Property Overview: 15 Wayfield Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fairfield Park offers a practical and modern living space. Built in 2006, it features 1,416 sqft of living area, an attached garage, and a renovated basement. The lot is a manageable 5,246 sqft.
Its primary appeal lies in its balance of contemporary comforts and its strong position within the broader Winnipeg market. While the home's size and assessed value are below average for its immediate street and neighborhood, it stands out city-wide. It is newer than roughly 86% of Winnipeg homes and has an assessed value that ranks in the top 17% citywide, suggesting a solid foundation of value relative to the entire market. This creates an interesting dynamic: it’s a competitively priced, modern home within its local area that also represents a relatively newer, high-assessed-value asset on a city scale.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance single-level layout in a established neighborhood. It’s also a sensible choice for value-focused buyers who appreciate a home that is newer than the city's aging housing stock, without paying a premium for the largest property on the block. The renovated basement adds flexible space for a growing family, a home office, or recreational use.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others?
While its assessed value is around average for Wayfield Drive and below average for Fairfield Park, it ranks in the top 17% citywide. This indicates you are acquiring a property with a strong assessed value foundation compared to most of Winnipeg, potentially in a more affordable pocket of a desirable neighborhood.
2. Is the living space sufficient for a family?
At 1,416 sqft (plus a renovated basement), it provides functional space for a small to medium-sized family. It's worth noting the home is below the average size for both the street and neighborhood, so buyers seeking abundant above-grade square footage may find it compact. The renovated basement significantly adds to the usable living area.
3. What does the sale history indicate?
The home sold previously in 2023 for $540k and in 2019 for $420k. This shows notable appreciation over that four-year period, providing a recent benchmark for market activity.
4. How does the lot size compare?
The 5,246 sqft lot is slightly below average for the street and neighborhood but is very close to the citywide average. It offers a manageable yard for maintenance while still providing private outdoor space.
5. What is the significance of the "year built" ranking?
Built in 2006, this home is newer than approximately 86% of all properties in Winnipeg. This is a less obvious advantage, meaning major components like the roof, windows, and mechanical systems are likely more modern and have more serviceable life remaining than those in a typical, older Winnipeg home, potentially reducing near-term capital costs.