1155 Fairfield Avenue

Property Overview

This two-storey home at 1155 Fairfield Avenue in Winnipeg's Fairfield Park neighbourhood presents a balanced, modern offering. Built in 2008, it is notably newer than most city-wide housing stock. The 2,074 sqft living space is comfortably above the Winnipeg average, providing ample room for family life. Key features include a renovated basement and an attached garage. The lot is a standard size for the area at just over 5,700 sqft.

Its primary appeal lies in its relative modernity and space within an established neighbourhood. It suits buyers looking for a home that requires less immediate upkeep than an older property, but who still want a traditional neighbourhood feel. A thoughtful perspective is that while the home ranks as "around average" within its immediate street and area for size and value, it stands out significantly when compared to the entire city, offering more space and a newer build than roughly 90% of Winnipeg homes. This positions it as a strong, above-average city-wide property that is very much in line with its local community.

Frequently Asked Questions

1. How does this home compare to others in Fairfield Park?
The data shows it is very much in line with the neighbourhood. Its living area, assessed value, and land size all rank in the middle third of comparable Fairfield Park homes, while its 2008 build date makes it newer than about 90% of them.

2. What is the significance of the "city-wide" rankings?
While the home is typical for Fairfield Park, it is a standout compared to all Winnipeg properties. It offers more living space than about 91% of city homes and is assessed higher than about 90% of them, highlighting its above-average position in the broader market.

3. Has the property value increased?
Based on available sale data, the home sold for $47,500 in 2017 and $49,800 in 2021. The assessed value is currently listed at $57,700. For precise current market value and trends, consultation with a local real estate professional is recommended.

4. What does "renovated basement" typically mean here?
While specifics should be confirmed via inspection or listing details, in a 2008 home this generally indicates a finished lower level that has been updated, likely creating additional living, recreational, or utility space.

5. Are there any obvious concerns from the data?
The provided statistics show no major outliers. The lot size is slightly smaller than the area average but not significantly. The consistent "around average" rankings for the immediate area suggest the property is neither over-improved nor under-improved for its location, which can be a positive for stable value.