102 Lucerne Place

Property Overview: 102 Lucerne Place, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 2020, offers a modern, low-maintenance foundation in the Fraipont neighbourhood. With 1,838 sqft of living space, it sits comfortably above the city-wide average, providing ample room for a growing family or those who appreciate spacious, contemporary layouts. The home includes an attached garage and a basement (not renovated), presenting a blank canvas for future development.

Its primary appeal lies in its balance of being a newer build within a well-established context. While the lot size is more compact compared to older city neighbourhoods, this often translates to less yard upkeep. The property’s assessed value positions it as a strong, above-average value city-wide, suggesting a solid investment in a modern home without the premium of a custom build. It would suit first-time buyers looking for a move-in-ready newer home, or practical buyers who prioritize modern systems and efficient space over a large, demanding yard. A thoughtful perspective is that this home represents a "middle ground"—it’s newer than most of Winnipeg’s housing stock, yet it’s in a neighbourhood with peers of a similar age, offering community consistency without standing out as an anomaly.

Frequently Asked Questions

1. How does this home compare to others on the street and in Fraipont?
The home is very typical for its immediate area. Its living area, year built, and assessed value are all consistently around the average for Lucerne Place and the wider Fraipont neighbourhood, meaning it fits right in with the local market.

2. What is the potential of the unrenovated basement?
The existing basement provides valuable additional space for storage or utilities. As it is unfinished, it offers the next owner full flexibility to develop it to suit their needs—whether as a rec room, home office, or additional bedrooms—adding significant potential living area to the home’s footprint.

3. Is the property a good value compared to the rest of Winnipeg?
City-wide data indicates this property ranks in the top 20% for assessed value and the top 16% for living area. This suggests you are getting more space and perceived value for your dollar compared to the Winnipeg average, likely due to its newer construction.

4. What are the sold price trends for similar homes nearby?
Based on recent sales of comparable newer homes in Fraipont (like those on De La Seigneurie Blvd. or Twintree Way), prices have historically clustered in a similar range. For the exact sold price history of this specific address, you can request the detailed report via email.

5. What should I know about the lot size?
The lot is approximately 4,075 sqft. This is standard for newer subdivisions in Fraipont but is below the city-wide average lot size. This means less outdoor maintenance, but also less private yard space than you might find in older neighbourhoods.