Property Overview: 16 Bow Water Drive, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2020, offering a move-in-ready opportunity with a renovated basement. Its key appeal lies in its balance of being a newer construction within a well-established city context. While its 1,624 sqft living area is modest for its immediate street—ranking in the lower third of homes on Bow Water Drive—it is above the city-wide average, offering efficient, contemporary living space. The attached garage and a generous 4,777 sqft lot provide practical family amenities and outdoor space.
The home’s assessed value positions it as a premium property in the broader Winnipeg market (top 17% citywide), yet it appears more accessibly priced within its own neighbourhood and street. This creates a unique value proposition: you acquire a home that is newer than 97% of properties across Winnipeg, with modern systems and minimal immediate maintenance, in a setting where it isn't the most expensive house on the block. It would suit first-time buyers looking for a modern home without a "starter home" feel, or downsizers seeking a newer, low-maintenance property without compromising on space or neighbourhood amenities.
Frequently Asked Questions
1. How does the property’s value compare to nearby homes?
The home’s assessed value is above average for both the Fraipont area and the city as a whole. However, on its own street (Bow Water Drive), it ranks in the lower third for value, suggesting it may offer a competitive price point within a desirable micro-location.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and whether it includes a legal suite or additional bedrooms are not provided in the public data. This would be a key point for buyer inquiry.
3. Is this a good investment compared to older homes?
As a 2020 build, this home offers modern building codes, energy efficiency, and likely fewer major repair concerns in the near term compared to the city’s median home age (1966). This can translate to lower ongoing maintenance costs, a factor beyond just square footage.
4. Why is the living area smaller than other homes on the street?
The data shows homes on Bow Water Drive are, on average, larger. This property represents a more efficient, modern floor plan. Buyers should consider if the quality and newness of the construction offset the difference in raw square footage compared to potentially older, larger neighbours.
5. How can I find out the exact historical sale price?
The exact sold price from August 2020 is not publicly displayed. The listing service offers to provide this precise figure via email upon request, stating they aim to reply manually by the end of the same day.