Property Overview
25 Bonaventure Drive E is a modern bi-level home in Winnipeg's Fraipont neighbourhood. Built in 2018, it offers 1,289 sqft of living space, an attached garage, and a full, unrenovated basement. The property sits on a 4,544 sqft lot.
Key Characteristics & Appeal
This home’s primary appeal lies in its modern construction within a well-established city context. Being built in 2018, it offers contemporary building standards and systems, likely requiring less immediate maintenance than the city's older housing stock. Its assessed value is notably above average citywide, suggesting solid municipal valuation, yet it sits below average for its own street and area, which could indicate a relative value opportunity within Fraipont.
The bi-level design often provides good separation between living and sleeping areas. The existing basement presents a clear canvas for future customization to increase liveable space. The lot size is above average for Fraipont, offering decent outdoor space for a newer home.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without being in a brand-new subdivision. It’s also a practical fit for value-conscious buyers who see potential in the unfinished basement and are comfortable with a home that may be more modest in scale compared to some immediate neighbours.
Frequently Asked Questions
1. Is this a good value for the area?
The data presents a mixed picture. The home’s assessed value is above the Winnipeg average but below the average for both Bonaventure Drive E and the wider Fraipont area. This suggests it might be priced more accessibly than many nearby homes, potentially offering good value for a modern build.
2. What does the "below average" living area ranking mean?
At 1,289 sqft, the living area is smaller than most similar homes on its street and in Fraipont. This means the home prioritizes modern efficiency over sheer size. Buyers should ensure the layout and room sizes meet their needs.
3. How does the year built affect this home?
Built in 2018, the home is newer than 96% of properties citywide. This is a significant advantage, typically translating to newer roofing, HVAC, windows, and electrical systems, potentially reducing near-term repair costs.
4. What is the potential of the basement?
The basement is noted as "not renovated," meaning it is unfinished but ready for development. This allows a new owner to customize the space to their needs—whether for recreation, storage, or an extra bedroom—adding significant value.
5. Why is the assessed value so different across comparisons?
The assessed value is relative. It's higher than the city average because Winnipeg has many older homes. It's lower than the street and area averages because many neighbouring homes in Fraipont are larger, have more renovations, or sit on larger lots, factors which increase their assessment.