Property Overview: 103 Mara Place, Fraipont
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2023, is a modern property in the Fraipont neighbourhood. Its key characteristics include 1,619 sqft of living space, an attached garage, and a renovated basement. The home’s primary appeal lies in its new construction, offering move-in readiness with modern building standards and minimal immediate maintenance. It presents a compelling value proposition within its immediate area, as its assessed value sits below the average for Mara Place itself.
The property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without the premium often attached to brand-new builds. It’s also a practical choice for those who value a renovated basement for extra living space but don’t require a large yard, as the lot size is more compact compared to many city-wide averages. A thoughtful perspective is that this home offers the benefits of a new build in an established area, potentially providing more mature landscaping and a settled streetscape compared to a raw, new subdivision.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The data shows a nuanced picture. While its assessed value is below the average for homes on Mara Place, it is very close to the average for the wider Fraipont area. This suggests it may be positioned as a relative value within its own street.
2. What does the "renovated basement" likely include?
As the home was built in 2023, the term "renovated basement" most likely indicates that the lower level was finished by the builder or a previous owner to create legal, livable space at the time of construction or shortly after, not a later renovation of an old cellar.
3. Is the lot size a concern?
The land area is smaller than most comparables on the street, in Fraipont, and city-wide. This means lower outdoor maintenance but less private yard space. Buyers should consider if a compact, manageable lot is a convenience or a limitation for their lifestyle.
4. Why is the city-wide assessed value comparison so different?
The "above average" city-wide ranking is somewhat misleading without context. It reflects that the assessed value is higher than that of many older, smaller homes across the entire city. The more relevant comparisons are the local (street and neighbourhood) rankings, which provide a clearer sense of its market position.
5. How can I get the exact historical sale price?
The listed sale price is a public data range. The exact, precise sale figure is available by request via email from the listing service. They state they provide this manually and do not use email addresses for unsolicited marketing.