Property Overview: 223 Crestmont Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2021, offering a move-in-ready foundation in the Fraipont neighbourhood. Its key characteristic is its relative newness within a city-wide context, ranking in the top 2% for year built compared to Winnipeg's predominantly older housing stock. This suggests a home with contemporary building standards and minimal immediate repair concerns.
The appeal lies in its efficiency and positioning. With 1,400 sqft of living space, it is a comfortably sized home that sits around the city-wide average, yet it is notably more compact and affordable than most direct neighbours on Crestmont Drive. This creates a value proposition: you acquire a newer build while carrying lower property taxes, as indicated by its assessed value being the lowest on its street and in Fraipont. The attached garage and standard city lot round out the practical features.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without a premium price tag. It’s also a pragmatic choice for investors or buyers focused on fiscal efficiency, as the low assessment points to significant tax savings compared to nearly identical neighbouring homes. A less obvious perspective is that its smaller size and lower cost on a street of larger, higher-valued homes could offer a unique entry point into a desirable micro-location, with potential for value growth as the newer neighbourhood matures.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbours?
While nearly identical in age and style to nearby homes, this property has a smaller living area. Municipal assessments heavily factor in size, which results in significantly lower property taxes—a key ongoing cost savings.
2. Is the basement finished?
No, the basement is noted as "not renovated." This provides a blank canvas for future expansion but requires investment to become livable space.
3. How does the home’s size compare practically?
At 1,400 sqft, it is perfectly adequate for a small family or couple. However, it is about 200-300 sqft smaller than many immediate neighbours, which typically means fewer or more compact rooms.
4. What does the "Elite" city-wide ranking for year built mean?
It simply means this home is newer than approximately 98% of all homes in Winnipeg. This is a standout feature in a city with many older properties, suggesting newer infrastructure, appliances, and building codes.
5. Can I get the exact historical sale price?
The listed sale price is a range based on public data. The exact price can be requested directly from the site via email; they provide this detail manually without using your email for unsolicited marketing.