3 Lucerne Place

Property Overview: 3 Lucerne Place, Winnipeg

Key Characteristics & Buyer Appeal

This two-storey home, built in 2020, offers modern living in Winnipeg's Fraipont neighbourhood. With 1,674 sqft of living space and an attached garage, it presents a practical, low-maintenance layout. Its key appeal lies in its balance of being a relatively new build—sparing owners from immediate major renovations—within a community of similar-aged homes. The property sits on a standard city lot, providing manageable outdoor space.

The data reveals a nuanced position. Within its immediate area, the home's assessed value is notably below the street average, which could signal an opportunity for value-conscious buyers. Citywide, however, its modern build date places it in an elite tier compared to Winnipeg's older housing stock. This combination makes it particularly suited for first-time buyers or downsizers seeking a contemporary home without a premium price tag, and for those who prioritize move-in readiness and predictable upkeep over a larger or more established lot.

Frequently Asked Questions

1. Why is the assessed value on this street lower than the average?
While the home is similar in size and age to its neighbours, assessed values can vary due to specific lot characteristics, interior finishes, or precise location within the subdivision. A below-average assessment on the street can sometimes indicate a relative value opportunity.

2. What does the "unrenovated basement" mean?
The listing notes the basement exists but is not renovated. This means it is likely a blank canvas of finished or unfinished space, offering potential for future expansion (like a rec room or additional bedroom) without the cost of undoing someone else's renovations.

3. How does this home compare to the overall Winnipeg market?
Its 2020 build date is a significant advantage citywide, where the average home is decades older. This typically means newer building materials, modern insulation standards, and updated electrical and plumbing systems, which can lead to lower maintenance costs in the short to medium term.

4. What is the neighbourhood of Fraipont like?
Fraipont appears to be a newer development, as evidenced by the cluster of homes built around 2020. This often suggests a community with similar demographics and well-planned, consistent streetscapes, but may have less mature landscaping and established trees.

5. Where can I find exact historical sale prices?
The provided sold price ranges are estimates from public data. To obtain the precise sale prices for this property, you can request the information directly via the email link provided on the listing page.