101 Lucerne Place

Property Overview: 101 Lucerne Place, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in the Fraipont neighbourhood is a modern, spacious property built in 2020. Its key characteristic is its generous 2,425 sqft of living space, which places it in the top 5% of homes on its street and the top 2% within Fraipont. The home features a renovated basement and an attached garage, situated on a standard urban lot of approximately 4,593 sqft.

The primary appeal lies in its combination of contemporary construction and above-average size for the area, offering move-in-ready space without the need for immediate updates. Its assessed value is notably strong, ranking in the top 6% of the neighbourhood, suggesting a solid investment profile. This property would best suit buyers looking for a modern, low-maintenance family home in a newer community, particularly those who value ample interior space over a large yard. It also appeals to the data-conscious buyer, as its metrics consistently outperform local averages for living area and value.

Section 2: Frequently Asked Questions

1. How does this home’s size truly compare to others?
This home’s living area is significantly larger than average. It is about 800 sqft bigger than the typical Winnipeg home and ranks 20th out of 1,128 comparable properties in Fraipont.

2. What does the "Elite" or "above average" ranking mean for value?
These rankings compare the home to specific peer groups. For assessed value, it ranks in the top 6% in Fraipont, indicating it is valued higher than 94% of similar local homes—a positive sign for its market position and potential equity.

3. Is the lot size a drawback?
The lot is slightly above average for its immediate street and neighbourhood. While it’s smaller than the city-wide average lot, this is typical for newer subdivisions and aligns with the modern trade-off of more interior living space for less exterior maintenance.

4. The home sold in 2020. What can that history tell me?
The initial sale price from 2020 provides a baseline. The current assessed value being in an elite percentile suggests significant appreciation since then, but consulting a real estate professional for a current market analysis is essential.

5. Are there any immediate red flags from this data?
The data shows no obvious concerns. The home is modern, spacious, and well-assessed. The next step would be to investigate things not shown in metrics, such as the quality of the basement renovation, the condition of finishes, and the specific dynamics of the Lucerne Place street itself.