Property Overview: 303 Crestmont Drive, Fraipont
Key Characteristics & Appeal
This is a modern, two-storey home built in 2023, offering a move-in-ready opportunity in the Fraipont neighbourhood. Its primary appeal lies in its new construction, which means modern building standards, energy efficiency, and minimal immediate maintenance. With 1,520 sqft of living space and an attached garage, it provides practical, contemporary family living.
The home’s standout characteristic is its age—it ranks in the top 1% citywide for being newer than comparable properties, a significant advantage in a market with an average home built in 1966. However, it presents a nuanced value proposition. Its assessed value is below average for its immediate street and neighbourhood, which could indicate a value opportunity or reflect specific lot or finishing details. The lot size is smaller than the city average, but typical for the local area, suggesting a focus on low-maintenance outdoor space rather than expansive yards.
This property would suit first-time buyers or young families seeking a modern home without the worries of older systems, and who prioritize interior space and new finishes over a large garden. It’s also a sensible choice for those looking in Fraipont who want a newer build without a premium price tag, as the data suggests it may be priced competitively within its micro-market.
Frequently Asked Questions
1. Is this a good value for a new home?
The data suggests a mixed picture. While the home is notably newer than most in the city, its assessed value is currently below the average for both Crestmont Drive and the wider Fraipont area. This could represent a value opportunity, but it’s wise to investigate the specific reasons, such as lot orientation or interior finishes, through a viewing.
2. What does the below-average lot size mean for me?
At 3,690 sqft, the lot is manageable and typical for the street. It’s suited for those who prefer less yard maintenance. For city-wide comparisons, it’s smaller than average, so buyers prioritizing large private outdoor space may need to look elsewhere.
3. How does this home compare to others on the same street?
It ranks above average for living area and year built on Crestmont Drive, meaning it’s newer and of a competitive size among its direct neighbours. Its assessed value ranks lower, which is an interesting point for further research.
4. What are the likely maintenance considerations for a 2023 build?
A home this new should have all major components (roof, HVAC, appliances) under warranty or with significant life remaining. Immediate capital expenses should be minimal, allowing budget to focus on personalization rather than repairs.
5. Why is the assessed value different from the recent sold price range shown?
The sold price range (Nov 2023: ~$43.50k - $46.50k) is historical, likely from its initial sale. The current assessed value ($40.90k) is an official valuation for tax purposes, which can differ from market value. Consulting a local real estate agent for a current market analysis is recommended.