89 Wapta Crescent

Property Overview: 89 Wapta Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home in Fraipont is defined by a compelling contrast between its efficient living space and its generous, elite-sized lot. Built in 2018, the 1,262 sqft bungalow offers modern, low-maintenance living with a renovated basement and an attached garage. Its primary appeal lies in its exceptional outdoor potential. With a land area of approximately 9,408 sqft, the property ranks in the top 3% on its street and top 2% in the neighbourhood for lot size, offering rare space for gardens, recreation, or future expansion in a newer community.

The home suits two distinct buyer types perfectly. First, it’s ideal for downsizers or empty-nesters seeking a modern, single-level layout without sacrificing the pleasure of a large, private yard. Second, it appeals to strategic buyers or families who prioritize land value and future potential over immediate square footage, viewing the sizable lot as a long-term asset for enjoyment or investment. While the living area is modest for the neighbourhood, the property’s assessed value is strong citywide, suggesting a solid foundation of value in the land itself.

Section 2: Frequently Asked Questions

1. Is the living space too small for the neighbourhood?
While the home’s living area is below the current average for Fraipont, this is reflected in its positioning. It represents an opportunity to secure a large lot in a desirable area at a potentially more accessible point, prioritizing land over built space.

2. What does the “Elite” ranking for Land Area actually mean?
It means this property’s lot size is larger than approximately 97-98% of comparable homes in its immediate area. This is a significant and rare feature, especially for a home built in 2018, where newer lots tend to be smaller.

3. The assessed value seems low compared to some neighbours. Why?
Municipal assessed value is for taxation purposes and considers multiple factors, including building size and age. This home’s assessment is around the neighbourhood average, but its true market potential is likely bolstered by the high value of its substantial lot, which may not be fully captured in the assessment.

4. Who would this property not be ideal for?
It may not suit buyers who prioritize immediate, extensive indoor living space above all else, or those unwilling to consider future renovations (like an addition) to fully utilize the large lot.

5. How current and move-in ready is a 2018 build?
A home built in 2018 is relatively new, meaning major systems like roofing, HVAC, and windows are likely under 10 years old and should be in excellent condition, offering a modern layout and minimal immediate repair costs.