Property Overview
This one-storey home at 13 Bow Water Drive in Winnipeg's Fraipont neighbourhood presents a specific and compelling profile. Built in 2018, it is a modern property with an unrenovated basement and an attached garage, situated on a notably generous lot for its area.
Key Characteristics & Appeal
The primary appeal of this home lies in its balance of modern construction and land value. While its 1,500 sqft living space is modest compared to immediate neighbours (ranking it at the lower end for Bow Water Drive), it is above the city-wide average. This suggests a efficient, newer layout that may suit those preferring single-level living without excessive square footage. The standout feature is the 5,773 sqft lot, which is significantly larger than most in Fraipont and on its own street, offering ample outdoor space and potential.
Its assessed value is well above average for both the neighbourhood and the entire city, indicating strong official valuation relative to peers. This, combined with its recent build year, positions it as a low-maintenance, modern home in a well-regarded area. It would particularly suit buyers seeking a newer build to avoid major immediate repairs, those who value generous private outdoor space over a very large interior, and downsizers or young families looking for single-storey convenience with room to grow outdoors.
Frequently Asked Questions
1. Is the price reasonable for the home's size?
While the living area is below average for the immediate street, the assessed value reflects premiums for the modern build year, the large lot size, and the desirability of the Fraipont area. You are paying for land, condition, and location as much as pure square footage.
2. What does "basement, not renovated" imply?
The basement is finished but has not been updated since the home was built in 2018. It is likely functional and in good condition, but may feature builder-grade finishes that could be modernized to personal taste over time.
3. How does the lot size compare practically?
At nearly 5,800 sqft, the lot is over 25% larger than the average lot in Fraipont. This translates to more backyard space for gardening, recreation, or future additions like a deck or shed, which is a notable advantage in newer subdivisions.
4. The home sold in 2022. What can that price history tell me?
The sold price range from 2022 provides a recent market benchmark. Comparing it to the current assessed value can help gauge how local valuations have moved. It's a solid data point for understanding the property's trajectory.
5. Who are the typical neighbours or buyers in this area?
Given the above-average assessed values in Fraipont, the neighbourhood tends to attract established professionals and families. The mix of newer homes (like this one) and older properties suggests a community with a range of ages, often valuing stability and amenities.