Property Overview: 99 Wayfield Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fairfield Park is a practical property that presents a clear value proposition. Built in 2006, it offers modern construction basics without the premium of a brand-new build. Its key strength lies in its above-average citywide living space (1,744 sq ft) paired with a notably low assessed value, suggesting significant potential for equity growth, especially if updates are made. The lot size is generous for its immediate street, offering more outdoor space than most neighbours.

The appeal is grounded in value and potential. It suits a cost-conscious buyer—perhaps a first-time homeowner or an investor—who is comfortable with a home that has a functional, unrenovated basement and is ready to add value over time. It’s not a luxury showpiece, but a solid canvas in a well-established neighbourhood. A less obvious perspective is its positioning: while its assessed value is below average for its specific street and area, it ranks well above average citywide. This indicates you may be acquiring more house for your money here than in many other parts of Winnipeg, trading a slightly lower immediate streetside prestige for broader market appeal and affordability.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the citywide average sale price mentioned?
The assessed value (used for property tax calculation) is not a direct market price. The data shows this home’s assessment is low compared to its immediate area but high compared to the entire city’s average assessment. This often indicates the home is in a desirable neighbourhood where values are generally higher, but this specific property may need modernization.

2. What does "basement yes, not renovated" typically mean?
It confirms the house has a basement, but it remains in its original, functional state. Expect finished areas to be basic (e.g., painted concrete, simple flooring) or potentially unfinished spaces, representing an opportunity for future customization.

3. How does the living area compare to nearby homes?
At 1,744 sq ft, it provides more living space than the average home on Wayfield Drive and significantly more than the Winnipeg citywide average. It is comfortably sized for a family compared to most local and city benchmarks.

4. Is the land size a major feature?
The 5,898 sq ft lot is a standout feature on its own street, ranking in the top 16%. This means you likely have a larger yard than most direct neighbours, which is a permanent advantage.

5. What can nearby sales history tell me?
The reference to 103 Wayfield Drive (sold 11/2021) provides a recent benchmark for the street. Comparing its features (smaller living area, higher assessed value) to this listing can help gauge how condition, size, and valuation influence market price in this specific location.