Property Overview: 7 Langley Bay, Fairfield Park, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fairfield Park is a solid, well-positioned property built in 2007. With 1,959 sqft of living space and an attached garage, it offers practical family-sized accommodation. Its key appeal lies in its balance and established context. The home sits on a standard city lot and features a renovated basement, adding valuable finished space.
Statistically, the property consistently performs "around average" for its immediate street and neighborhood in terms of size, land, and assessed value, but it stands out as "above average" citywide. This suggests you're getting a home that fits comfortably within a stable, mature area rather than an outlier. Its 2007 build date is notably newer than the Winnipeg city-wide average, offering more modern construction without being brand new.
This home would suit buyers looking for a move-in ready, low-drama property in a settled community. It’s ideal for those who value being in line with neighborhood norms—not the biggest or most expensive on the block, but a comfortable and competitive offering. The renovated basement adds functional flexibility for a growing family, a home office, or recreational space.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it is very typical for Langley Bay and Fairfield Park in terms of living space, lot size, and value. Its strength is consistency; it's a representative home for the area, not an under or over-performer.
2. The assessed value seems low. Is that accurate?
The assessed value figures shown (e.g., $57.70k) are for comparison ranking purposes only and do not reflect market value or municipal property tax assessment. The rankings indicate that for its comparison group, this home's assessed value is above average citywide.
3. What does the sold price history indicate?
The home sold recently in July 2024. The price range shown places it in the top 6% citywide for that sale period, suggesting strong market performance compared to all Winnipeg sales at that time.
4. Is the 2007 build date a significant advantage?
Yes, particularly from a city-wide perspective. It ranks in the top 13% for age, meaning it is significantly newer than most Winnipeg homes, which could imply fewer immediate major repairs or updates compared to older stock.
5. What is the potential downside of a home that is "average" for the street?
While it indicates stability, it also means the home doesn't have a standout feature (like an exceptionally large lot or premium upgrade) that would dramatically differentiate it from neighbors. Its value appreciation will likely be closely tied to the overall neighborhood trend.