Property Overview: 71 Lucerne Place, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern, above-average property built in 2021. Its primary appeal lies in its generous scale and contemporary foundation within an established neighbourhood. With 2,480 sqft of living space, it ranks in the top 3% of homes city-wide for size, offering substantial room for a growing or multi-generational family. The attached garage and full (though unrenovated) basement provide practical storage and future expansion potential.
The home’s value is underscored by its assessed value, which places it in the elite top 4% for Fraipont and city-wide, suggesting a premium build quality, finishes, or desirable lot placement. The property sits on a 5,052 sqft lot, which is above average for both the street and the neighbourhood, offering good outdoor space for a newer home.
This property would best suit buyers looking for a move-in ready, modern home without the wait or uncertainties of new construction, but who appreciate the efficiency and design of a recent build. It’s ideal for those who prioritize interior space and a premium assessment, and who may see the unfinished basement as a blank canvas for future customization rather than a drawback.
Section 2: Frequently Asked Questions
1. What does the "Elite" or "Top %" ranking actually mean?
These rankings compare this home against all others in Winnipeg based on specific metrics. For example, being in the "Top 3%" for living area means it is larger than 97% of homes city-wide, confirming its standout size.
2. The assessed value seems high for the area. Why?
While the assessed value is in the top 4% for the neighbourhood, it reflects the combination of the home's newness, large square footage, and likely higher-quality materials. It indicates the municipality views it as a premium property compared to older or smaller homes nearby.
3. Is an unrenovated basement a major concern?
Not necessarily. For a 2021 build, the basement is likely well-insulated and properly framed, with modern plumbing and electrical rough-ins already in place. It represents a significant opportunity to add customized living space without the major structural work older basements often require.
4. How does the lot size compare to older neighbourhoods?
At just over 5,000 sqft, the lot is above average for newer Fraipont homes but smaller than the city-wide average lot, which includes many older, sprawling properties. This is typical for modern subdivisions and offers a manageable yard with lower maintenance.
5. The home sold in early 2022. What does that recent sale history suggest?
A sale just three years after being built is not uncommon and doesn't inherently signal an issue. It could reflect a relocation, a change in family circumstances, or an investor’s decision. The detailed sold price data available by request is crucial to understanding the local market’s valuation of the property since its initial purchase.