Property Overview & Appeal
This two-storey home on Wapta Crescent in Fraipont is a modern, low-maintenance property built in 2018. Its key characteristics include a renovated basement, an attached garage, and a living space of 1,843 sqft set on a standard 4,494 sqft lot. The appeal lies in its balance of being a relatively new build—sparing buyers from immediate major repairs—coupled with the added value of a finished basement. The data suggests it occupies a unique position: while its assessed value is in the top tier for the street and neighbourhood, its living area is more modestly ranked, indicating a premium may be placed on its condition, updates, or specific location within the area.
It would suit practical buyers looking for a move-in-ready home in a developing community, who value modern systems and a renovated space over a larger, older footprint. It’s also a sensible fit for those mindful of property taxes, as the assessed value is firmly established, providing clearer future budgeting than a newly built home with an untested assessment.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The home is assessed at $599,000, which places it in the top 10% of the neighbourhood. This high assessment often reflects recent market value, but the final sale price will be determined by current market conditions.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on the finish, layout, or whether it includes a legal suite are not provided. This would be a key point to clarify with the seller or a viewing.
3. Is this a good area for future resale value?
The data shows Fraipont is an active community with many newer and recently sold homes, suggesting steady demand. The property’s high assessment rank and newer build are positive factors for value retention.
4. Why is the living area ranked lower than the value?
The home’s living space is above average for Winnipeg but ranks in the middle-to-lower tier for its immediate street and neighbourhood. This indicates the premium is likely driven by the home’s newer age, renovated condition, and lot, rather than sheer size.
5. What are the comparable homes in the area?
The listing suggests nearby homes on Bonaventure Drive and Eau-Claire Drive as references, with a range of sizes and values. This indicates a varied streetscape, so visiting the specific block is important to understand the character of this home’s immediate surroundings.