Property Overview: 299 Crestmont Drive, Fraipont
Key Characteristics & Appeal
This is a modern, two-storey home built in 2023, offering a move-in-ready opportunity with the benefits of a newer build. With 1,520 sqft of living space, it sits comfortably around the average size for its immediate street and neighborhood, but ranks well above average citywide, indicating efficient use of space for an urban setting. The home features an attached garage and a basement (not renovated), providing flexible space for storage or future development.
Its primary appeal lies in its balance of new construction and value. The assessed value is notably below average for both Crestmont Drive and the wider Fraipont area, which can present an attractive entry point into a neighborhood of newer homes. For a buyer, this suggests potential equity growth as the property aligns more closely with its peers over time. The lot size is standard for the subdivision but smaller than the city average, resulting in lower maintenance—a plus for those seeking a newer home without extensive yard work.
This property would suit first-time buyers or downsizers looking for a modern, low-maintenance home without the premium price tag often attached to brand-new builds. It’s also a practical choice for investors or buyers who value a newer roof, furnace, and major systems, preferring to customize the basement and finishes to their own taste over time.
Frequently Asked Questions
1. Why is the assessed value lower than similar homes on the same street?
Assessed values are based on historical data and municipal formulas, not just recent sale prices. This newer home may have been assessed before recent upgrades or market shifts, or it may reflect specific municipal valuation criteria. It often indicates a potential value opportunity relative to its neighbors.
2. What does "basement, not renovated" typically mean in a home this new?
In a 2023 build, this usually means the basement is unfinished but is a clean, dry shell with rough-ins for potential future development. It offers a blank canvas for adding living space, a rental suite, or storage, according to the next owner's needs and budget.
3. How does the smaller citywide lot size impact living here?
The lot is efficient for a newer subdivision, meaning less time and money spent on landscaping and yard upkeep. The trade-off is less private outdoor space, which is worth considering if gardening or extensive outdoor entertaining is a priority.
4. The home sold in late 2023. Why might it be back on the market so soon?
Short ownership periods can be due to many neutral factors, such as job relocation, a change in family circumstances, or the initial purchase being an investment. A professional inspection is always recommended, but in a home this new, major structural issues are less likely.
5. Are the nearby "worth viewing" properties direct competitors?
The listed properties at 333 and 357 Crestmont Drive are very similar in age, size, and value. They serve as useful comparables, indicating this is a consistent, modern segment of the neighborhood. Viewing them can provide a good sense of the standard finishes and layout to expect.