37 Wapta Crescent

Property Overview: 37 Wapta Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is defined by its generous space and established, above-average standing within its community. Built in 2018, it offers modern construction without the wait of a new build. The key figures are compelling: with nearly 2,000 sqft of living space and an 8,000+ sqft lot, the property ranks in the top tier locally for both interior volume and land size. This combination is rare, providing ample room for both daily living and outdoor enjoyment.

The appeal lies in this balance of a move-in-ready modern home with the premium of a large, private yard—a feature that is increasingly scarce in newer subdivisions. Its assessed value of $550k aligns with its above-average metrics, suggesting a property that holds its worth well against peers. It would particularly suit growing families or those who value space for hobbies, gardening, or entertaining, and who prioritize a home that already has established landscaping and neighbourhood maturity over a brand-new development lot. A thoughtful perspective is that while the basement is noted as unrenovated, this presents a straightforward opportunity for future customization to add significant value, rather than inheriting someone else’s potentially dated finish choices.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to recent sales?
Based on public data, a home on this same street sold in 2022 for between $685,000 and $715,000. The current assessed value is $550,000, but a professional market evaluation is essential to determine the accurate present-day listing or sale price.

2. What is the neighbourhood like?
Fraipont is a mature, established area. The data shows this home’s lot size is in the "Elite" top 4% for the neighbourhood, indicating it is notably larger than most surrounding properties, which often translates to more privacy and space.

3. Is the basement finished?
The listing specifies the basement exists but is "not renovated." This means it is likely an unfinished space, offering a blank canvas for future development to add living area, subject to permits and regulations.

4. How does the home’s age affect its condition?
Built in 2018, the home is relatively modern and should have contemporary building standards and systems. Major components like the roof, HVAC, and appliances are likely still within their typical lifespan, but a thorough home inspection is always recommended.

5. Why are the city-wide comparisons for the year built so high?
The data shows that city-wide, this 2018 build is in the top 4% for age. This isn't about quality, but simply reflects that Winnipeg has a large stock of older homes; a 2018 construction is therefore newer than approximately 96% of all city properties.