Property Overview & Key Characteristics
This two-storey home at 292 Crestmont Drive in Winnipeg's Fraipont neighbourhood is a modern, above-average property in several key metrics. Built in 2022, it offers a move-in-ready opportunity with no pending renovation needs. Its primary appeal lies in its generous 2,004 sqft of living space, which ranks in the top 7% of homes on its street and top 11% citywide, providing ample room for a growing family or those who value spaciousness. The attached garage and full (though unrenovated) basement add practical utility and future potential.
The home’s assessed value is consistently strong, ranking in the top tiers for its street, neighbourhood, and across Winnipeg, suggesting a solid investment in a desirable area. While the lot size is ample for the street, it is more modest by wider city standards, indicating a community with a tighter, more neighbourhood-focused feel rather than sprawling yards.
This property would best suit buyers looking for a modern, low-maintenance home in a community of similar recent builds. It’s ideal for professionals or families who prioritize interior square footage and contemporary construction over a large outdoor space. The strong comparative rankings suggest it appeals to those seeking a home that stands out in its immediate area for size and value, likely within a competitive price segment.
Frequently Asked Questions
1. How does this home’s size truly compare to others?
The living area is a standout feature. It’s notably larger than the average home on Crestmont Drive, in the Fraipont area, and across Winnipeg, placing it in the top 11-13% citywide for space.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $53.70k is a strong benchmark, ranking in the top 10% on its street. Given the home sold in late 2022 for between $55.50k and $58.50k, the assessment and recent sale history provide a consistent picture of its value tier.
3. What is the neighbourhood context for this property?
Crestmont Drive appears to be a street of very modern homes, with the average build year around 2022. This suggests a uniform, newer community feel, which can be appealing for consistent aesthetics and infrastructure.
4. What are the trade-offs with the land size?
The 4,075 sqft lot is above average for the street but below the Winnipeg city average. Buyers gain a modern, spacious interior but should expect a yard size typical of newer subdivisions rather than older neighbourhoods.
5. What does an unrenovated basement mean for a 2022 home?
For a home this new, it most likely means the basement is finished to a basic, functional standard (e.g., drywalled, with flooring) but lacks high-end upgrades or customizations. It represents a blank canvas for future finishing touches rather than a dated space needing work.