Property Overview: 208 Wayfield Drive, Fairfield Park, Winnipeg

Key Characteristics & Appeal

This well-situated home at 208 Wayfield Drive presents a compelling blend of space, modernity, and established value. Its key strength lies in its generous 2,010 sqft living area, which ranks within the top 20% on its own street and the top 11% citywide, offering significantly more interior space than the average Winnipeg home. Built in 2007, it is a relatively newer property, ranking in the top 4% for age on Wayfield Drive, suggesting modern construction standards and less immediate need for major system updates. The home features a renovated basement and an attached garage.

The appeal is rooted in its above-average positioning across key metrics. With an assessed value of $590k, it sits in the top 9% both on its street and citywide, indicating strong perceived value. The lot size is average for the area, providing standard outdoor space without excessive maintenance. It last sold in March 2023 for $580k, closely aligning with its current assessment.

This property would suit buyers looking for a move-in ready, spacious family home in a mature neighbourhood. It’s ideal for those who prioritize interior square footage and a newer build over a vast yard, and for value-conscious buyers who appreciate a home that consistently performs above average in its peer group for size, age, and assessment.

Frequently Asked Questions

1. How does the home’s size truly compare to others?
At 2,010 sqft, the living area is notably larger than the Winnipeg city average (~1,342 sqft) and the immediate Fairfield Park area average (~1,878 sqft). It offers substantial interior space, ranking highly even on its own street where homes are generally larger.

2. What does the assessed value ranking mean?
An assessed value in the top 9% locally and citywide suggests the property is considered a higher-value home compared to most peers. This can reflect its size, condition, and desirability, but it’s important to note that market sale price can vary.

3. Is the 2007 build date a significant advantage?
Yes. Being built in 2007 places it among the newest homes on the block (top 4%) and well above the city’s average home age (1966). This typically means newer major components (roof, HVAC, windows) and modern layouts, potentially reducing near-term capital costs.

4. The lot size is listed as "around average." Is that a drawback?
Not necessarily. It indicates the property is consistent with the neighbourhood norm. For buyers seeking a large, private yard, it may be standard. For those preferring less outdoor maintenance, it’s a balanced offering. The value here is clearly weighted toward the interior living space.

5. The home sold recently in March 2023. What should I consider?
The recent sale provides a clear, modern price benchmark. The close alignment between the last sale price ($580k) and the current assessed value ($590k) suggests stable value. It’s worth investigating what, if any, updates were made by the current owners during their tenure.