Property Overview
24 Ullswater Way is a modern two-storey home in Winnipeg's Fraipont neighbourhood, built in 2024. It offers 1,523 sqft of living space, an attached garage, and a full, unfinished basement on a 4,015 sqft lot. The home last sold in August 2024.
Key Characteristics & Appeal
The primary appeal of this property is its new construction status. Being only two years old, it offers modern building standards, energy efficiency, and minimal immediate maintenance, which is a significant advantage compared to the city's much older average home. Its living space is comfortably above the citywide average, providing good room for a growing household or home office needs.
However, the data presents a nuanced picture. While the home is newer and larger than most in Winnipeg, it sits on the smaller side for its own street and immediate area in terms of both living space and lot size. Its assessed value is notably higher than the city average but is around the median for the Fraipont area. This suggests you are paying a premium for the modern build in a neighbourhood of relatively newer homes, rather than for expansive square footage or land.
This home would suit a buyer looking for a modern, move-in-ready property who prioritizes contemporary features over a large yard. It’s ideal for those who want to avoid the surprises and renovation projects common with older homes. It may also appeal to someone who values being in a fresh, developing community street scene, as all homes on Ullswater Way appear to be from the same recent period.
Frequently Asked Questions
1. Why is the assessed value so much higher than the city average?
The assessed value reflects the home's very recent construction (2024). New builds typically have higher valuations due to modern materials, current building codes, and the absence of depreciation seen in older homes.
2. Is the unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, it offers valuable, flexible space and allows the next owner to customize it to their exact needs without needing to undo previous work.
3. The lot size is below average for the city. How important is that?
This depends on lifestyle. The lot is reasonably sized for the Fraipont area. It's suitable for a patio, garden, and play area but may not accommodate extensive landscaping or large outbuildings. It can mean less outdoor maintenance.
4. How does this home compare to others on the same street?
The data indicates this home has less living space and a smaller lot than the average on Ullswater Way. However, it is the newest home on the street. The street itself is composed entirely of very new properties, creating a uniform, modern streetscape.
5. What does the sold price history tell me?
The home sold very recently in August 2024. This provides a clear, current market benchmark for its value, which is useful for comparison. The exact sold price is available upon request from the listing source.