Property Overview: 20 Crimson Way, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2018, offering a move-in-ready structure with a 1,460 sqft living area. Its key appeal lies in its contemporary build within a newer neighbourhood, requiring no major immediate renovations. The home presents a practical value proposition: it's a recently built house with an assessed value ($420k) that sits below the averages for both its immediate street and the Fraipont area, suggesting a potentially competitive entry point into a modern home.
The property would suit first-time buyers or small families looking for a newer build without the premium often attached to the very latest constructions. It’s also a sensible fit for buyers who prioritize a low-maintenance, modern home over a large lot, as the land size is notably compact compared to city-wide averages. A thoughtful perspective for the right buyer is the balance it strikes: you acquire a home with modern building standards and systems, while the below-average rankings for value and land size in the area indicate room for future equity growth as the still-developing neighbourhood matures.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is present but unrenovated. This offers a blank canvas for future expansion or storage, but would require investment to develop into living space.
2. How does the property compare to others nearby?
The data shows this home is newer than many in Fraipont but has a smaller lot and a lower assessed value than most on its own street and in the immediate area. This can indicate a value opportunity or reflect the specific lot characteristics.
3. What are the garage and pool facilities?
The property has no pool and no garage. Parking would be limited to driveway or street parking.
4. The sold price history shows a range of $44.5k-$47.5k. Is that accurate?
No, that figure appears to be a data error or misrepresentation. The assessed value is $420k, which aligns with the local market. For exact, verified sold price history, you must request the information directly from the listing service.
5. What is the potential here for resale or value growth?
The home’s modern build is a strong asset. Its growth potential is likely tied to the overall development of the Fraipont neighbourhood and future improvements to the home itself, such as finishing the basement. The current below-average assessment for the area could provide a cushion for appreciation.