Property Overview: 108 Crestmont Drive
Key Characteristics & Appeal
This two-storey home at 108 Crestmont Drive in Fraipont is a modern, spacious property built in 2020. Its primary appeal lies in its generous scale and strong standing within its immediate area. With 2,252 sqft of living space, it ranks in the top 2% of homes on Crestmont Drive for size, offering significantly more room than neighbouring averages. The property sits on a 5,338 sqft lot, which is also well above the local norm, providing ample outdoor space. It features an attached garage and a basement, though the basement is noted as not being renovated.
The home’s assessed value positions it as an elite property on its street and above average in the wider Fraipont area, suggesting a perception of quality and desirability in its micro-market. While it’s a newer build by city-wide standards, it’s actually slightly older than many immediate neighbours, which may appeal to buyers looking for a settled-in home in a fresh development without the premium of the very latest construction.
This property would best suit buyers looking for a move-in ready, modern family home in a newer neighbourhood, who prioritize interior space and a larger lot. It’s ideal for someone seeking a home that stands out in size and value within its specific community, rather than just a generic new build.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in late 2020 for an estimated range of $46.5k to $49.5k. Its current assessed value is $57.70k. This increase reflects market changes and the property’s maturation, but a professional appraisal and market analysis are essential to determine its current fair market value.
2. What does "basement not renovated" imply?
The basement is finished but has not been updated since the home was built in 2020. It is likely functional and compliant with building codes of that time, but may have a basic finish level. This presents a blank canvas for future customization.
3. The home is newer, but ranked "below average" for year built on its street. What does that mean?
This indicates that several homes on Crestmont Drive were built even more recently, many around 2022. This isn't a negative; it means the property is in a actively developing area and this specific home has had a few years for its landscaping and systems to settle.
4. Are the property taxes likely to be high?
Given its assessed value is in the top 3% on its street and top 13% in Fraipont, the property taxes will likely be higher than the average for the immediate area. Prospective buyers should budget accordingly.
5. What is the significance of the lot size ranking?
The lot is in the top 6% on its street for size. In a newer neighbourhood where lots can be smaller, this is a distinct advantage, offering more privacy, yard space, and potential for additions or landscaping compared to direct neighbours.