Property Overview: 119 Crestmont Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2020, offering move-in readiness with a renovated basement. Its primary appeal lies in its exceptional combination of space and value within its context. The nearly 2,000 sqft of living area is notably above average for both the street and the wider neighbourhood. More significantly, the property sits on a large, 7,539 sqft lot, which ranks in the top 3% on Crestmont Drive and the top 5% in Fraipont, offering rare potential for outdoor living, gardening, or future expansion.
The home’s assessed value is high relative to its immediate peers, suggesting it is considered a premium property on its street. This positions it not just as a comfortable family home, but as a solid long-term asset in a desirable location. It would suit buyers looking for a modern, low-maintenance home without sacrificing yard space—a rarity in newer subdivisions. It’s ideal for growing families who value both indoor living area and outdoor privacy, or for those who see the substantial lot as a strategic investment in land value.
Section 2: Frequently Asked Questions
1. Is the high assessed value a concern for property taxes?
While a higher assessed value typically leads to higher property taxes, it also reflects the property’s premium standing and investment value compared to neighbouring homes. It’s advisable to budget accordingly.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing or inquiry with the listing agent is necessary to determine if it’s a finished living space, a recreational room, or has a separate entrance.
3. The home was built in 2020, but the ranking on its street is “below average” for year built. Why?
This indicates that Crestmont Drive is a very new street, with many homes constructed even more recently (around 2022 on average). This home is still modern but is among the earlier builds on this developing block.
4. How does the lot size compare to typical city lots?
At 7,539 sqft, the lot is above average (top 13%) city-wide. While some older city neighbourhoods have larger lots, this size is exceptional for a newer area like Fraipont, offering more space than most contemporary builds.
5. Are there any recent sales of comparable homes on the same street?
Yes, nearby homes on Crestmont Drive with similar modern build years (2021-2022) have recently sold. While slightly smaller in living area and assessed value, they provide useful benchmarks for the current market activity in this specific, new neighbourhood.