Property Overview: 5 Raphael Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fairfield Park is a study in contrasts, offering a modern living space on a compact lot. Built in 2007, it is a notably newer construction compared to the typical Winnipeg home. The 1,871 sqft living area is spacious by city-wide standards, providing ample room for daily life, and it includes a renovated basement and an attached garage.
The primary appeal lies in its efficient, low-maintenance footprint. The property offers the space and modern build quality of a newer home without the extensive yard work that comes with a larger lot. This creates a practical balance for those seeking ease of upkeep. Its assessed value is relatively high citywide, suggesting solid construction and finishes, yet it is positioned as an average value within the desirable Fairfield Park area itself.
This home would best suit downsizers or professionals who prioritize interior space and modern amenities over expansive outdoor areas. It’s also a smart option for a first-time buyer looking for a move-in-ready, newer home in an established neighborhood, who is comfortable with a more efficient lot size.
Section 2: Frequently Asked Questions
1. Is the lot size a disadvantage?
It depends on your lifestyle. While the lot is smaller than many in the immediate area, it translates to less yard maintenance. For buyers who prefer spending time indoors or value a concise, manageable outdoor space, this is a practical benefit rather than a drawback.
2. How does the assessed value compare to the likely sale price?
The assessed value is for municipal tax purposes and is typically lower than market value. This home’s city-wide assessment ranking in the top 14% indicates it is a substantial property, but the final sale price will be determined by current market conditions and buyer demand.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing or inquiry with the listing agent is necessary to determine the finish quality, room layouts, and whether it includes a legal suite or additional living spaces.
4. The home is newer, but how does the neighborhood feel?
Fairfield Park is an established area. A 2007 home is a relatively recent addition, meaning you benefit from modern infrastructure and building standards within a mature community with grown trees and settled amenities, offering the best of both worlds.
5. Why is the living area considered above average citywide but not on the street?
This highlights the character of Raphael Street and Fairfield Park, which consist of larger-than-average homes. While this property offers generous space compared to most Winnipeg homes, it is among the more modestly sized on its own block, appealing to those who want a premium neighborhood but with a moderately scaled property.