Property Overview: 86 Twintree Way, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2023, offering a move-in-ready opportunity with minimal upkeep in its early years. Its key appeal lies in this contemporary foundation paired with a notably accessible price point for a newer build. With 1,389 sqft of living space, it is moderately sized—slightly below average for its immediate street and neighborhood, but very close to the average home size citywide. The lot is compact, which translates to less exterior maintenance.
The property’s assessed value is significantly below average for both the street and Fraipont, yet aligns more closely with the wider Winnipeg average. This creates an interesting dynamic: it’s a newer home in a newer area, but positioned at a value tier often associated with older properties. It would suit first-time buyers or practical downsizers seeking modern construction without a premium price, and who prioritize a low-maintenance interior over expansive yard space. A thoughtful perspective is that this home offers the benefits of modern building standards and efficiency in a manageable package, representing a strategic entry into a newer community.
Section 2: Frequently Asked Questions
1. Why is the assessed value lower than many neighbors on the same street?
While newer, this home has less living area and a smaller lot than many comparable houses on Twintree Way, which are key factors in municipal assessment. This directly contributes to its value positioning.
2. What does the sold price history indicate?
The home sold in March 2023 for between $455,000 and $485,000. This recent sale provides a concrete market benchmark from just over two years ago, which can be a useful reference point in understanding its current market position.
3. Is the basement finished?
No, the basement is present but not renovated. This offers future expansion potential but would require investment to become livable space.
4. How does the property rank for its year built?
Its 2023 build date is a standout feature. It ranks in the top 20% on its street, top 13% in Fraipont, and in the elite top 1% citywide, highlighting its rarity as a very recent construction in a city with many older homes.
5. What are the trade-offs for the value?
The value is achieved through a more efficient use of space. You gain a modern, low-maintenance home but with a smaller interior footprint and yard compared to some neighbors. It’s a balance of contemporary quality versus sheer size.