Property Summary
Key Characteristics & Appeal
This 1967 four-level split at 122 Fairlane Avenue presents a practical and efficient living space in Winnipeg's Crestview neighbourhood. Its key characteristic is a well-proportioned 1,261 sqft of living area, which is notably above average for both the immediate street and the Crestview area, offering more interior space than many comparable homes. A recently renovated basement adds to the move-in ready appeal. The property suits first-time buyers or downsizers seeking a comfortable, low-maintenance home without a large yard, as the lot is smaller than typical for the area. Its assessed value is modest relative to the city, suggesting a potentially accessible entry point into the market. The home’s appeal lies in its efficient use of space on a manageable lot, recent updates, and a location where the interior size outperforms many neighbours. A thoughtful perspective is that the smaller land area translates to less exterior upkeep, which can be a significant benefit for those prioritizing their time and budget on the living space itself.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
The 1,261 sqft living area is in the top 8% on Fairlane Avenue and the top 19% in Crestview, meaning it offers more interior space than most direct comparables in the neighbourhood.
2. Is the property assessed at a typical value for the area?
The assessed value is below the average for both Crestview and Winnipeg citywide, which may indicate a relatively lower property tax burden compared to similar-sized homes in other areas.
3. What should I know about the lot size?
The land area is 3,815 sqft, which is smaller than the average lot on the street and in the broader area. This means a more manageable yard but less private outdoor space.
4. Has the home been updated recently?
The listing confirms the basement has been renovated. Further details on the scope and quality of this and any other updates should be verified through a viewing or disclosure statement.
5. How does the recent sale price relate to its assessed value?
The home sold for $34,700k in September 2024, which is above its $29,60k assessed value. This is common, as market sale prices often differ from municipal assessments used for taxation.