Property Overview: 38 Twintree Way, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2022, offering a move-in-ready condition with the efficiency and low maintenance of a recent build. Its key appeal lies in its balance of contemporary living within a well-established new neighbourhood. With 1,492 sqft of living space, it provides ample room for a small family or couple, sitting comfortably around the average size for its immediate street and the wider city.
The home’s standout characteristic is its value positioning. The assessed value is notably below average for both its street and the Fraipont area, which could represent a relative value opportunity in a newer community, especially when combined with the modern year of construction. It suits first-time buyers or downsizers seeking a modern home without a major renovation project, and pragmatic investors who value newer infrastructure and predictable maintenance. A thoughtful perspective is that while the lot size is smaller than many in the city, this aligns with newer developments and translates to less yard upkeep—an appeal for those seeking a lock-and-leave lifestyle or more time indoors.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as "not renovated." This presents a blank canvas for future expansion or storage, but would require investment to develop into living space.
2. What are the parking arrangements?
The listing specifies there is no garage. Buyers should inquire about driveway space or on-street parking permits to understand their full parking options.
3. How does the assessed value compare to the last sale price?
The home sold in late 2022 for an estimated range between $435,000 and $465,000. Its current assessed value is $418,000. It’s important to discuss this variance with a real estate professional to understand current market conditions.
4. Is this a good area for a family?
The Fraipont neighbourhood features many newer homes (this one is newer than 77% of area homes), suggesting a community of modern dwellings. The presence of many similar-aged homes on Twintree Way indicates a cohesive, recently developed streetscape.
5. Why is the assessed value ranked so low compared to the neighbourhood?
While the home is newer, its assessed value is in the bottom 12% on its own street. This doesn’t necessarily reflect condition, but may relate to specific lot attributes, exact location within the area, or the assessed values of larger, higher-end homes nearby pulling the area average up. It’s a key point for valuation discussions.