Property Summary: 1109 Fairfield Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, modern one-storey home built in 2008, offering a practical layout with a renovated basement and an attached garage. Its primary appeal lies in its relative newness compared to most Winnipeg housing stock, suggesting fewer immediate major repairs and modern building standards. The home sits on a standard city lot, providing manageable outdoor space.
While its living space (1,384 sqft) is modest for the immediate Fairfield Park area, it is very close to the city-wide average, positioning it as a comfortable, efficient home rather than a sprawling one. This creates an interesting value perspective: the property is assessed and priced notably higher than the Winnipeg average, yet it is one of the more affordable and newer homes within its own desirable neighbourhood. It would suit first-time buyers or downsizers seeking a modern, low-maintenance property in an established area without the premium for a larger footprint. The recent renovation of the basement also adds flexible living space, appealing to those who value finished areas for family, guests, or a home office.
Frequently Asked Questions
1. Is this home a good value for the neighbourhood?
Based on assessed value and living area, this home is priced below the average for Fairfield Park. For a buyer seeking a newer home in the area, it represents a more accessible entry point compared to larger, potentially older properties.
2. How does its size compare to a typical Winnipeg home?
Its living area is very close to the Winnipeg city-wide average, making it a standard-sized home for the broader market, though it is considered compact within its own neighbourhood.
3. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation typically means the basement is finished as a livable space, which may include bedrooms, a family room, or a bathroom. It's important to verify the permits and quality of the renovation.
4. The assessed value seems low compared to recent sale prices. Why?
Manitoba property assessments are not equivalent to market value. The assessment is for taxation purposes. The home last sold in January 2024 for $51,800, which is much closer to its current market price.
5. What are the advantages of a 2008 build?
A home from 2008 benefits from modern construction codes, materials, and energy efficiency standards. It likely has updated electrical wiring, plumbing, and insulation compared to much of Winnipeg's older housing inventory, potentially reducing near-term upgrade costs.