Property Overview: 44 Bow Water Drive, Fraipont
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2017, offers modern construction in a quiet Winnipeg neighbourhood. With 1,606 sqft of living space and an attached garage, it presents a practical, low-maintenance layout. The property’s standout feature is its relative newness compared to the broader city housing stock, offering contemporary building standards without the need for immediate major updates. The basement is unfinished, providing a clean slate for future expansion or storage.
The appeal here is one of balance and potential. While its living space and lot size (4,584 sqft) are modest for its immediate street, they are above average for the city overall, positioning it as a comfortable urban home. It suits first-time buyers or downsizers seeking a modern, move-in-ready property without the premium price tag of a fully renovated home. The unfinished basement is a key asset for a buyer looking to customize and add value over time, rather than paying upfront for someone else’s renovation choices. It’s a home for a pragmatic buyer who values a newer build in a settled area and sees potential in personalizing the space.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others in the area?
Within the Fraipont area, the living space is around the average. On its specific street, Bow Water Drive, it is on the smaller side compared to neighbouring homes, which is a factor in its accessible price point.
2. What is the significance of the assessed value?
The assessed value of $47,700 is around the average for Fraipont but is the lowest on Bow Water Drive. This can indicate a more affordable tax base relative to the street, but it’s essential to distinguish this from current market value, which is influenced by recent sales, condition, and demand.
3. Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is an opportunity. It allows you to design and finish the space to your specific needs—whether as a rec room, home office, or additional bedrooms—without needing to undo or replace an existing, possibly dated, renovation.
4. What can recent sale history tell us?
The home last sold in April 2019 for between $41,500 and $44,500. This historical data provides a benchmark, but the current market value will be determined by present-day market conditions, any changes made to the property since then, and recent comparable sales.
5. Who would this property not suit?
It may not be ideal for buyers seeking a large, established yard or who prioritize having a home that is immediately larger than most on their block. The lot is smaller than the city average, and the living space is below the street average, so those wanting ample room for expansion or top-tier size rankings in their immediate vicinity might look elsewhere.