Property Overview: 123 Wayfield Drive, Fairfield Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Fairfield Park presents a compelling blend of space, modernity, and land value. Built in 2006, it offers a comfortable 1,535 sqft of living space with a renovated basement and an attached garage. Its standout feature is the generous 8,205 sqft lot, which ranks in the top 5% for land size on its street, offering significant outdoor space and potential that is increasingly rare in newer subdivisions.
The appeal lies in its balanced positioning. While the home itself is solidly average for its immediate neighborhood in terms of size, assessed value, and age, it gains considerable advantage when viewed city-wide, ranking above average in all categories. This suggests you're getting a property that holds its own locally but represents a strong value proposition compared to the broader Winnipeg market. The large lot is a future-proof asset, whether for gardening, expansion, or simply enjoying extra privacy.
This property would suit practical buyers looking for a move-in ready family home in an established neighborhood, as well as value-oriented purchasers who recognize the long-term upside of a sizable lot. It’s ideal for those who want space without being remote, and for owners who see property as a long-term investment where land is a key component of value.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is very typical for Fairfield Park and Wayfield Drive, sitting close to the neighborhood average. Its sale price from 2023 followed a similar pattern. This indicates a stable, predictable value without premium or discount pressures from immediate comparables.
2. What does the "top 5% lot size" ranking actually mean?
On Wayfield Drive, only 4 of 107 comparable properties have a larger land area. This is the home's most distinctive feature, offering substantially more yard space than most of its direct neighbors and providing a tangible differentiator in the area.
3. Is the house newer or older than most in Winnipeg?
Built in 2006, the home is significantly newer than the Winnipeg city-wide average home (built in ~1966). In its own neighborhood, however, it’s typical, as Fairfield Park is a relatively modern area. Buyers gain the benefits of modern construction standards without the home feeling outdated in its local context.
4. Who might this property not suit?
Buyers seeking a premier, top-of-the-market home on its street or an immediate fixer-upper opportunity may want to look elsewhere. This home presents as a strong, balanced option rather than a standout luxury property or a distressed sale. It also does not have a pool.
5. What is the significance of the renovated basement?
The finished basement effectively adds usable living space beyond the 1,535 sqft main floor footprint. This is a practical advantage for families needing recreation, office, or guest space, and it’s a completed project a new owner won’t need to undertake.