Property Overview: 196 Wayfield Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fairfield Park is defined by its practicality and position within the market. Built in 2007, it is a notably newer property compared to the Winnipeg average, offering modern construction fundamentals without the premium of a recent, full renovation. The home features an attached garage and an unfinished basement, presenting a clean canvas for future customization.
Its primary appeal lies in its value proposition. The assessed value is significantly above the citywide average, yet the home ranks as one of the most affordable on its own street and within Fairfield Park. This creates a unique entry point into a newer-built home in the area. The living space is compact at 1,246 sqft, well below the neighbourhood average, which suggests efficiency over expansiveness. The lot size is typical for the locale.
This property would best suit first-time buyers or practical downsizers seeking a low-maintenance, modern-built home who are comfortable with a smaller footprint and see potential in personalizing the basement over time. It’s a strategic choice for those prioritizing a sound structure and a manageable property within their budget, rather than move-in-ready finishes or large living areas.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than similar homes on the street?
While the assessed value is above the Winnipeg average, it is actually among the lowest on Wayfield Drive. This discrepancy highlights that the home is on a street of relatively high-value properties, potentially offering a value opportunity within that specific context.
2. The living area seems small. How does the layout function?
At 1,246 sqft, the living area is below average for the neighbourhood. This indicates an efficient, likely open-concept floor plan common for a 2007 build. Buyers should consider if the layout maximizes the available space to suit their daily needs.
3. What does "basement not renovated" imply?
It means the basement is unfinished. It has been left as a blank space—with concrete floors, exposed framing, and utilities—since the home was built. This is a cost-saving opportunity for a buyer to finish it to their own specifications and timeline, but requires upfront planning and investment.
4. The home sold in 2020. What might that mean?
The 2020 sale provides a recent market price point (400k) for comparison. Given shifts in the market since then, a buyer should investigate current conditions to understand how today’s value relates to that last sale price.
5. How does the lot size compare, and what are the implications?
At just over 5,500 sqft, the lot is average for the street and neighbourhood. This suggests standard suburban spacing—enough for a backyard and landscaping, but not an unusually large or small private outdoor space.