Property Overview: 43 Crimson Way, Fraipont
Key Characteristics & Appeal
This two-storey home at 43 Crimson Way is a modern, above-average property in several key areas. Built in 2019, it is a relatively new construction that requires little in the way of immediate updates. Its primary appeal lies in its generous 1,968 sqft of living space, which ranks in the top 7% of homes on its street and the top 12% city-wide, offering more room than most comparable properties. The home features a renovated basement and an attached garage.
The property’s assessed value is notably strong for its immediate area, ranking in the top 7% on Crimson Way. This suggests a perception of quality and desirability that outpaces many neighbors. The lot size of 4,436 sqft is comfortably above average for the street, providing good outdoor space without the burden of extensive maintenance.
This home would best suit buyers looking for a move-in ready, modern property that already stands out in its neighborhood for size and perceived value. It’s ideal for a growing family or professional couple who prioritize space and newer construction, and who appreciate a home that compares favorably to its peers on paper—a solid choice for those seeking a balance of comfort and sound investment in a well-established area.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in August 2021. At that time, its sale price ranked in the top 13% city-wide for comparable properties, indicating it was a premium purchase. Its current assessed value continues to rank highly against nearby homes.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the listing agent to understand if it’s a finished living space, a recreational room, or has a separate entrance.
3. Is the property in a newer development?
The home was built in 2019, making it newer than most homes in Winnipeg (which average from 1966 city-wide). However, on its street and in Fraipont, it is close to the average build year, meaning it fits seamlessly into a neighborhood of relatively modern homes rather than being an outlier.
4. What are the potential reasons behind the strong assessed value?
The high ranking for assessed value likely reflects the combination of its above-average living area, new age, and renovated condition compared to peers. It suggests the municipality views it as one of the more substantial properties in the immediate vicinity.
5. How does the lot size impact the property?
At 4,436 sqft, the lot is larger than most on Crimson Way but is closer to the average size in the broader Fraipont area. This typically means a good balance of private outdoor space without the extensive upkeep required of much larger, rural-style lots.