Property Overview: 56 Geneva Lane, Fraipont
This two-storey home, built in 2019, presents a modern and low-maintenance living option in Winnipeg's Fraipont neighbourhood. With 1,603 sqft of living space, it sits above the citywide average for size. The property features a detached garage and a basement that is noted as being unfinished and not renovated. It does not have a pool.
Key Characteristics & Appeal
The primary appeal of this home lies in its modern construction, offering buyers a move-in-ready property that is unlikely to require major system updates or renovations in the near future. Its living area is notably spacious for the city and ranks highly on its own street. While the lot size is compact compared to broader city averages, this often translates to less yard upkeep—a potential plus for busy professionals or those seeking a more lock-and-leave lifestyle. The detached garage provides flexible storage or workshop space.
The data suggests a nuanced position in the market. The home's assessed value is above average citywide but is below average for the Fraipont area specifically. This could indicate an opportunity for a buyer who values the modern build within this neighbourhood. It would suit first-time buyers looking for a modern home without an overwhelming yard, young families appreciating the newer build and floorplan, or investors attracted to a property with contemporary fixtures and lower immediate maintenance costs.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as being unfinished and not renovated. It presents a blank canvas for future development to add living space.
2. How does the property compare in size to others nearby?
With 1,603 sqft, this home offers above-average living space for both the city and its immediate street (Geneva Lane), where it ranks in the top 13%. However, its land area is more compact than many city lots.
3. What does the assessed value ranking mean for this area?
The home's assessed value is above the Winnipeg average but below the average for the broader Fraipont neighbourhood. This suggests it may be priced accessibly within a desirable area, but market conditions should be verified.
4. What are the implications of the home being built in 2019?
A 2019 build is very new by Winnipeg standards (top 4% citywide). Buyers benefit from modern building codes, energy efficiency, and contemporary layouts, with many major components under warranty.
5. What are the nearby properties like?
The immediate neighbours on Geneva Lane are homes of a similar vintage and style, suggesting a cohesive, modern streetscape. The provided "worth viewing" comparable at 113 Wapta Crescent is larger and has a higher assessed value, offering context for the upper range of similar local properties.