Property Overview: 147 Crestmont Drive, Fraipont
Key Characteristics & Appeal
This is a modern, two-storey home built in 2021, offering a move-in-ready foundation in the Fraipont neighbourhood. With 1,543 sqft of living space, it sits comfortably around the average size for its immediate street and area, but ranks within the top 28% citywide, indicating a more spacious layout than most Winnipeg homes. Its key appeal lies in its contemporary construction, which means fewer immediate concerns about major aging systems, and its attached garage.
The property presents a nuanced value proposition. Its assessed value is notably below average for both Crestmont Drive and Fraipont, which could signal an opportunity for value-conscious buyers. However, this is balanced against a land area that is smaller than the citywide average. The home suits first-time buyers or young families looking for a modern, low-maintenance property without the premium price tag of a fully renovated or custom-built home. It’s also a practical choice for those who prioritize interior space and newer amenities over a large yard.
Frequently Asked Questions
1. Is this a good value compared to neighbours?
The home’s assessed value is below the average for both the street and the broader Fraipont area, which can indicate a relative value opportunity. However, it’s wise to investigate if this reflects the specific condition of the home, its finishing level, or other factors not captured in the assessment.
2. What does the "unrenovated basement" mean?
The basement is finished but has not been recently updated. This means it’s functional living space, but buyers should budget for potential cosmetic updates or consider it a blank canvas for future personalization.
3. How does the lot size affect this property?
The lot is around average for the street but below the citywide average. This typically means lower yard maintenance, which is a plus for some, but may be a consideration for buyers wanting extensive outdoor space for gardening or recreation.
4. The home sold in 2021 and again in 2022. Should I be concerned?
The recent sales history suggests a quick turnover. While this can sometimes raise questions, in a newer subdivision it may simply reflect typical investor activity or the relocation of the original owner. A title search and home inspection are recommended to ensure there are no underlying issues.
5. How does this home compare to others nearby?
Direct comparisons to similar homes on the same street (like 131, 179, and 195 Crestmont Dr.) show nearly identical living areas, ages, and assessed values. This indicates the property is competitively positioned within a consistent, modern segment of the neighbourhood.