Property Overview
This well-maintained cabover home at 1140 Comdale Avenue in Fairfield Park offers a practical and modern living space. Built in 2006, its key features include 1,487 sqft of living area, a renovated basement, and an attached garage on a 4,920 sqft lot. The home recently sold for $500,000.
Its appeal lies in its move-in-ready condition with recent updates, and its position as a relatively newer construction in a city where many homes are older. The data presents an interesting perspective: while the house ranks below average in size and value within its immediate street and neighborhood, it is above average citywide for assessed value and age. This suggests it represents a solid, modern property in a well-established area, possibly offering a balance of newer amenities within a mature community.
This property would suit first-time buyers or downsizers looking for a low-maintenance, modern home without a major renovation project. It would also appeal to value-conscious buyers who prioritize a home's condition and age over having the largest lot or square footage on the block.
Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home sold for $500,000 in October 2024, which is significantly higher than its $50,500 assessed value. This is common, as municipal assessed values for tax purposes often do not reflect current market value.
2. Is the living space smaller than other homes nearby?
Yes. At 1,487 sqft, the living area is below the average for both Comdale Avenue and the wider Fairfield Park neighborhood. However, it is close to the citywide average, indicating it's a reasonably sized home for Winnipeg overall.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing or inquiry with the listing agent would be necessary to determine the finish quality, layout, and whether it includes a legal suite or additional bedrooms.
4. How does the lot size affect the property?
The 4,920 sqft lot is smaller than most in Fairfield Park. This means less yard maintenance but also less private outdoor space. It's a practical lot for those not wanting extensive gardening, but may not suit those seeking a large backyard.
5. The home is newer than most in the city, but average for the neighborhood. What does this mean?
Built in 2006, the home is significantly newer than the Winnipeg average (1966). In Fairfield Park, it's about average age. This indicates you're buying into a pocket of the neighborhood with more contemporary construction, potentially meaning fewer immediate repairs than with an older character home, while still being part of an established community.