Property Overview
This two-storey home at 1229 Fairfield Avenue in Winnipeg's Fairfield Park neighbourhood presents a compelling opportunity. Built in 2008, it offers modern construction in a well-established area. The property stands out for its generous 2,247 sqft of living space and a 6,149 sqft lot, both ranking well above average for the street, neighbourhood, and city. It features an attached garage and a basement (not renovated). The home’s assessed value and recent sale price also place it in the top tiers of its peer groups, suggesting a solid investment in a desirable location.
Key Characteristics & Appeal
The primary appeal of this home lies in its space and relative modernity within a mature neighbourhood. Buyers get a newer build (2008) without sacrificing the larger lot sizes and established character of Fairfield Park. The living area is notably spacious, offering room for growing families or those who value ample indoor space. Its strong rankings across key metrics—from square footage to assessed value—indicate a property that outperforms many of its local and city-wide peers, which often translates to better resale value and desirability.
This home would suit buyers looking to move into a family-friendly neighbourhood without taking on an older home that might require significant updates. It’s ideal for those who prioritize interior space and a newer building envelope but still want a traditional neighbourhood feel. A thoughtful perspective is that the unrenovated basement presents a blank canvas for future customization, allowing new owners to add value and tailor the space to their needs without the premium of a already-finished product.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this home ranks above average in nearly every category for Fairfield Avenue, Fairfield Park, and Winnipeg overall. It has more living space, a larger lot, and a newer build year than most comparable properties in its peer groups.
2. What does the "basement not renovated" condition imply?
It means the basement is unfinished or in its original state. This is a neutral factor: it doesn't offer finished living space currently, but it also means there's no cost baked into the price for someone else's renovation choices, and you can finish it to your own taste and budget.
3. Is the assessed value a reliable indicator of the market price?
The assessed value is for municipal tax purposes. The more relevant figure is the recent sale price from October 2023 ($610,000), which reflects what the market was willing to pay. The home's assessed value is consistent with being a higher-value property in its area.
4. What is the neighbourhood like?
Fairfield Park is an established neighbourhood. The data indicates homes here generally have above-average lot sizes and living space compared to the city-wide average, suggesting a community of substantial, family-oriented homes.
5. What are the potential next steps?
Given the home sold recently, the next step would be to research current market conditions in Fairfield Park to understand its present value. You may also want to investigate why it was sold, any potential for future development on the large lot, and what specific updates or maintenance a 2008-built home might now require.