is below the current average for both Wayfield Drive and Fairfield Park. This suggests a more efficient, potentially easier-to-maintain footprint compared to larger homes in the neighbourhood.
3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and functionality of the space.
4. The home sold recently in June 2023. What does that mean?
The previous sale provides a very recent market price point (approximately $56.20k higher than the current assessed value), offering a clear benchmark for how the market valued the property just a year ago, which is useful for understanding current pricing.
5. How does the year built affect this property?
Built in 2006, the home is significantly newer than the average Winnipeg home (1966). This typically suggests more modern construction standards, wiring, and major systems, potentially reducing immediate repair costs while still allowing any early-build issues to have been addressed by previous owners.