Property Overview: 35 Twintree Way, Fraipont, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2023, offering a move-in-ready opportunity in the developing Fraipont neighbourhood. With 1,574 sqft of living space, it sits comfortably around the average for its immediate area but ranks above average citywide, indicating a efficient and well-proportioned layout for a newer build. The home features an attached garage and an unfinished basement, providing practical storage and future expansion potential.
Its primary appeal lies in its balance of new construction benefits and established community context. As a three-year-old home, major systems and finishes are under warranty and modern, yet the property isn’t in a brand-new subdivision—it’s nestled on a street with many similarly aged homes, suggesting a settled streetscape. The assessed value ranks above average both on its street and citywide, which can indicate good perceived value and stability. The lot size, while smaller than the city average, is generous for the street and typical for newer neighbourhoods, requiring less maintenance.
This property would suit first-time buyers or young families seeking a modern, low-maintenance home without the wait or uncertainties of a brand-new build. It’s also a practical fit for value-conscious buyers who want contemporary amenities but prefer a neighbourhood that has already begun to mature visually. The unfinished basement is a key feature for buyers looking to customize additional space to their own needs over time.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value of $48.30k is a municipal valuation for tax purposes. The last recorded sale was in September 2023 for between $50.50k and $53.50k. Market price is influenced by current conditions, but this history provides a recent benchmark.
2. What does the "above average" citywide ranking for living area mean?
While the home’s square footage is typical for Fraipont, it is larger than the average Winnipeg home (1,342 sqft). This suggests you get more interior space than in many older city neighbourhoods, but without an overly large property to maintain.
3. Is the unfinished basement a drawback?
Not necessarily. For many buyers, it’s an advantage. It provides ample storage and represents a blank canvas to finish later according to your specific needs (e.g., a rec room, home office, or extra bedroom), potentially adding significant value.
4. The lot size is noted as "below average" citywide. Should I be concerned?
This is common for newer homes built in the last decade. The lot is actually above average for Twintree Way itself. It offers a manageable yard size that is easier and less costly to maintain, which is often a desired feature for busy households.
5. What can nearby, recently sold homes tell me?
The listed comparable properties (like 333 and 357 Crestmont Drive, built 2022-2023) are very similar in age, size, and value. This consistency reinforces that this home is priced and sized in line with the current character of this specific part of Fraipont, offering a good basis for comparison.