1143 Fairfield Avenue

Property Overview

1143 Fairfield Avenue is a well-maintained, one-storey home built in 2007, offering a practical and modern living space in Winnipeg's Fairfield Park neighborhood. Its key appeal lies in its balance of contemporary construction and a manageable scale. The home features a renovated basement and an attached garage, situated on a standard-sized lot. While its living space (1,185 sq ft) is notably compact compared to most homes on its own street and in Fairfield Park, it is very close to the average size for the entire city, suggesting an efficient, low-maintenance layout. The property’s assessed value is modest relative to its immediate area, yet it ranks above average citywide, indicating a potentially accessible entry point into a established neighborhood.

This home would suit first-time buyers or downsizers seeking a modern, single-level floor plan without the upkeep of an older property. Its below-average price point for the area could appeal to budget-conscious buyers looking for a foothold in the community, or to investors considering a relatively newer build with rental potential. The renovated basement adds valuable flexible space, making it functional for small families or those needing a home office or secondary living area.

Frequently Asked Questions

Is this a small house?
Compared to other homes on Fairfield Avenue and in the wider Fairfield Park area, yes, its living area is significantly smaller than the local average. However, by Winnipeg city standards, it is very close to the typical home size, indicating an efficient use of space.

Why is the assessed value lower than the neighborhood average?
The assessed value is primarily influenced by the home's smaller square footage relative to its immediate peers. This results in a lower valuation for the area, though it remains above the citywide average, reflecting its modern build year and the general desirability of the neighborhood.

What does the sale history indicate?
The property last sold in August 2021 for $50,600. This recent transaction provides a clear, modern benchmark for its market value, showing a sale price very close to its current assessed value.

How does the lot size compare?
At just over 5,300 sq ft, the lot is slightly smaller than the average for the street but fairly typical for both Fairfield Park and Winnipeg overall. It offers standard outdoor space for the city without extensive landscaping demands.

What is the significance of the 2007 build year?
Built in 2007, this home is newer than approximately 87% of all homes in Winnipeg and is above average for its neighborhood. This suggests modern construction standards, potentially fewer immediate major repairs, and more contemporary wiring and plumbing compared to the city's predominantly older housing stock.