Property Overview: 91 Langley Bay, Fairfield Park, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This well-maintained cabover home, built in 2008, offers a modern foundation in a mature Winnipeg neighbourhood. Its key characteristics include a renovated basement, an attached garage, and 1,760 sqft of living space. The data reveals a nuanced picture: while the lot size is more compact compared to immediate neighbours, the home itself is above average in size city-wide. Its 2008 build date makes it one of the newest homes on its street, suggesting newer major systems and modern layouts compared to much of Winnipeg's older housing stock. The appeal lies in this balance—a contemporary home within an established community, offering move-in readiness with the basement work already completed. It would particularly suit practical buyers who value modern construction and low-maintenance living over a large yard, such as young professionals, small families, or downsizers seeking single-level living potential without the age-related concerns of an older property.
Frequently Asked Questions
1. How does the lot size impact the property?
The lot is compact relative to others on Langley Bay and in Fairfield Park. This typically means less exterior maintenance and yard work, which can be a benefit for many, but may limit expansion options or appeal less to those wanting extensive outdoor space.
2. What does the "above average" city-wide assessment mean?
The assessed value ranks in the top 12% city-wide, indicating the property holds significant value compared to the broader Winnipeg market. However, it's assessed as average within its own neighbourhood, suggesting it's priced consistently with the local area's standards and amenities.
3. Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify if it is a legal suite. Buyers should verify with the seller or authorities if they are considering rental income potential, as renovations do not automatically equate to a legal secondary suite.
4. How stable has the property's value been?
Based on the sold price history, the home's value has appreciated modestly and steadily between its 2019 and 2021 sales, tracking consistently with averages in its immediate area.
5. What is the neighbourhood like for amenities and lifestyle?
Fairfield Park is an established area. The "For Reference" and "Worth Viewing" comparable listings suggest a family-friendly community with similar, well-kept homes. Prospective buyers should explore local parks, schools, and transit links to see if the quiet, settled vibe aligns with their lifestyle.