20 Geneva Lane

Property Overview: 20 Geneva Lane, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 2019, is a modern property in the Fraipont neighbourhood. Its primary appeal lies in its relative newness, which places it among the newest homes both on its street and city-wide, potentially reducing immediate maintenance concerns. The home features 1,336 sqft of living space, a detached garage, and an unrenovated basement.

The property presents a nuanced value proposition. While its living space and lot size (3,077 sqft) are below average for its immediate area, this translates to a more manageable yard and efficient interior layout, suited for smaller households or those seeking lower upkeep. The assessed value is notably below average for the street and neighbourhood, which could indicate a more accessible entry point into a newer construction home. This combination makes it particularly suitable for first-time buyers, small families, or practical downsizers who prioritize a modern build year and a detached garage over expansive square footage. It’s a home that offers contemporary fundamentals in a compact package.

Frequently Asked Questions

1. Is the below-average lot size a major drawback?
Not necessarily. While smaller than many in the area, the lot requires less maintenance and landscaping effort, which can be a benefit for busy homeowners or those not interested in extensive gardening.

2. Why is the assessed value significantly lower than the city-wide average for comparable homes?
Assessed values are for municipal tax purposes and are influenced by many factors, including specific neighbourhood valuations and property characteristics. The key comparison is that it's also below average for its own street and Fraipont area, which may reflect its smaller size or other localized factors.

3. What does "basement, not renovated" imply?
It means the basement is unfinished or in its original builder state. This offers a blank canvas for future expansion or storage, but any development would require additional investment.

4. How does the home's age compare to others nearby?
Built in 2019, it is one of the newest homes on Geneva Lane and is newer than the typical Winnipeg home. In the broader Fraipont neighbourhood, its age is around the average.

5. The past sold prices shown are ranges. How can I get the exact figure?
The exact historical sold prices are available by request. You can provide your email via the button on the listing page to receive the precise figures manually, typically by the end of the same day.