Property Overview: 1139 Fairfield Avenue, Winnipeg

Key Characteristics & Appeal

This one-storey home in Fairfield Park presents a practical and modern living opportunity. Built in 2008, it is notably newer than most homes in Winnipeg, offering contemporary construction and likely fewer immediate maintenance concerns compared to the city's older housing stock. The home features a renovated basement and an attached garage, with a living area of 1,426 sq ft on a 5,318 sq ft lot.

Its primary appeal lies in its value proposition and move-in readiness. The assessed value is strong citywide, ranking in the top 17%, suggesting good municipal valuation relative to the broader market. However, within its own desirable neighbourhood and street, the home is more modestly sized and valued, positioning it as a potentially accessible entry point into Fairfield Park. This creates an interesting dynamic: it's a newer, well-situated home that doesn't command a premium price for its immediate area, possibly due to its smaller footprint. It would suit first-time buyers or downsizers seeking a modern, low-maintenance home in an established neighbourhood without the premium for a larger property. The renovated basement adds flexible living space, appealing to those who need a home office, guest area, or recreational room.

Frequently Asked Questions

1. How does the home's size compare to others in the area?
The living space is below the average for Fairfield Park and for Fairfield Avenue itself. This is a key factor in its positioning and may be reflected in the asking price, making it a more affordable option in the neighbourhood.

2. What does the assessed value ranking tell me?
While the assessed value is above average for Winnipeg overall, it is average or below average within the immediate neighbourhood. This often indicates you are paying for location and a newer build, rather than for sheer square footage.

3. The home sold in 2019 for $450k. How is that relevant today?
The 2019 sale price provides a historical benchmark, but market conditions have likely changed. It's most useful for understanding price progression over time rather than determining current value.

4. Is the lot size a limitation?
At just over 5,300 sq ft, the lot is slightly smaller than typical for the street but near the neighbourhood average. It provides adequate outdoor space for a patio or garden without the extensive upkeep of a larger yard.

5. Who might this property not suit?
Buyers needing abundant above-grade living space or multiple large bedrooms may find it limiting. It's best for those who prioritize modern amenities and location over maximum interior size.