Property Overview
230 Shore Street is a well-maintained, one-storey home in Winnipeg's Fairfield Park neighbourhood. Built in 2007, it offers modern construction in a quiet, established area. The home features 1,257 square feet of living space, an attached garage, and a renovated basement, sitting on a roughly 4,800 sqft lot. Its recent sale in August 2023 was at $52.40k.
Key Characteristics & Appeal
This property’s primary appeal is its balance and practicality. It’s a home that doesn’t stand out dramatically in its immediate area but offers solid, above-average value when viewed citywide. Its 2007 build date means major systems are relatively young, potentially reducing near-term maintenance worries compared to the city's older average housing stock. The renovated basement adds functional living space.
The home suits first-time buyers or downsizers looking for a manageable, single-level layout in a quiet neighbourhood. It also appeals to the value-conscious buyer who prioritizes a modern(ish) build and a turnkey condition over a larger lot or premium location. A thoughtful perspective is that while the lot size is below average for Fairfield Park, it translates to less yard work, which can be a perk for those seeking low-maintenance living. Its assessed value sits significantly above the citywide average for comparable homes, suggesting it is viewed as a solid asset in the broader market, even if it’s a more modest offering within its own neighbourhood.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,257 sqft, the living area is slightly below the average for both Shore Street and the wider Fairfield Park area, but it is very close to the average size for a home across the entire city.
2. Is the assessed value a good indicator of the market price?
The home last sold for $52.40k in August 2023, which was higher than its $48.80k assessed value at the time. This indicates the market valued it above its official assessment, a positive sign for equity.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and functionality of the space.
4. Is the property tax likely to be high?
Given its assessed value is in the top 22% citywide but in the bottom 15% within Fairfield Park, property taxes should be relatively moderate for the city but potentially on the higher side for the immediate neighbourhood.
5. What is the significance of the 2007 build year?
Built 19 years ago, this home is significantly newer than the Winnipeg citywide average (1966). This typically suggests more modern building materials, wiring, and plumbing, which can mean fewer major upgrades in the short term compared to an older home.