Property Overview: 1208 Colby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fairfield Park is defined by its above-average and elite standings in key metrics. Built in 2008, it is a newer property within its context, ranking in the top 5% on its street for age. Its primary appeal lies in its generous 2,375 sqft of living space, which places it in the top 12% locally and an elite top 4% city-wide, offering substantially more room than the average Winnipeg home. The property sits on a 6,148 sqft lot and features an attached garage. Notably, the basement is present but not renovated, representing a clear opportunity for future customization.
The home suits buyers looking for move-in-ready space in a well-established neighborhood, who also value the potential to add equity through a basement finish. It’s an ideal fit for growing families or those who work from home and need ample room. A thoughtful perspective is that its strong rankings for size, value, and age suggest a property that has been well-maintained and is positioned competitively within its peer group, offering a balance of modern convenience and future potential.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to others?
With 2,375 sqft of living area, this home is significantly larger than average. It ranks in the top 4% of all Winnipeg homes for size, offering space comparable to high-end properties city-wide.
2. What is the condition of the basement?
The listing confirms a basement exists but specifies it is "not renovated." This should be considered a blank canvas for future development, subject to inspections for current condition and potential.
3. How does the assessed value relate to its last sale price?
The current assessed value is $672,000. The home last sold in April 2021 for $610,000. This increase reflects market changes and assessments over a three-year period, but the final market price is determined by current buyer demand.
4. Is the property considered new?
Built in 2008, the home is 18 years old. While not new, it is newer than most homes in Winnipeg (which average from 1966 city-wide) and ranks in the top 10% for age within the Fairfield Park area.
5. What do the rankings and "top X%" badges mean?
These metrics compare this specific property against similar homes on its street, in the Fairfield Park area, and across the entire city. An "elite" or "above average" ranking indicates it outperforms a large majority of peers in that specific category, such as living area or year built.