1101 Colby Avenue

Property Overview: 1101 Colby Avenue, Fairfield Park, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 2007, offers modern construction in a well-established Winnipeg neighbourhood. Its primary appeal lies in its generous 2,188 sqft of living space, which is notably above average for both the local area and the city overall, providing ample room for a growing family or those who value spacious interiors. The home features an attached garage and a full, unrenovated basement presenting a blank canvas for future customization.

The property suits buyers looking for a turn-key, relatively newer home in a mature neighbourhood without the maintenance concerns of an older build. It’s particularly well-matched for those who prioritize interior square footage over a large yard, as the lot size is more compact compared to others on the street. The assessed value is positioned solidly within the mid-range for the area, suggesting a property that is financially in line with its community, while its last sale price in 2020 indicates a history of value growth above local averages. This combination makes it a practical choice for buyers seeking space, modern amenities, and a stable investment in a convenient location.

Frequently Asked Questions

1. How does the property’s size compare to the neighbourhood?
The living area is a key strength, ranking in the top 22% for size within Fairfield Park. You’re getting more interior space than most comparable homes in the area.

2. Is the lot size typical for the street?
The land area is actually below average for Colby Avenue itself. This means a more manageable yard for maintenance, but less private outdoor space than some direct neighbours.

3. What does “above average” for year built mean?
Built in 2007, the home is newer than approximately 87% of homes across Winnipeg. In Fairfield Park, it ranks in the top 23% by age, meaning major components like roofing, windows, and mechanical systems are likely more recent and efficient than many area homes.

4. The basement is noted as “not renovated.” What should I consider?
This indicates the basement is functional but finished with original or builder-grade materials from 2007. It offers potential to increase the home’s value through a future renovation tailored to your needs, but will require an investment.

5. How is the assessed value positioned?
The assessed value is around the neighbourhood average, which can be seen as stable and representative. It’s important to note that the home last sold in 2020 for a price that was well above area averages at the time, suggesting market value may have appreciated in line with or beyond its assessed value.