Property Summary: 194 Crestmont Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern, low-maintenance property built in 2020. Its key appeal lies in its balance of being a relatively new build with a recently renovated basement, offering move-in readiness without the immediate concerns of an older home. With 1,619 sqft of living space, it sits comfortably above the city-wide average, providing ample room for a small family or couple.
The home’s assessed value of $500k positions it as an above-average offering both on its street and city-wide, suggesting good perceived value for its condition and location. A thoughtful perspective is that while the lot size is compact compared to many city homes, this aligns with a modern, efficient use of space and likely means less yard upkeep—an appeal for busy professionals. The attached garage adds practical convenience for Winnipeg winters.
This property would best suit first-time homebuyers or downsizers seeking a modern home in a developed neighbourhood without the premium of a brand-new build. It’s also a sensible fit for those who value a renovated basement for extra living space but want to avoid a major project.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value ranks in the top 26% on Crestmont Drive, meaning it is valued higher than most direct neighbours. This is likely due to its newer construction (2020) and renovated basement compared to other homes on the street.
2. Is the lot size a concern?
The land area is below average for the street and city. This means a smaller yard, which could be a drawback if outdoor space is a priority. However, it also translates to less maintenance, which some buyers may prefer.
3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the details. Buyers should inquire about the scope of work, the quality of finishes, and whether proper permits were obtained to understand its true value and condition.
4. How does the age of this home (2020) compare to the area?
On Crestmont Drive, it’s actually slightly older than the street average (2022). However, city-wide, a 2020 build is in the elite top 3%, making it a very new home compared to most of Winnipeg’s housing stock.
5. What is the likely price range based on recent sales?
A nearby, very similar home at 195 Crestmont Drive (built 2021, slightly smaller) has an assessed value of $409k. The last known sale for 194 Crestmont Drive was in 2020 for approximately $38.5k–$41.5k, which reflects its initial purchase price. The current $500k assessment indicates significant appreciation, and a buyer should research recent sales of comparable 2020-built homes in Fraipont for a true market price.