Property Overview: 178 Shore Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fairfield Park offers a practical and modern living space. Its key characteristics include a renovated basement, an attached garage, and a 2007 build date, making it a relatively newer and low-maintenance property in the citywide context. With 1,241 sqft of living space, it is compact yet functional, sitting on a 4,800 sqft lot.
The primary appeal lies in its balance of modern convenience and value. The recent renovation of the basement adds immediate functional space without the need for buyer investment. Its above-average age for the area suggests fewer major system concerns compared to older stock. The property suits first-time homebuyers seeking a move-in-ready home with modern basics covered, or downsizers looking for single-level living without the premium of a brand-new build. A thoughtful perspective is its citywide assessed value ranking (Top 23%), which indicates strong fundamentals for its price point compared to all Winnipeg homes, even while it's more modest within its own desirable neighbourhood.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,241 sqft, the living area is below the average for both Shore Street and the wider Fairfield Park area, indicating a more compact, efficient layout. Citywide, however, it is very close to the average home size.
2. Is the assessed value typical for this area?
The assessed value is around average for Shore Street itself but is below the average for the broader Fairfield Park neighbourhood. This suggests the property may offer a more accessible entry point into this sought-after area.
3. What does the 2007 build year mean for a buyer?
Built in 2007, the home is newer than most in Winnipeg and on its street. This typically translates to modern construction standards, younger major systems (like roof, HVAC), and potentially lower immediate maintenance costs than a much older home.
4. How does the lot size impact the property?
The 4,800 sqft lot is above average for Shore Street, offering good outdoor space for the immediate area. It is, however, below the average lot size for Fairfield Park as a whole, which is known for larger plots.
5. What is the significance of the renovated basement?
The renovated basement adds valuable finished living space without the need for a future project. It increases the home's functional square footage for recreation, guests, or storage, which is a significant advantage in a compact main-floor layout.