Property Overview
This two-storey home at 1077 Colby Avenue in Winnipeg's Fairfield Park neighbourhood presents a compelling blend of modern convenience and established community living. Built in 2012, it is notably newer than most homes in its immediate area and across the city, offering contemporary construction and likely fewer major maintenance concerns in the near term. With 2,050 sqft of living space and a renovated basement, it provides ample room for a growing family or those who appreciate dedicated space for work or leisure. The attached garage and a generous 6,113 sqft lot add practical daily value.
The home’s appeal lies in its above-average positioning. While it fits comfortably within its own street and neighbourhood in terms of size and value, it stands out city-wide for its spaciousness, modern build year, and assessed value—all ranking within the top 10% of Winnipeg homes. This suggests a property that has kept pace with or exceeded broader market trends. It would suit buyers looking for a move-in ready, relatively new home in a mature area, who want the space of a larger property without the upkeep of an older, character home. It’s a solid choice for pragmatic buyers seeking a modern floor plan and the stability of an established neighbourhood.
Frequently Asked Questions
How does this home compare in age to others nearby?
Built in 2012, this is one of the newest homes on Colby Avenue (ranking in the top 2%) and in the wider Fairfield Park area. This is a significant advantage, as the average build year for comparable city-wide homes is 1966.
Is the living space considered large?
At 2,050 sqft, it is above the city-wide average. It is comfortably spacious for the neighbourhood and street, sitting right around the average size for comparable homes in Fairfield Park itself.
What does the assessed value indicate?
The assessed value of $59.20k places the home above average for both the neighbourhood and the city. On its own street, it is around the average. This suggests the property holds its value well within its immediate context and is a strong performer in the broader market.
Is the lot size typical?
The 6,113 sqft lot is slightly above average for both Colby Avenue and the Fairfield Park neighbourhood, providing good outdoor space. It is, however, just slightly below the city-wide average lot size for comparable homes.
What is the recent sales history?
The home sold recently in June 2024 for $62.30k. This sale price ranked in the top 6% city-wide, indicating strong market demand and a successful sale above broader market averages.