Property Overview: 198 Whitehorn Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the Fraipont neighbourhood is a modern property, built just two years ago. Its key appeal lies in its new construction, offering move-in readiness without the concerns of aging systems or major immediate repairs. The home features 1,484 sqft of living space, an attached garage, and a full (unrenovated) basement.
The property presents a compelling value perspective. While its living space is modest for its immediate street and area, its assessed value of $420k is notably lower than many neighbours, suggesting a potentially more accessible entry point into a newer home. The lot size is a comfortable 3,484 sqft, which is above average for the street. This combination—a very recent build, a functional layout, and a competitive valuation—makes it particularly suited for first-time buyers or young families seeking a modern home in a developing area without a premium price tag. It’s also a practical choice for those who prefer a lower-maintenance property due to its age, but who have the vision to potentially finish the basement to add future value and space.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data suggests it is competitively positioned. While the home is newer than most on the street, its assessed value ranks in the lower tier (93rd percentile, meaning only 7% of comparable street homes are valued lower). This indicates you may be paying less for a newer property compared to neighbours, though the living space is also slightly smaller than the street average.
2. What does "below average" for living area in the area mean practically?
In the broader Fraipont area, homes average about 1,668 sqft. This home’s 1,484 sqft is about 11% smaller. For buyers, this means efficient use of space is key; it may have fewer or more compact rooms than some older, larger homes in Winnipeg, but it benefits from a modern floor plan.
3. The basement is noted as "not renovated." What should I consider?
This means the lower level is unfinished. It presents both a cost and an opportunity. You’ll need to budget to finish it for livable space, but you also have the chance to customize it to your needs, which can significantly increase the home’s total usable square footage and value.
4. How does the recent sale price (listed as ~$43.5k-$46.5k) relate to the $420k assessment?
The listed sale price range appears to be an error or a data fragment (possibly representing a down payment or partial figure). The assessed value of $420k is the city’s estimate for taxation purposes and is typically closer to market value. For an accurate sale history, you must request the exact sold price from the provided service.
5. The land is "below average" size citywide but "above average" on the street. Why does that matter?
Citywide averages include many older neighbourhoods with larger lots. This lot is actually one of the larger ones on Whitehorn Crescent (top 25%). This is a more relevant comparison, indicating you likely have more yard space than most direct neighbours in this specific subdivision, which is a plus for privacy and outdoor use.