Property Overview
This two-storey home at 41 Thelon Way in Winnipeg's Fraipont neighbourhood is a modern, low-maintenance property built in 2019. With 1,367 sqft of living space, it sits on a compact 3,078 sqft lot and features a detached garage and an unfinished basement. Its appeal lies in its contemporary construction, which offers move-in readiness and newer systems compared to much of the city's older housing stock. The home suits first-time buyers seeking a modern build without a premium price tag, or downsizers looking for a manageable property with minimal immediate upkeep. A thoughtful perspective is that its below-average lot size for the area translates to less yard work, which can be a practical benefit for those with busy lifestyles, while its "around average" citywide metrics suggest it represents a solid, middle-of-the-market option.
Key Details & FAQs
Key Characteristics & Appeal
This is a practically sized, modern home built in 2019. Its key characteristic is its contemporary age, placing it in the top 4% of homes citywide for newness, which typically means updated building codes, materials, and systems. The living space is average for Winnipeg overall, and the assessed value is also positioned around the citywide median. In its immediate Fraipont neighbourhood, however, the home sits on a smaller lot and has a lower assessed value than many comparable properties. This creates its primary appeal: a newer home at a relatively accessible value point within the area. It would suit buyers prioritizing modern construction and move-in condition over expansive outdoor space, and is a viable option for those priced out of larger, more established homes in the same community.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The assessed value (listed as $43.10k) is for municipal tax purposes. The recent sold price range (May 2024) was between $43.50k and $46.50k, which better indicates its market value.
2. What does "basement yes, not renovated" mean?
It confirms the home has a basement, but it is unfinished. This provides essential utility space and storage, and offers potential for future customization, but would require investment to develop into living space.
3. How does this home compare to others on the same street?
The data shows it is newer than most on Thelon Way (top 9%), but has a smaller living area and land size than the street average. Its assessed value is also below the street's average, suggesting it may be a more compact or modest option on the block.
4. What are the implications of a smaller lot size?
The lot is below average for both the street and the wider Fraipont area. This means less private outdoor space for gardening or recreation, but also reduced maintenance like mowing and landscaping—a trade-off that some buyers may prefer.
5. Why is the citywide assessed value comparison so different?
The citywide benchmark for "comparable homes" is noted as $390k, which is significantly higher than this home's assessment. This suggests the comparison group citywide includes different types of properties. The more relevant comparisons are the local (street and neighbourhood) rankings provided.