Property Overview: 108 Wayfield Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Fairfield Park is a practical and comfortable offering built in 2006. Its key features include 1,570 sqft of living space, a renovated basement, and an attached garage. The appeal lies in its balance and relative modernity. While the lot size is slightly below average for the immediate area, the home itself is above average in size compared to the wider Winnipeg market, suggesting efficient use of space and a floorplan that may feel more spacious than the neighbourhood norm. Its assessed value positions it as a solid, mid-range property on its street and in Fairfield Park, but notably above average citywide, indicating perceived value and stability in a broader context.
This property would suit first-time buyers or young families looking for a move-in-ready home in an established neighbourhood without the maintenance concerns of an older build. It also appeals to value-conscious buyers who prioritize a renovated basement and attached garage—practical features for Canadian winters—over extensive outdoor space. A thoughtful perspective is that this home represents a "sweet spot": it's newer than the typical Winnipeg home (built 2006 vs. the city average of 1966), yet it's not the newest on the block, potentially offering better value without the premium for the latest construction.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
At just under 5,000 sqft, the lot is smaller than many in Fairfield Park. This means less yard maintenance, which can be a benefit for busy owners, but may limit expansion possibilities or private outdoor space compared to neighbours.
2. What does the "above average citywide" assessment mean?
While the home is typical for its specific area, its assessed value is higher than about 87% of all Winnipeg homes. This suggests it holds stronger value in the broader market context, which can be a positive indicator for long-term equity.
3. Is the renovated basement a full suite?
The listing confirms the basement is renovated but does not specify if it is a legal suite with a separate entrance. This is a key detail to verify for potential rental income or in-law accommodation.
4. How does the 2022 sale price relate to the current assessed value?
The home sold for $56.50k in July 2022, and its current assessed value is $54.50k. This close alignment suggests a stable market valuation without dramatic fluctuations, which can provide confidence in the pricing.
5. What is the neighbourhood feel of Fairfield Park?
The presence of many homes built in the same era (mid-2000s) on Wayfield Drive indicates a cohesive, established subdivision with homes of similar age and likely similar lifecycle maintenance needs, fostering a uniform streetscape.