Property Overview
This two-storey home at 202 Whitehorn Crescent in Winnipeg's Fraipont neighbourhood is a modern property built just two years ago. Its key appeal lies in its new construction, offering move-in readiness and modern building standards without the wait or uncertainty of a new build. With 1,480 sqft of living space, an attached garage, and a full (unrenovated) basement, it provides a practical layout for everyday living.
The home’s characteristics present a nuanced value proposition. While its living space and assessed value are below average for its immediate street and area, it is a notably newer home than most in Winnipeg, ranking in the top 1% city-wide for its year of construction. This means buyers gain the benefits of a contemporary home—like updated building codes, efficiency, and minimal immediate maintenance—within a more established community setting. The lot size is generous for the street but more compact compared to wider city averages, suggesting a lower-maintenance yard.
This property would suit first-time buyers or small families looking for a modern, low-maintenance home who prioritize the condition and age of the house over maximum square footage. It’s also a sensible fit for value-conscious buyers who want newer construction but are comfortable with a home that is modest in scale relative to some neighbours, potentially allowing for a different point of entry into a desirable area.
Frequently Asked Questions
1. Is this a good value for the area?
The home's assessed value is below the average for both Whitehorn Crescent and the broader Fraipont area. This, combined with its very recent build date, suggests you may be paying primarily for a modern structure rather than a premium lot location or extensive upgrades, which can represent a strategic value for the right buyer.
2. What does the "unrenovated basement" mean?
The basement is finished as living space but has not been updated since the home was built two years ago. It is essentially a blank canvas—clean and functional, but without any custom renovations. This could be seen as a positive, allowing you to finish it to your taste without needing to demolish old work.
3. How does the lot size compare?
At 3,484 sqft, the lot is above average for Whitehorn Crescent but below the average lot size for both Fraipont and Winnipeg as a whole. This typically translates to a manageable yard with less outdoor maintenance.
4. The home sold very recently. Why is it back on the market?
The property sold in July 2024. While the specific reason isn't provided, such a quick turnaround is not uncommon with new constructions and can be due to a change in the original owner's circumstances, relocation, or an investor decision. A thorough inspection and title review are always recommended.
5. What are the long-term prospects here?
As one of the newest homes on the block and in the city, it should have a long lifespan before major systems need replacement. Its value trajectory will likely be tied to how the premium for new construction holds up as the home ages and how the surrounding neighbourhood of older homes evolves.