Property Overview: 230 Whitehorn Crescent, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2024, offering the primary appeal of a nearly new build with minimal maintenance concerns. Its key characteristics include 1,484 sqft of living space, an unfinished basement, an attached garage, and a 3,484 sqft lot. The home’s assessed value is notably below average for its immediate street and neighborhood, yet it sits around the city-wide average, presenting a potential value proposition.
Its appeal lies in its contemporary foundation within the developing Fraipont area. Buyers get a modern layout and systems without the premium often attached to brand-new properties. The unfinished basement is a blank canvas for customization, adding value for those willing to invest. This property would suit first-time homebuyers seeking a move-in-ready modern home, or practical buyers who prioritize newer construction and are comfortable with a home that offers room to personalize over time. A thoughtful perspective is that while the lot size is smaller than many in the city, it is above average for its own street, suggesting a low-maintenance yard in a community of similar, newer homes.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
Yes, based on assessed value. The home ranks in the top 88% on Whitehorn Crescent, meaning its assessed value is lower than most of its direct neighbors, which average about $47,100. This could indicate a favorable entry point into a street of newer homes.
2. What does the "unfinished basement" mean for me?
It means the basement is a blank space with essential structural and utility work completed (like framing, electrical, and plumbing rough-ins), but without finished walls, floors, or ceilings. This is a cost-saving feature upfront and allows you to customize the space to your needs and budget later.
3. How does the home's size compare to the area?
At 1,484 sqft, the living area is slightly below the average for both Whitehorn Crescent (1,617 sqft avg.) and the broader Fraipont neighborhood (1,668 sqft avg.). This suggests a efficient, potentially more affordable footprint within a community of larger new builds.
4. The home is very new. Why is the assessed value relatively low?
Assessed value is for taxation purposes and considers many factors, including recent sale prices of comparable homes. Its value being "below average" for the street but "around average" city-wide may reflect the specific market dynamics and pricing in the developing Fraipont area.
5. What are the potential downsides of a 2024 build?
While offering modern standards, a home from a recent development may have a smaller lot size compared to older city neighborhoods, as seen here. There may also be ongoing construction in the immediate area as the community fills in. It’s wise to inquire about the builder’s reputation and any remaining new-home warranties.