Property Overview: 1254 Fairfield Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Fairfield Avenue presents a compelling blend of space, modernity, and established neighbourhood character. Its key strength lies in its above-average scale across multiple metrics. With 2,425 sqft of living space, it sits comfortably in the top tier of homes locally and city-wide, offering generous room for families. The home is relatively modern, built in 2009, which suggests newer construction standards and potentially lower immediate maintenance than older stock. It features an attached garage and a renovated basement, adding functional living and storage space.
The appeal is rooted in its strong positional value. It consistently ranks above average not just on its street but within the broader Fairfield Park area and across Winnipeg, particularly for living area and year built. This indicates you are getting a larger, newer home in a context where that is not the norm. The lot size of over 6,000 sqft provides ample outdoor space, a rarity in many city neighbourhoods.
This property would ideally suit growing or established families seeking a spacious, move-in-ready home without venturing into new suburbs. It also appeals to buyers looking for a property with strong fundamentals—size, age, and lot—that historically support long-term value in a mature neighbourhood. A less obvious perspective is its appeal to those who value "above-average" attributes across the board rather than a single standout feature; it’s a consistently strong performer, which can mean less compromise.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes. The last recorded sale was in 2017 for $55.10k. Current market price would be determined by recent sales of comparable homes, buyer demand, and condition, and is typically significantly higher than the tax assessment.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the extent. Buyers should inquire about the finish quality, permits, the presence of moisture-proofing, and whether it includes a legal secondary suite or additional bedrooms.
3. The home ranks highly for its size city-wide. What are the trade-offs?
While offering elite living space for Winnipeg, a property of this scale in an established area may come with higher utility costs and property taxes relative to smaller homes. The 2009 build date also means it may soon approach the age where major components (roof, HVAC) require attention.
4. Is the neighbourhood family-friendly?
Its location in Fairfield Park and the substantial lot sizes on the street suggest a quieter, residential setting. Prospective buyers should research local schools, parks, and amenities to confirm it fits their lifestyle.
5. Why is the last sale price from 2017 so different from the assessed value?
The 2017 sale price is a historical market transaction. The assessed value is a current government valuation for taxation, often using mass appraisal techniques. They are different figures serving different purposes and should not be directly compared to gauge current worth.