Property Overview: 40 Fieldstone Bay, Heritage Park, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Heritage Park offers a blend of space, established character, and a strong positional value within its immediate neighbourhood. Built in 1966, the 1,206 sqft home sits on a notably generous 7,265 sqft lot, which ranks in the top 15% citywide for land area. This provides ample outdoor space and potential. The home features a renovated basement and a detached garage.
Its primary appeal lies in its standout performance relative to its own street and area. The property's assessed value ranks in the top 7% on Fieldstone Bay and the top 30% in Heritage Park, suggesting it is viewed as a premium property within these local contexts. While its living space is around the city average, it is above average for its specific street. This creates an interesting dynamic: it's a home that offers more land and perceived value than most of its direct neighbours, in an established area with mature surroundings.
This property would suit a buyer looking for a solid, single-level home in a mature Winnipeg neighbourhood, who values a larger lot for gardening, recreation, or future expansion. It’s ideal for someone who appreciates the stability of an area where homes hold their value well relative to nearby properties, and who may see potential in the renovated basement for additional living space.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is significantly above average for Fieldstone Bay itself (top 7%) and above average for the wider Heritage Park area. This indicates it is considered a higher-value home within its immediate community compared to many neighbours.
2. Is the lot size a significant feature?
Yes. The lot is over 7,200 sqft, which is larger than approximately 85% of residential lots in Winnipeg. This is a key asset, offering more privacy, yard space, and potential than is typical.
3. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope or finishes. This would be a key point for a viewing or direct inquiry with the listing agent to understand the quality and layout of the living space.
4. The home sold in late 2020. What can that price history tell me?
The past sale price provides a historical benchmark, but market conditions have likely changed. The more relevant data point may be its current high assessed value ranking on the street, which suggests its official valuation has remained strong relative to peers.
5. How does the living space compare, given it's a one-storey home?
At 1,206 sqft above grade, it offers slightly more space than the average home on its street. When combined with the renovated basement, the total usable living area is likely quite comfortable for a bungalow layout.