427 Crestmont Drive

Property Overview: 427 Crestmont Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2022, offers modern living in Winnipeg's Fraipont neighbourhood. Its key appeal lies in its balance of being a contemporary, low-maintenance property within a community of similar newer homes. With 1,587 sqft of living space and an attached garage, it provides practical family-sized accommodation. The basement exists but is not renovated, presenting a blank canvas for future expansion.

The property’s standout characteristic is its relative newness, placing it in the top 1% of homes city-wide by year built. This translates to modern building standards, energy efficiency, and minimal immediate repair concerns. Its lot size of 3,937 sqft is above average for Crestmont Drive, offering more private outdoor space than many of its direct neighbours, though it is smaller than the typical Winnipeg lot. The assessed value of $480k positions it as an above-average offering city-wide, but competitively priced within its immediate area.

This home would best suit buyers seeking a move-in ready, modern property without the unpredictability of older homes. It’s ideal for professionals or young families who value being part of a newer subdivision community and want to avoid major renovations. The unrenovated basement is a notable feature for buyers who view customization as a plus rather than a drawback, allowing them to finish the space to their own taste and budget.

Section 2: Frequently Asked Questions

1. How does this home compare to others on the street and in Fraipont?
The home is consistently around average for Crestmont Drive and the wider Fraipont area in terms of living space, assessed value, and age. Its lot size, however, is above average for the street, offering a bit more yard space than many neighbouring properties.

2. What does the "Top 1%" city-wide ranking for year built mean?
This statistic highlights that Winnipeg's housing stock is predominantly older. A 2022 build date is exceptionally recent compared to the city-wide average home age, suggesting superior modern amenities, insulation, and systems that require less imminent upkeep.

3. Is the sold price history from 2022 relevant?
The 2022 sale (in the $445k-$475k range) was likely the initial purchase from the builder. While it provides a baseline, the current assessed value and market conditions will be the primary drivers of today's listing price.

4. What are the implications of an unrenovated basement?
This means the lower level is unfinished but likely includes rough-ins for plumbing and electrical. It represents both a cost and an opportunity: you’ll need to invest to finish it, but you can customize the layout, materials, and design to your specific needs from the start.

5. The land area is "below average" city-wide. Should I be concerned?
This is typical for newer subdivisions, where lot sizes are often smaller than in older, established neighbourhoods. The more relevant comparison is locally—its lot is actually above average for Crestmont Drive. It provides a manageable yard space with less maintenance than a larger, city-typical lot.