Property Overview: 125 Wayfield Drive
Key Characteristics, Appeal & Ideal Buyer
This well-situated home in Fairfield Park is a 1,877 sqft cabover-style house built in 2006, featuring an attached garage and a full, unfinished basement. Its standout characteristic is the generous 7,399 sqft lot, which places it in the top 8-14% for land size across local, neighborhood, and city-wide comparisons. This offers significant outdoor space and future potential that is increasingly rare. The living area is comfortably above average for Winnipeg overall, providing ample room for a growing household.
The appeal lies in its balanced, grounded profile. While the interior may benefit from updates, the property is fundamentally solid, with an assessed value that is strong citywide. It represents an opportunity to secure a spacious lot in a mature neighborhood without the premium often attached to fully renovated homes. The sales history shows steady appreciation, suggesting a stable investment.
This home would best suit practical buyers who value space and potential over immediate move-in perfection. It’s ideal for families or long-term owners looking for a established area, who are comfortable with the idea of personalizing the basement and landscaping over time. It also appeals to those who see the inherent value in a large lot, whether for gardening, recreation, or future expansion.
Frequently Asked Questions
1. How does the property’s value compare to its neighbors?
The home’s assessed value is around average for its immediate street and the Fairfield Park neighborhood. However, it ranks in the top 16% citywide, indicating it holds stronger value compared to the broader Winnipeg market, likely due to its above-average lot and living space.
2. Is the basement finished?
No, the basement is noted as “not renovated,” meaning it is unfinished. This presents a blank canvas for future development but requires planning and investment for additional living space.
3. What does the sale history indicate?
The property sold in January 2023 for $55,60k and previously in December 2020 for $43,80k. This shows a notable increase over a two-year period, reflecting a strong market trend and solid appreciation.
4. How does the lot size truly compare?
The lot is a key feature. At 7,399 sqft, it is significantly larger than most on the street (top 8%) and in the neighborhood (top 12%). This is a substantial advantage for privacy, outdoor activities, or future projects like a deck or addition.
5. What is a “cabover” style home?
A cabover design typically features a second story that extends over part of the ground floor, often creating a distinctive street-facing facade. It’s a common and efficient architectural style for homes built in this era, maximizing the living space on the lot.