38 Raphael Street

Property Overview

38 Raphael Street is a spacious, modern two-storey home in Winnipeg's Fairfield Park neighbourhood. Its appeal lies in offering a combination of generous, contemporary living space on a large lot—a pairing that has become increasingly rare in newer developments. Built in 2007, the home features a renovated basement and an attached garage.

Key Characteristics & Ideal Buyer

This property stands out for its scale and position within its community. With nearly 3,000 square feet of living space, it ranks in the top 1% of homes city-wide for size, offering ample room for family life, entertaining, or dedicated work-from-home areas. The lot size of over 11,000 square feet is equally significant, placing it in the top 5% for Fairfield Park, providing substantial outdoor space for gardens, recreation, or future additions like a deck or patio suite (subject to zoning).

The home’s assessed value is in the top tier for the city, reflecting its premium attributes. Its 2007 build date means it benefits from modern construction standards while being past the stage of initial builder teething issues. Recent sale history shows strong value appreciation.

This home is ideally suited for:

• Growing or multi-generational families seeking abundant indoor and outdoor space.
• Buyers looking for a modern home without the premium lot price of brand-new construction, who value established neighbourhoods.
• Those who prioritize a property with metrics (size, lot, value) that consistently perform in the elite percentiles for both the immediate area and the wider city, suggesting a sound long-term investment.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it is not just "above average." For living space, it ranks 6th largest out of 439 homes in Fairfield Park (Top 1%), and its lot size ranks 20th (Top 5%). It is a standout property within an established neighbourhood.

2. The assessed value seems high for the area. What does this indicate?
A high assessed value relative to neighbours typically reflects the property's superior attributes—in this case, its much larger square footage and lot size. It signals that the municipality views it as a premium offering within the community, which is often aligned with market value.

3. What is the significance of the large lot?
Beyond private outdoor space, a lot in the top 5% of the neighbourhood offers flexibility. It provides privacy, room for landscaping, and potential for future outdoor living features. It’s also a long-term asset, as newer subdivisions rarely offer lots of this scale.

4. The home sold in 2021 and 2017. What does the price history suggest?
The sale price increased from $740k to $820k over those four years, demonstrating solid value growth. This trend can indicate a desirable property in a stable or appreciating market segment.

5. As a 2007 build, what should I consider?
A home of this age is past the initial settlement period. Key systems (roof, HVAC, major appliances) may be approaching or in their typical lifespan for replacement, so a thorough inspection is advised to budget for any upcoming maintenance, which is normal for a home of this vintage.