Property Overview: 416 Whitehorn Crescent, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built just two years ago in 2024. Its key characteristic is its newness, ranking in the top 1% of homes by year built across the wider city. With 1,488 sqft of living space and a renovated basement, it offers a contemporary, low-maintenance starting point. The assessed value is notably above the city-wide average, suggesting a solid perceived worth in the broader market.
Its primary appeal lies in its modern construction within a neighbourhood of newer homes, offering move-in readiness and likely fewer immediate repair concerns. The appeal is balanced, however, as the lot size is compact compared to most city properties, and the living space is slightly below average for the immediate area. This creates a specific value proposition: you are investing primarily in the building's age and condition rather than land or square footage.
This home would suit a buyer prioritizing modern systems, energy efficiency, and a blank canvas for personalization without the headaches of an older home. It's also well-suited for those who prefer a smaller, more manageable yard. It may be less ideal for buyers seeking expansive indoor living areas or a large private outdoor space, as the metrics show it trades size for newness.
Frequently Asked Questions
1. How does this home's value compare to others?
Its assessed value of $45,100 is above the Winnipeg average but around the middle of the pack for its own street and neighbourhood. This indicates you're paying a premium for the new construction relative to older homes in Fraipont.
2. Is the lot size a concern?
At just over 3,000 sqft, the lot is compact. It ranks in the bottom 10-12% for lot size on the street and in the area. This means smaller outdoor spaces and potentially closer proximity to neighbours, but also less yard maintenance.
3. What does "renovated basement" mean here?
Given the home was built in 2024, the basement renovation is likely original or nearly original finishing by the builder, not a later upgrade. It means the lower level is developed as living space from the start.
4. Why is the city-wide assessed value ranking so much stronger than the local ranking?
This highlights the age of Winnipeg's housing stock. Compared to a city where the average home was built in 1966, a 2024 build stands out sharply. In Fraipont, a newer neighbourhood, it's among newer homes but doesn't stand alone.
5. There's no garage. Is that typical?
The listing notes no garage. In a newer subdivision, this could be a design choice or a cost-saving option from the original build. Buyers should budget for alternative parking or the potential cost of adding a structure later, subject to local bylaws.