Property Overview: 343 Crestmont Drive, Fraipont
Key Characteristics & Appeal
This two-storey home at 343 Crestmont Drive is a modern property in a neighbourhood of newer builds. Its primary appeal lies in its contemporary construction, having been built just two years ago in 2024, which places it among the newest homes in Fraipont and citywide. With 1,539 sqft of living space, it offers above-average roominess for Winnipeg overall, while fitting the typical scale of the immediate Crestmont Drive area. The home features an attached garage and a basement (not renovated), situated on a standard-sized urban lot.
The property suits buyers seeking a move-in ready, low-maintenance home without the concerns or update costs often associated with older properties. It represents a balanced option: newer than most of the market, yet priced at an assessed value that is around average for the city. This makes it a practical choice for professionals, small families, or anyone who values modern building standards and prefers to avoid immediate major renovations. A thoughtful perspective is that while the lot size is smaller than the city average, this often translates to less yard upkeep, aligning with a modern, efficient lifestyle. The data shows nearby, similarly aged homes have sold recently, indicating an active and stable demand for this type of property in the area.
Frequently Asked Questions
1. Is this a brand-new home?
No. The home was built in 2024, so it is nearly new but not a brand-new construction. It will likely still carry the benefits of modern building codes and warranties, without being a pre-construction purchase.
2. How does the assessed value relate to the likely selling price?
The assessed value of $41,500 is for municipal tax purposes. The recent sold price range for a nearly identical neighbour (333 Crestmont) was $39,500–$42,500, suggesting the assessed value is a reasonable ballpark figure, but the final market price will be determined by current conditions.
3. What does "basement, not renovated" mean?
It indicates the home has a basement, but it is in a basic, unfinished state. This presents both a project and an opportunity—it adds functional space for storage or utilities now, and offers the potential to add significant living area in the future to suit your needs.
4. The home ranks "below average" for assessed value in Fraipont. Is that a concern?
This specific ranking reflects that its assessed value is lower than many homes in the wider Fraipont area. Given that it's one of the newest homes, this isn't necessarily negative. It can indicate a relatively lower property tax burden compared to other homes in the district, while still being in a desirable, modern neighbourhood.
5. Are there comparable homes nearby?
Yes. The listings for 333 and 357 Crestmont Drive are highlighted as worth viewing. They are nearly identical in age, size, and value, confirming this is a consistent and established street for this type of modern, mid-sized home.