Property Overview: 118 Twintree Way, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2022, offering a move-in-ready opportunity in the Fraipont neighbourhood. With 1,389 sqft of living space and an unrenovated basement, it provides a solid foundation for a growing family or someone looking for a newer build without the premium of a brand-new construction. Its assessed value of $430k positions it as an average investment on its street and city-wide, but notably below average for the Fraipont area, which could signal relative value within this specific community.
The appeal lies in its balance. You get the benefits of a contemporary home—modern building standards, systems, and layout—without competing in the ultra-new, top-tier price bracket. The detached garage and standard city lot offer practical, low-maintenance living. It would suit first-time buyers stepping up from a condo, young families seeking a modern layout in a established area, or practical investors attracted by the combination of recent build date and a value price point for the neighbourhood. A thoughtful perspective: while the lot size is smaller than many in Fraipont, this translates to less yard upkeep, aligning with a modern preference for low-maintenance, efficient living spaces.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around average for Winnipeg overall and for Twintree Way specifically. However, it ranks below the average assessed value for the broader Fraipont neighbourhood, meaning it may present a more accessible entry point into this area.
2. Is the basement finished?
No, the basement is not renovated. This provides a blank canvas for future expansion or storage, allowing a new owner to customize the space to their needs and budget.
3. What are the property taxes?
While the exact annual tax amount isn’t listed here, it would be calculated based on the City of Winnipeg’s mill rate and the home’s $430,000 assessed value. You can estimate this using the City’s online tax calculator.
4. How does the living space compare to nearby homes?
At 1,389 sqft, the living area is below the current average for both Twintree Way and the Fraipont neighbourhood. This suggests a more efficient or compact footprint compared to many nearby homes, which can mean lower utility costs and less space to maintain.
5. Can I get the exact historical sale price?
Yes, but not automatically displayed. The listed sale range for July 2022 is $44.50k ~ $47.50k. To receive the precise sale price from the vendor, you must request it via email using the provided form. This is a manual process to ensure accuracy and privacy.