Property Overview: 111 Mara Place
Key Characteristics & Buyer Appeal
This two-storey home in Winnipeg's Fraipont neighbourhood is a modern property, built in 2023. Its primary appeal lies in its new construction status, offering move-in readiness and contemporary building standards without the need for immediate updates. With 1,958 sqft of living space, it provides above-average roominess for both the neighbourhood and the city, making it a spacious choice for a growing family or those who value ample indoor space.
The home features an attached garage and a basement (not renovated), presenting a blank canvas for future expansion. Its assessed value positions it as a premium property within Fraipont, suggesting a solid investment in a desirable area. The lot size is typical for the street but is smaller than the citywide average, indicating a lower-maintenance yard—a trade-off for the newer, larger home footprint.
This property would best suit buyers prioritizing modern construction and interior space over a large garden. It’s ideal for professionals or families seeking a turnkey home in a well-established community, who prefer spending time on interior living rather than extensive landscaping. A thoughtful perspective is that this home represents a specific modern trend: maximizing living area on a efficient lot, which appeals to those looking for a balance of community and contemporary convenience.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is above average for the Fraipont neighbourhood and ranks in the top 20% locally, indicating it is considered a higher-value property within this community.
2. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished. This provides the next owner with the opportunity to customize the space to their needs.
3. What are the yearly property taxes?
While the exact tax amount isn’t listed here, it can be estimated by applying the Winnipeg municipal tax rate to the assessed value of $53.80k. A tax calculator or inquiry with the city can provide the precise figure.
4. How does the lot size impact the property?
At 3,898 sqft, the lot is fairly standard for Mara Place but below the Winnipeg city average. This typically means less outdoor maintenance but also less private yard space compared to older neighbourhoods with larger lots.
5. What is the sales history of this home?
Public records indicate a sale in February 2023, within the price range of $58.50k to $61.50k. For the exact sale price, you can request the information via email from the listing source.