Property Overview
38 Langley Bay is a well-situated, above-average family home in Winnipeg's Fairfield Park neighbourhood. Built in 2007, it offers modern construction within a mature community. The key appeal lies in its strong performance across important metrics compared to its peers. With 2,010 sqft of living space, it sits comfortably above the city-wide average, providing ample room. Its assessed value of $610k places it in the top tier for the street, neighbourhood, and city, indicating a premium property for the area. The home features an attached garage and a renovated basement, adding functional living space. The lot size is standard for the locale, offering typical outdoor space without extensive maintenance demands.
This property would suit buyers looking for a move-in ready, modern home in a settled area who value space and a strong comparative value. It’s ideal for growing families or professionals needing home office flexibility, particularly those who appreciate a home that stands out in its immediate context for size and valuation, suggesting good long-term investment potential within its market segment.
Frequently Asked Questions
How does this home truly compare to others in the area?
The data shows it ranks above average in Fairfield Park and city-wide for living area, assessed value, and year built. On its own street (Langley Bay), it's in the top 11% for value and top 18% for being newer, meaning it's a standout property on its block.
What does the "renovated basement" likely include?
While specifics aren't listed, a renovated basement in a 2007 home typically means it's been finished into a legal living space, potentially adding bedrooms, a family room, or a recreational area, which significantly increases the usable square footage.
Is the assessed value a reliable indicator of the sale price?
The assessed value ($610k) is for municipal tax purposes and is a strong benchmark. It places the home well above local and city averages, suggesting a premium listing. However, the final sale price will be determined by the current market.
The home sold in 2016 for $467,000. What does that tell us?
This historical data shows significant appreciation in value over eight years, highlighting the property's strong investment trajectory and the overall market growth in the area.
Who would this home not be ideal for?
Given its above-average price for the neighbourhood and standard lot size, it may not suit buyers seeking a budget-friendly entry into the area or those prioritizing a very large, private yard. It's a premium choice within its specific community.