Property Overview
This two-storey home at 30 Mara Place in Winnipeg's Fraipont neighbourhood presents a compelling blend of modern living and established value. Built in 2022, it offers the appeal of a nearly new construction with the practical benefit of having passed its initial settling-in phase.
Key Characteristics & Appeal
The home's primary strength is its generous scale. With 2,844 sqft of living space, it ranks in the top 1-2% of homes in both its immediate area and citywide, offering substantial room for a growing or multi-generational family. This is paired with a modern build that minimizes immediate renovation concerns. Its assessed value is notably strong, placing it in the top 5% citywide, which suggests a solid investment in a desirable footprint.
Its appeal lies in this combination of space, modernity, and value retention. It suits buyers who prioritize move-in readiness and ample square footage over having a brand-new, never-lived-in home. The property is ideal for those looking to avoid the potential delays and uncertainties of a new build but who still want contemporary finishes and systems. The attached garage and standard lot size provide a balanced, low-maintenance exterior. A thoughtful perspective is that this home likely offers better value per square foot than newer builds in the same area, as the initial premium for absolute novelty has diminished, while all the modern advantages remain.
Frequently Asked Questions
1. What does the "unrenovated basement" mean?
The listing notes the basement exists but is not renovated. This means it is a blank canvas—likely with rough-in plumbing for a future bathroom—allowing the next owner to finish it to their specific needs and taste without paying a premium for someone else’s choices.
2. How does the assessed value compare to the last sale price?
The home sold in August 2022 for between $695,000 and $725,000. Its current assessed value of $656,000 is for municipal tax purposes and is a lagging indicator; it should not be interpreted as a current market valuation, which would be determined by recent comparable sales.
3. Is the neighbourhood established or still developing?
With a mix of homes built around 2020-2023 on the street and in Fraipont, the area is likely a mature phase of a newer development. You can expect settled neighbours and established landscaping, rather than ongoing construction.
4. What are the property taxes likely to be?
Property taxes are calculated by applying the annual City tax rate to the assessed value. With an assessment of $656,000, you can estimate taxes by multiplying this figure by the current year's mill rate.
5. Why is the city-wide average lot size larger than this property's?
The city-wide average of 6,570 sqft includes many older neighbourhoods with traditionally larger lots. This property's lot of 5,516 sqft is above average for the newer Fraipont area, representing a more modern, efficient use of land.