Property Overview
77 Twintree Way is a modern, two-storey home in Winnipeg's Fraipont neighbourhood, built in 2022. With 1,646 sqft of living space and an attached garage, it represents a move-in ready, low-maintenance property. Its key appeal lies in its balance of being a newer build within a well-established context. While the lot size is modest compared to the wider city, it is typical for its immediate area, offering a manageable yard. The home’s assessed value positions it as above average citywide, suggesting solid construction and finishes for its age. This property would suit first-time buyers or young families seeking a contemporary home without the uncertainties of an older build, as well as downsizers looking for modern convenience and minimal immediate renovation needs. A thoughtful perspective is that its "above average" citywide ranking for living area, paired with a newer build, offers efficiency and modern layouts that can be harder to find in Winnipeg's older, larger housing stock, potentially translating to lower utility and upkeep costs.
Frequently Asked Questions
1. How does this home compare to others on the street and in Fraipont?
The home is consistently above or around average for its immediate peers. Its living space is in the top 24% on Twintree Way, and it's newer than 77% of all homes citywide, ranking in the top 1% for age. Its lot and assessed value are generally in line with neighbourhood averages.
2. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is undeveloped. This presents both a future opportunity for expansion and a reason for its current pricing, as the square footage and assessed value reflect the finished above-grade space only.
3. What is the likely price range based on recent sales?
A nearby and very similar reference property at 10 Twintree Way (built 2022, 1,608 sqft) sold for a range between $49.50k and $52.50k in August 2022. Market conditions have changed since then, but this provides a direct benchmark from the same street and build period.
4. Who would this property not suit?
Buyers seeking a large, private yard or those wanting a character home with renovation potential may find it less appealing. The lot is below the citywide average for size, and as a nearly new build, major projects are unlikely, which limits customization opportunities in the short term.
5. How current and reliable is the assessed value?
The assessed value of $47.80k is a municipal valuation for tax purposes, not a market appraisal. It is a useful benchmark showing the home is valued above average citywide. However, the actual market price is determined by current supply, demand, and recent sales of comparable homes.