222 Crestmont Drive is a modern two-storey home in Winnipeg's Fraipont neighbourhood. Built in 2020, it offers 1,619 sqft of living space with an attached garage and an unfinished basement. The home sits on a 3,622 sqft lot.
Its primary appeal lies in its balance of contemporary construction and established value. As a near-new build, it offers modern efficiencies and minimal immediate maintenance, which is a notable advantage citywide where the average home is decades older. The living space is comfortably above the city average, providing good room for a growing household or home office setup. The assessed value positions it as a solid, mid-range property within its immediate area, suggesting it’s priced in line with the local market without premium pricing.
This home would suit first-time buyers or young families looking for a move-in-ready property in a developing area. It’s also a practical choice for value-conscious buyers who want a newer home but don’t require a large lot, as the property trades yard space for a modern structure.
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How does the lot size impact the property?
The lot is smaller than most on Crestmont Drive and in the city overall. This means lower outdoor maintenance but less private yard space. For buyers who prioritize the home itself over landscaping or extensive outdoor living, this is a fair trade-off.
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Is the unfinished basement a drawback or an opportunity?
It's both. It requires an investment to finish, but it also allows the next owner to customize the additional space to their exact needs—whether as a rec room, home gym, or additional bedroom—without paying a premium for a previous owner's choices.
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What does the "around average" assessment for the street and area indicate?
It suggests the home is not overvalued relative to its immediate neighbours. In a stable area, this can be a positive, indicating less risk of a price correction compared to homes that are priced at the top of their micro-market.
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The home sold in 2020. What might that mean?
As the first resale since its initial construction, this sale will help establish a true market price for the home, separate from its original new-build price. It provides a clearer picture of its current value in the resale market.
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How does its citywide ranking for year built affect long-term value?
Being in the top 3% citywide for newness is a significant advantage. It typically translates to lower expected repair costs for major components (like roof, HVAC) for many years, which is a form of financial predictability that older homes cannot offer.