Property Overview: 111 Wayfield Drive, Fairfield Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Fairfield Park presents a compelling blend of space, modernity, and value. Built in 2007, it is a notably newer construction compared to most Winnipeg homes, offering contemporary building standards and likely fewer immediate maintenance concerns. The 1,777 sqft living area is spacious for the city and balanced by a generous 7,806 sqft lot, providing ample indoor and outdoor room for family life or entertaining. A key feature is the renovated basement, adding valuable finished space. The home includes an attached garage for convenience.
Its appeal lies in its strong positional value. Within its immediate neighborhood and street, it consistently ranks above or around average for key metrics like size, lot, and year built, suggesting it's a solid performer in a desirable locale. From a city-wide perspective, however, it stands out more distinctly, offering above-average living space and a much newer build date than the typical Winnipeg home. This positions it as a modern, spacious property that may offer more contemporary comforts than many alternatives in its price range.
This property would suit practical buyers looking for a move-in-ready, low-hassle home from this century, especially first-time buyers or growing families who prioritize space and a newer build over a historic character. It also appeals to value-conscious purchasers who recognize the advantage of a larger lot in a newer subdivision—a combination that can be hard to find.
Section 2: Frequently Asked Questions
Q: How does this home truly compare to others in the area?
A: The data shows it's a strong contender on its street and in Fairfield Park. It's newer than 96% of homes on Wayfield Drive and sits on a larger-than-average lot for the neighborhood. It's not the largest or most expensive home on the block, which can be an advantage for value and property taxes.
Q: What does the "renovated basement" typically include?
A: While the listing confirms it is renovated, specific finishes and whether it includes a legal suite or additional bedrooms should be verified with the listing agent or during a viewing. This adds flexible living space but understanding its configuration is key.
Q: The assessed value seems significantly lower than the last sale price. Why?
A: The City's assessed value for taxation purposes ($55.40k) is a formula and does not reflect current market value. The home sold for $55.10k in July 2023. Always rely on a comparative market analysis from your realtor for true market value.
Q: Is the lot size a major advantage?
A: Yes, especially for a 2007 build. A lot of nearly 7,800 sqft in a newer subdivision provides excellent outdoor space, potential for gardening, play areas, or future additions like a deck or shed, which is less common in modern developments.
Q: What is the potential downside of a home built in 2007?
A: While modern, it is now nearly 20 years old. A pre-purchase inspection remains crucial to assess the condition of major components (roof, HVAC, appliances) that may be nearing the end of their typical lifespans, even if the home is relatively new.