370 Bonaventure Drive W

Property Overview: 370 Bonaventure Drive W

Section 1: Key Characteristics & Appeal

This two-storey home in Winnipeg's Fraipont neighbourhood is a modern, above-average property built in 2020. Its key strength is its generous and efficient living space. At 2,252 sqft, the home ranks in the top 10% on its street and top 5% in Fraipont for size, offering significantly more room than typical area comparables. This is paired with a fully renovated basement, adding to its functional space. The home's assessed value also ranks highly, indicating a premium positioning within its market.

The appeal lies in acquiring a near-new build that requires minimal immediate work, combined with a spacious layout that is uncommon for the area. The attached garage adds practical convenience. While the lot size is more compact compared to others on Bonaventure Drive, this often translates to lower maintenance, making it suitable for those who prefer indoor living space over extensive yard work.

This property would best suit buyers looking for a move-in-ready, modern home with ample room for a growing family or for entertaining. It’s ideal for professionals or families who value contemporary finishes, space efficiency, and a home that stands out statistically in its neighbourhood for size and condition, without the desire for a large garden.

Section 2: Frequently Asked Questions

1. How does the lot size impact the property?
While the land area is smaller than the average lot on Bonaventure Drive, it is closer to the average for Fraipont and city-wide. This typically means less time and cost spent on landscaping and yard maintenance, allowing owners to focus more on the home's generous interior living space.

2. What does the high assessed value ranking indicate?
Ranking in the top 6-7% for assessed value in both Fraipont and city-wide suggests the property is officially valued well above the median. This generally reflects its newer construction, size, and renovations, which can be positive for equity, but buyers should be aware of the corresponding property tax implications.

3. Is the sold price history from 2020 relevant today?
The 2020 sale price is a historical data point that established the home's original market value. The current assessed value has risen significantly since then, reflecting market changes and the added value of the basement renovation. Current market conditions and recent comparable sales will be more critical for determining today's value.

4. What is the neighbourhood context of Fraipont?
The home ranks as "Elite" for living area within Fraipont, meaning it is among the largest homes in this neighbourhood. This suggests Fraipont may feature a mix of home sizes, with this property being a notably spacious offering within that community.

5. Why is the "Year Built" ranking so high on the street?
Ranking in the top 5% for year built on Bonaventure Drive simply means this is one of the newest homes on that particular street. It indicates the street likely has a variety of home ages, with this property being part of its more recent construction.