Property Overview
This two-storey home at 1168 Fairfield Avenue in Winnipeg's Fairfield Park neighbourhood presents a compelling mix of space, land, and value. Its key appeal lies in its generous proportions. With 2,463 sqft of living space, it ranks within the top 12% of homes on its street and the top 3% city-wide, offering significantly more room than the average Winnipeg home. This is complemented by a large, 8,686 sqft lot, placing it in the top 8% locally for land area, which provides ample outdoor potential and a sense of privacy uncommon in many areas.
The home is older, built in 1989, which is reflected in its assessed value being around the neighbourhood average. However, this also suggests a value proposition: you are acquiring above-average space and land at a price point in line with the area. The basement has been renovated, adding functional living space. This property would ideally suit buyers who prioritize interior square footage and yard size over a newer build, such as growing families seeking room to expand, or value-conscious purchasers looking for a property where the land and living space represent the primary investment.
A less obvious perspective is the home’s city-wide standing. While it may be an older property on its street, its size and lot make it an elite offering compared to the entire Winnipeg market, positioning it as a rare find for those seeking substantial space without a premium suburban price tag.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1989, the home is older than most in Fairfield Park. This is factored into its assessed value, which is around the neighbourhood average. Prospective buyers should focus on the maintenance history, the renovated basement, and consider a thorough inspection, as the core systems and structure are now 35 years old.
2. What are the implications of such a large lot?
The 8,686 sqft lot is a major asset, offering space for gardens, play areas, expansions, or future additions like a garage. It’s important to check local zoning bylaws for any development restrictions or permitted uses to fully understand the possibilities.
3. The living area is large, but how does the layout function?
The listing notes the square footage but not the specific floor plan. Buyers should assess if the space is configured in a way that suits their lifestyle—for example, whether bedrooms are adequately sized and separated, and if the flow between living, dining, and kitchen areas works for their needs.
4. There is no garage. Is adding one feasible?
With the substantial lot size, there is likely space to add a garage or carport. This would be a significant but valuable project. It’s essential to verify setback requirements and obtain cost estimates, as this is a common consideration for buyers accustomed to enclosed parking.
5. The assessed value seems moderate for such a large home. Why?
Assessment considers multiple factors including age, condition, and market trends for similar properties. The 1989 build date and the home’s value being in line with neighbourhood averages indicate that the assessor views the generous space and lot as balanced by the property’s older vintage, creating a value-focused profile rather than a premium one.