Property Overview: 42 Wayfield Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Fairfield Park offers a practical, modern layout built in 2006. Its key features include a renovated basement and an attached garage. With 1,253 sqft of living space, the home is notably cozier than most in its immediate neighborhood and street, which typically feature larger homes. This presents a unique value perspective: while it ranks below average for size and assessed value within Fairfield Park, its city-wide assessment is above average, suggesting its value proposition is stronger when viewed beyond the immediate area.
The appeal lies in its balance. It’s a relatively contemporary home (newer than 86% of Winnipeg properties) on a standard-sized lot, requiring less upkeep than an older property or a vast yard. The renovated basement adds functional living space. It’s ideally suited for first-time buyers, downsizers, or investors seeking a modern, low-maintenance property in an established neighborhood without paying a premium for the largest home on the block. It’s a smart choice for those who prioritize a newer building envelope and interior updates over sheer square footage.
Section 2: Frequently Asked Questions
1. Is this home a good value for the neighborhood?
The data suggests it is priced below the neighborhood average for assessed value. For a buyer, this could mean an opportunity to enter Fairfield Park at a relatively accessible point, especially with the benefit of a newer build and renovations already completed.
2. How does the living space compare to nearby homes?
At 1,253 sqft, the living area is smaller than the typical home on Wayfield Drive and in Fairfield Park. This contributes to its lower assessment within the area but also implies lower utility costs and less space to maintain.
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 selling agent to understand the home's full functional space and quality.
4. The home sold in August 2022 for $550k. What does that mean for today's price?
The 2022 sale price provides historical context, but the current assessed value is $490k. Market conditions, interest rates, and property updates since the last sale will be the primary drivers of the current listing price.
5. How does this property rank city-wide?
Compared to all Winnipeg homes, it ranks above average for assessed value (top 21%) and is much newer than most (top 14%). This indicates that its modern age and valuation hold up well across the broader market, even if it’s a more modest offering within its own desirable neighborhood.