Section 1: Property Overview
This well-situated Fairfield Park home offers a balanced, move-in-ready proposition. Its key characteristics include a renovated basement, an attached garage, and a 2006 build that provides modern fundamentals without the premium of a brand-new property. The appeal lies in its solid positioning within a stable neighbourhood. While its living space is modest for the immediate area, it is above average citywide, suggesting efficient use of space. The lot size is notably generous for its street, offering good outdoor potential. The assessed value indicates a property that holds its worth competitively both locally and across Winnipeg.
This home would suit practical buyers looking for a low-maintenance, established property in a mature neighbourhood. It’s a strong fit for first-time homeowners or downsizers who value a renovated basement for extra living space and a manageable yard. A thoughtful perspective is that this property represents a "middle ground"—it’s not the largest or newest on the block, but its above-average lot and citywide rankings in key metrics suggest a value that is less volatile and potentially easier to maintain and insure than much older homes.
Section 2: Frequently Asked Questions
Q: How does this home compare in size to others nearby?
A: At 1,593 sqft, the living area is slightly below the average for Fairfield Park but is above the average for Winnipeg as a whole. This indicates a reasonably sized home in a neighbourhood of generally larger properties.
Q: What does the assessed value tell me?
A: The assessed value of $53.60k (note: this appears to be a truncated figure; typical Winnipeg assessed values are in the hundreds of thousands) is very close to the average for both the street and the neighbourhood, and ranks well above average citywide. This suggests the property is valued consistently within its immediate market.
Q: Is the lot a good size?
A: Yes. The land area of 5,509 sqft is above average for Wayfield Drive itself, offering more outdoor space than many direct neighbours, which is a less obvious advantage in a built-up area.
Q: How old is the property, and what does that mean for maintenance?
A: Built in 2006, the home is about 20 years old. This typically means major systems (roof, windows, HVAC) may be approaching or within their typical replacement windows, so a thorough inspection is advisable. However, it avoids the potential issues of much older wiring or plumbing.
Q: What is the context of the last sale price?
A: The home sold for $44.90k in July 2019. It is crucial to note that this historical price is not a reflection of current market value. Comparing it to the current assessed value and recent neighbourhood sales is essential for understanding today's market position.