Property Overview: 52 Bow Water Drive, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fraipont offers a practical, modern footprint built in 2017. With 1,777 sqft of living space and an attached garage, it provides a comfortable, low-maintenance layout for everyday living. The home’s appeal lies in its relative newness within a city-wide context—it’s notably newer than most Winnipeg homes—and its efficient use of space, which ranks above average for both the neighborhood and the city. The lot size is generous for the area, offering good outdoor space without being overwhelming.
Its positioning is one of contrasts: on its own street of newer homes, it’s more modest in size and value, but within the broader Fraipont area and especially city-wide, it stands out as a modern, above-average property. This makes it an intriguing option for buyers who prioritize a contemporary build in an established neighborhood without the premium often attached to the largest homes on the block. It would suit first-time buyers or small families looking for a move-in-ready home with modern systems, or practical downsizers seeking single-level living (main floor) with basement storage/expansion potential. The unrenovated basement presents a straightforward canvas for future customization.
Frequently Asked Questions
1. How does the value here compare to the rest of the street?
The home’s assessed value is notably lower than the street average, placing it in the bottom tier on Bow Water Drive. This suggests it may be one of the more accessible entry points onto a street of generally larger, higher-value homes.
2. Is the basement finished?
No, the basement is noted as being present but unrenovated. This provides functional storage or mechanical space as-is, with the potential for future development to add living area.
3. What does the "above average city-wide" ranking really mean for a buyer?
While the home is modest on its own street, its living area, assessed value, and year built all rank within the top 20-30% of all Winnipeg homes. This indicates you’re getting a property that, compared to the overall market, is newer and more valuable than most, which can be a positive for long-term resale.
4. Why is there such a big difference between the last sold price and the current assessed value?
The home last sold in late 2017 for a price typical of a new build at the time. The current assessed value reflects significant market appreciation over the past several years, aligning it more closely with today’s values for similar properties in the area.
5. What’s the community and lot like?
The property sits on a 4,586 sqft lot, which is above average for Fraipont. The neighborhood data suggests a mix of newer infill homes (like this one) among older properties, offering a blend of modern amenities within a mature community setting.