Property Overview: 58 Lucerne Place, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2019, offering a practical and low-maintenance living space in Winnipeg’s Fraipont neighbourhood. With 1,674 sqft of living area, it provides above-average space citywide, though it is a moderately sized home within its own immediate area. It features an attached garage and a full, unrenovated basement, presenting a blank canvas for future development.
The primary appeal lies in its balance of being a relatively new build—which means modern construction standards and fewer immediate repair concerns—coupled with a below-average assessed value for its street. This suggests a potential value opportunity compared to neighbouring homes. The lot size is standard for the suburb, offering manageable outdoor space without excessive upkeep.
This property would suit first-time buyers or young families seeking a move-in-ready home in a newer community, who appreciate the efficiency of a modern layout. It’s also a sensible fit for value-conscious buyers looking at Fraipont, as the data indicates you may get more home for your money here compared to some direct neighbours, while still benefiting from the area’s overall amenities and newer infrastructure.
Frequently Asked Questions
1. Is this a good value compared to other homes nearby?
The data suggests it is. While the home’s living space is on par with the area, its assessed value is below the street average. This could indicate a favourable purchase price point within a desirable, newer neighbourhood.
2. What does the “unrenovated basement” mean for me?
The basement is finished but has not been updated since the home was built in 2019. It’s functional and clean, but represents the main opportunity to add personal value and tailor the space to your needs, whether as a rec room, home office, or additional bedrooms.
3. How does the home’s size truly compare?
Its size is a study in perspective. It feels spacious compared to the Winnipeg city-wide average, but is fairly typical for Fraipont. Buyers should consider if the layout and square footage meet their needs without expecting an unusually large home for this specific suburb.
4. What is the likely property tax based on the assessed value?
Property taxes are calculated using the assessed value of $48,600 and the City’s mill rate. You can estimate your annual tax by multiplying the assessed value by the current residential mill rate (available on the City of Winnipeg website).
5. The home sold recently in 2023 and 2024. What does that indicate?
The recent sales history suggests a stable and active market for this property. It’s not uncommon for newer homes to see turnover as owners’ circumstances change. Reviewing the sold price ranges can help gauge current market momentum, but for the exact figures, you’ll need to request the detailed history.