Property Overview & Key Characteristics
8 Fairway Place is a spacious, two-storey family home built in 1977, situated on a very large, 11,576 sqft lot in Ridgedale. Its primary appeal lies in the generous scale of both the land and the living space (2,584 sqft), which is well above average for Winnipeg. The home offers significant room to grow, with an unfinished basement presenting a clear opportunity for future customization. While it lacks a garage and pool, the property’s strength is its substantial footprint and potential.
The home would best suit buyers who prioritize space and land over turn-key finishes. It’s an ideal project for a growing family looking to put their own stamp on a property over time, or for a value-conscious buyer seeking one of the larger lots and floor plans in the area. The unfinished basement is a key feature for those who want to design additional living space, a rental suite, or specialized rooms to their exact specifications. Its high city-wide rankings for lot and living area size indicate it’s a standout property in terms of pure space for the price.
Frequently Asked Questions
1. What is the significance of the property's rankings?
The rankings show how this home compares to others in its immediate area and across Winnipeg. Notably, it ranks in the top 4% of the city for lot size and the top 2% for living area, confirming its standout spaciousness. This suggests strong long-term value based on its substantial footprint.
2. Is the lack of a garage a major drawback?
It depends on the buyer's needs. While a garage is a common convenience, the exceptionally large lot provides ample space to add a detached garage or workshop in the future, which could be an attractive project for the right owner.
3. What should I consider about the 1977 build date?
Built 49 years ago, the home is older than most in its immediate street but is around the median age for Winnipeg overall. Buyers should budget for age-appropriate updates. The positive perspective is that homes from this era are often known for solid construction and roomy layouts.
4. How does the assessment value relate to the asking price?
The municipal assessment is $588,000, which is a valuation for tax purposes and not a market price. It provides a benchmark, showing the home is assessed higher than 92% of properties in Winnipeg, reflecting its substantial attributes. The final sale price will be determined by current market conditions.
5. What does "unfinished basement" mean for my plans?
The basement has been started (with foundation, walls, and utilities) but not completed as living space. This is a significant opportunity to add square footage and value by finishing it to suit your needs—whether as a rec room, home office, or additional bedrooms—without the major cost of excavation.