Property Overview: 712 De La Seigneurie Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2019, offering a move-in-ready foundation in the Fraipont neighbourhood. Its key characteristics include 1,496 sqft of living space, an attached garage, and a full (though unrenovated) basement on a 3,517 sqft lot. The home’s primary appeal lies in its balance of relative newness and established community. As a 7-year-old property, major systems and finishes are likely still in good condition, offering a practical alternative to brand-new construction. The lot size is above average for its street, providing good outdoor space.
The property suits first-time buyers or young families looking for a modern home without the premium of a recent build. It also appeals to value-conscious buyers who prefer a home that’s past its initial settling phase but is still contemporary. The unrenovated basement presents a clear opportunity for future customization to add value and space. Notably, while the home ranks well for its lot size locally, its assessed value is competitive within the wider Winnipeg market, suggesting it may represent a solid value proposition in a newer neighbourhood context.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Fraipont is a newer, developing community in Winnipeg. The listing shows several similar homes built between 2019-2023 nearby, indicating a consistent, modern streetscape with likely a mix of young families and professionals.
2. Why is the assessed value significantly higher than the last sale price?
The home sold for $381,000 in late 2019, shortly after being built. The current assessed value of $443,000 reflects the market appreciation and established status of the property over the past several years, aligning it with similar homes in the area.
3. What does “basement, yes, not renovated” mean?
It confirms the house has a full basement that was finished as part of the original build (likely with standard drywall, flooring, etc.), but it has not seen any subsequent upgrades or custom renovations. It’s functional space ready for your personal touch.
4. How does this home compare to others on the street?
The data indicates this home has a larger-than-average lot for the street (top 35%) and is newer than many (top 63%). Its living area is about mid-range (top 45%). This suggests a favourable balance of outdoor space and modern construction relative to its immediate neighbours.
5. Is there potential for future value growth?
The existing basement provides a straightforward opportunity to add value through renovation. Furthermore, the property’s assessed value ranks in the top third for its street but only in the top 73% for Winnipeg, hinting that as the newer Fraipont neighbourhood matures, values may have room to align more closely with city-wide averages.