Property Overview: 1220 Colby Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fairfield Park is a balanced offering that combines comfortable, modern living with a generous lot. Built in 2006, it features nearly 2,000 sqft of living space, a renovated basement, and an attached garage. The standout feature is its land: at over 6,100 sqft, the lot size is well above average for both the immediate street and the wider neighborhood, offering notable outdoor space and potential.
Its appeal lies in its solid positioning as a "middle ground" property. It isn't the largest or most expensive home on the block, but it consistently ranks above the city-wide average in size, lot, and value. This suggests a home that provides more space and newer construction than much of Winnipeg, while remaining typical and integrated within its established community. The recently renovated basement adds immediate move-in appeal.
This property would suit practical buyers looking for a family home without extreme premiums. It’s ideal for those who value a larger yard for children or gardening more than having the biggest house on the street. It also suits value-conscious buyers who appreciate that the home is newer than the city median, potentially reducing immediate repair costs, while the lot size offers a long-term asset that is becoming rarer in newer subdivisions.
Frequently Asked Questions
1. How does this home compare to others in the area?
Within Fairfield Park, the living space and assessed value are around the neighborhood average. Its key advantage is the lot size, which is in the top 20% for the area, and its construction date is newer than about two-thirds of area homes.
2. What does the "renovated basement" include?
Specific finishes and the scope of the renovation should be verified with the listing agent or through a viewing. It indicates updated living space below grade, but details on permits, materials, and the work's date are important to confirm.
3. Has the property value increased?
The home sold for $450,000 in 2017 and $540,000 in April 2024. This represents a noticeable increase over seven years. A qualified real estate professional can provide context on how this trend compares to the local market.
4. Is the lot size a significant advantage?
Yes. A lot of over 6,000 sqft in a 2006-built home is less common and provides more private outdoor space, room for additions like a deck or shed, and better spacing from neighbors compared to many modern lots.
5. What is the typical community and street traffic like?
The listing shows several nearby properties on the same block, suggesting a settled, residential street. For specifics on traffic flow, noise, and community atmosphere, visiting at different times of day and speaking with neighbors is highly recommended.