57 Crimson Way

Property Overview: 57 Crimson Way, Fraipont

Key Characteristics & Buyer Appeal

This 2019-built, one-storey home in Fraipont offers a modern, low-maintenance living package. Its key characteristics include a renovated basement, an attached garage, and a notably generous 4,440 sqft lot for its neighborhood—ranking in the top 4% on its street. With 1,323 sqft of living space, it is compact compared to some immediate neighbors but aligns closely with the Winnipeg average. The home’s assessed value is strong relative to its local area and city-wide, suggesting good value retention for its age.

The appeal lies in its balance of a contemporary build with established community roots. It suits first-time buyers or downsizers seeking a modern home without major renovation worries, and who prioritize outdoor space over a larger interior footprint. A thoughtful perspective is that while the living area is modest for the street, the above-average lot size presents a valuable opportunity for expansion, gardening, or outdoor living—a trade-off that savvy buyers might prefer. Its strong assessed value rankings indicate it's a financially sound proposition in its category, likely appealing to practical, value-oriented purchasers.

Frequently Asked Questions

1. Is the living space too small for the area?
While the living area is below the average for Crimson Way and Fraipont, it is very close to the city-wide average for comparable homes. This indicates the home is efficiently sized for a modern lifestyle, with the trade-off being a larger-than-typical lot.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand if it’s a finished living space, a recreational room, or has a separate entrance.

3. How does the assessed value compare to the likely selling price?
The assessed value ($50.70k) is a municipal valuation for tax purposes and is typically lower than market value. Its "above average" ranking against comparables is a positive indicator of the property’s standing, but the exact sold price history would need to be requested to gauge the market price.

4. What are the benefits of a 2019 build?
A home built in 2019 likely means newer major systems (roof, HVAC, windows), modern building codes, and contemporary energy efficiency, potentially leading to lower maintenance and utility costs in the near term.

5. The lot is large for the street—what are the implications?
A lot size ranking in the top 4% on Crimson Way is a significant asset. It offers more privacy, space for additions like a deck or shed, and future potential. It’s worth checking municipal zoning bylaws to understand what is permissible for expansions or structures.