Property Overview: 114 Twintree Way, Fraipont
Key Characteristics & Appeal
This is a modern, two-storey home built in 2022, offering a move-in-ready opportunity in a newer development. With 1,470 sqft of living space, it sits comfortably around the average size for both its immediate street and the wider city, providing a practical layout for everyday living. A key characteristic is its efficient, modern construction, which typically means lower immediate maintenance costs and contemporary building standards.
The appeal lies in its balance and positioning. While the home’s assessed value is below average for its neighbourhood and street, it benefits from being a recent build in a city where the average home is decades older. This creates a value proposition: you acquire a like-new property without the premium often attached to brand-new construction. The lot size is compact, especially compared to city-wide averages, which translates to less yard upkeep—a plus for busy professionals or those seeking a low-maintenance lifestyle.
This property would suit first-time buyers or small families looking for a modern home in a developing community. It’s also a sensible fit for pragmatic buyers who prioritize the condition and efficiency of the home itself over having a large yard or paying for a top-tier location within the Fraipont area.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is present but unrenovated. This offers future expansion potential or flexible storage space.
2. What are the typical maintenance costs for a home of this age?
As a 2022 build, major components like the roof, HVAC, and appliances are very new and likely under warranty, suggesting lower near-term repair costs compared to an older home.
3. How does the compact lot size affect daily living?
The 3,124 sqft lot requires less time and expense for landscaping and yard work. It may limit extensive outdoor entertaining space but simplifies upkeep.
4. Why is the assessed value below neighbourhood averages?
This can be influenced by the specific location within Fraipont, the compact lot, and the home’s size. It’s important to note that assessed value is for tax purposes and may differ from current market value.
5. Are there any recent sales for similar homes on this street?
Yes, the home itself sold in August 2022. Nearby comparable properties on Crestmont Drive (similar size, age, and value) can provide useful context for current market conditions.