88 Bonaventure Drive E

Property Overview

88 Bonaventure Drive E is a well-maintained, one-storey home in Winnipeg's Fraipont neighbourhood. Built in 2016, it offers 1,499 sqft of living space, an attached garage, and a full, unrenovated basement on a 4,792 sqft lot. Its appeal lies in its modern construction, manageable size, and a position that offers different value perspectives depending on the scale you consider. While its living space and assessed value sit below average for its immediate street, they are competitive or above average when compared to the wider Fraipont area and the city overall. This creates a unique proposition: a newer home in a neighbourhood of even newer builds, presenting a potential value opportunity for the right buyer.

Key Characteristics & Ideal Buyer

This home suits buyers seeking a modern, low-maintenance property without the premium often attached to the very latest builds. Its single-level layout is ideal for empty-nesters, small families, or those planning for long-term accessibility. The unrenovated basement presents a clean slate for future customization. A thoughtful perspective is its "relative value": while it may feel modest on its own street of larger, newer homes, it is a notably modern property compared to Winnipeg's much older housing stock, offering contemporary systems and materials. The lot size is generous for the area, providing good outdoor space. This property would best suit a pragmatic buyer who values modern fundamentals over being the newest on the block, and who sees potential in personalizing the basement over time.

Frequently Asked Questions

1. Is this a good value for the area?
It depends on your comparison. Relative to its immediate street (Bonaventure Drive E), its size and assessed value are below the local average. However, within the broader Fraipont neighbourhood and especially citywide, it ranks above average in value and is significantly newer than the typical Winnipeg home, suggesting solid value in a wider context.

2. What does "basement not renovated" mean?
The basement is finished and usable but has not been updated since the home was built in 2016. It's functional but may have basic finishes, offering the next owner an opportunity to customize it to their taste without the cost or hassle of a full excavation and build-out.

3. How does the recent sale price relate to the assessed value?
The home sold in July 2024 for between $565,000 and $595,000. The assessed value is $468,000. It's important to remember that municipal assessments for tax purposes often lag behind current market values and are calculated using a different methodology.

4. What is the neighbourhood like?
Fraipont is a modern, developing neighbourhood. The home is on a street where most houses were built around 2018-2020, making this 2016 build one of the earlier ones. The area offers new infrastructure and community amenities typical of Winnipeg's newer suburbs.

5. Are there any obvious drawbacks?
The main consideration is that the living space is smaller than many neighbouring homes on the same street. Buyers looking for a larger footprint or a recently updated basement may need to budget for future expansion or renovations.