Property Summary

Overview & Ideal Buyer Profile

This is a 1,302 sqft single-family home built in 2007, located on Langley Bay in the Fairfield Park area of Winnipeg. It sits on a 5,508 sqft lot.

Key characteristics: The home is relatively new compared to most properties on the same street and in the wider city—construction year places it in the top 18% locally and top 13% citywide. Its assessed value of $506,000 is strong, ranking in the top 19% across Winnipeg, which suggests the property has held or gained value well. Living space is slightly below the neighbourhood average (1,820 sqft on Langley Bay) and closer to the citywide median, so it is compact relative to nearby homes but not undersized by Winnipeg standards. Land size is average for the area.

Where the appeal lies: The property offers a newer build in an established neighbourhood, with a lower-maintenance footprint than many older, larger homes in the area. The valuation data indicates it sits in a desirable pocket of the market—strong assessed value relative to city median homes suggests good resale potential. Because the home is smaller than most on the same street, it may be priced more accessibly than neighbours, offering a way into a higher-value street without paying for maximum square footage.

Who it suits: Homeowners who want a relatively modern home (no imminent major renovations) in a solid resale location, but who don’t need the largest floorplan. It would also suit buyers who prioritize newer construction and stable valuations over maximum space, or those looking for a home that may appreciate relative to older, larger stock in the area. Not ideal for someone wanting a big lot or a house that stands out in square footage on the street.

Frequently Asked Questions

1. How does the living space compare to other homes on the street?
At 1,302 sqft, this home is smaller than about 92% of homes on Langley Bay, where the average is 1,820 sqft. It is also below the Fairfield Park neighbourhood average of 1,878 sqft. However, it is slightly above the Winnipeg city median of 1,342 sqft, so it is not small by city standards—only within its immediate area.

2. Is the assessed value of $506,000 close to a realistic market price?
Assessed value is used for property tax calculation and may not match current market value, but it is a useful benchmark. This home ranks in the top 19% citywide for assessed value, while the Winnipeg median is $390,000. That gap suggests the home has above-average value retention. Actual sale price will depend on condition, upgrades, and market timing.

3. Why is the building year listed as a standout feature?
Built in 2007, the home is newer than 87% of properties citywide and 82% of those in Fairfield Park. Many homes in the area are older, so a 2007 build means newer mechanicals, likely better insulation and windows, and less immediate maintenance than a house from the 1970s or earlier.

4. How large is the lot, and is it considered big or small?
The lot is 5,508 sqft. This places it in the middle of the pack—slightly smaller than average on Langley Bay (where it ranks in the bottom 42%) and within Fairfield Park (bottom 46%), but slightly above the city median. It is a manageable yard, not oversized, and likely similar to what you’d find on many Winnipeg streets.

5. What should I pay attention to if I visit the property?
Because the home is smaller than neighbours, check how the floor plan uses space—does it feel cramped or efficient? Also note that newer builds (post-2000) can vary in build quality, so look at finishes, windows, and the condition of the roof and mechanicals. The lot is average, so consider privacy from neighbours and whether outdoor space meets your needs.