Property Overview: 189 Wayfield Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a study in contrasts, offering a modern structure on a modest lot in Winnipeg's Fairfield Park neighborhood. Built in 2007, its key characteristic is its relative youth compared to most city homes, suggesting newer major systems and contemporary layout. With 1,484 sqft of living space and an attached garage, it provides practical, move-in-ready space.

The appeal lies in its value proposition and low-maintenance potential. The assessed value is notably low for the city overall, which could indicate a favorable tax position, yet it sold for a significantly higher market price recently, highlighting strong buyer demand for modern, entry-level homes in established areas. It suits first-time buyers or downsizers seeking a newer build without a premium lot size, and value-focused investors attracted by the disparity between the assessed value and recent sale price. A thoughtful perspective is that while the lot is smaller than many in the immediate area, this translates to less yard upkeep, aligning with a modern, efficient lifestyle.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the recent sale price?
Assessed values in Manitoba are primarily for municipal tax purposes and often don't reflect current market value. The recent sale price is a clearer indicator of what buyers are currently willing to pay for a home of this age and condition.

2. Is the smaller lot size a major drawback?
It depends on your priorities. While below average for the street and neighborhood, it means less maintenance. For buyers who prioritize a newer home interior over extensive outdoor space, it can be a practical trade-off.

3. What does "basement, not renovated" imply?
It indicates the basement is developed but finished in its original, likely 2007, state. It provides extra space but may need cosmetic updates or may not have a legal secondary suite, which is important to verify.

4. How does this home compare to others on the street?
The data shows it's newer than most on Wayfield Drive but has slightly less living space and a smaller lot than its direct neighbors. This can make it a more affordable entry point onto a street of similar, sometimes larger, homes.

5. What might the "below average" rankings for the area mean for me?
In Fairfield Park, rankings for living area and lot size are below average. This suggests the home is a more compact option in the neighborhood, which often translates to a lower price point, allowing access to the area's amenities without the cost of its larger properties.