Property Overview & Key Characteristics

This well-maintained home at 119 Wayfield Drive in Winnipeg's Fairfield Park neighborhood presents a balanced, move-in-ready opportunity. Built in 2006, its key feature is a recently renovated basement, adding valuable finished living space to an already generous 1,962 sqft floor plan. The home includes an attached garage and sits on a standard 5,508 sqft lot.

Its appeal lies in its above-average size and modern readiness within a stable, established area. The living space ranks in the top 23% on its own street and top 12% city-wide, meaning it offers more room than most Winnipeg homes. The renovated basement immediately provides functional space without the need for a major project. The home suits buyers looking for a spacious, turnkey property without venturing into brand-new subdivisions. It’s particularly well-matched for growing families who need the extra room or for those who value having modern, finished space both upstairs and down. A thoughtful perspective is that while the home is newer than the city average, it’s now at an age where major components are still in good condition but a savvy buyer might plan for upcoming lifecycle maintenance, like the roof or HVAC, turning its 20-year age into a point for informed budgeting.

Frequently Asked Questions

1. How does the home’s size compare to others?
At 1,962 sqft, the living area is notably larger than average. It ranks in the top 12% of all Winnipeg homes and is above average for its immediate street and the Fairfield Park area.

2. What is the significance of the assessed value?
The assessed value of $56.60k is a municipal valuation for tax purposes, not the market price. It ranks above average locally and city-wide, indicating the city views it as a relatively high-value property within its categories. The home sold for $600k in October 2024.

3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This should be verified during a viewing to understand the quality, permitted status, and how the space is configured (e.g., rec room, bedroom, bathroom).

4. Is the property a good value for the neighborhood?
The data suggests it holds a strong position. Its living area and assessed value are consistently above or near the top of local comparisons, indicating it’s a substantial property within Fairfield Park, likely commanding a proportional market price.

5. What are the less obvious considerations for a home of this age?
Built in 2006, the home is past its initial warranty period but not yet at typical failure ages for major items. It represents a "sweet spot" of modern construction standards while having established landscaping and neighborhood maturity. Buyers should still consider potential updates to aesthetics (like flooring or paint) and plan for the eventual replacement of appliances and mechanical systems that are nearing 20 years of service.