Property Overview: 98 Lucerne Place, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home in Fraipont is a modern, low-maintenance property built in 2019. Its key features include a renovated basement and an attached garage. With 1,674 sqft of living space, it offers above-average roominess for Winnipeg overall, while feeling comfortably sized among its immediate neighbours. The assessed value positions it as a solid, above-average offering within the broader neighbourhood and city, suggesting good value retention.
The primary appeal lies in its balance. It’s a relatively new build, which means fewer immediate repair concerns and modern amenities, set in an established area. The renovated basement adds flexible living space. It’s particularly well-suited for first-time buyers or young families seeking a move-in-ready home without the premium of a brand-new subdivision, or for downsizers who want modern convenience and single-level living potential (main floor plus finished basement) without the upkeep of an older property.
A thoughtful perspective: while the lot size is smaller than the city average, this translates to less yard work—a perk for those seeking a lock-and-leave lifestyle or more indoor living space. Its value ranking significantly outperforms its size ranking city-wide, indicating you’re paying more for the quality and condition of the home itself rather than just square footage.
Frequently Asked Questions
1. How does this home compare to others on the street?
It sits comfortably in the middle of the pack for its street in terms of size, value, and lot size. It’s neither the largest nor the smallest, offering a sense of consistency within the neighbourhood.
2. What does the "Elite" city-wide ranking for year built mean?
This indicates the home is newer than approximately 96% of all homes in Winnipeg. It highlights a key advantage: modern construction standards, likely better energy efficiency, and less near-term worry about major aging components like the roof or furnace.
3. Is the sold price history from 2019 relevant today?
The 2019 sale was likely the original purchase from the builder. While it shows historical context, it does not reflect current market value. The assessed value and recent comparable sales are more relevant for today’s market.
4. What are the implications of the lot size being below the city average?
The lot is more manageable, requiring less time and expense for maintenance like mowing and landscaping. This can be a benefit for busy owners. However, it may offer less private outdoor space or expansion potential compared to larger lots elsewhere in the city.
5. Who would find the most value in this property?
Buyers who prioritize a modern, move-in-ready home with a finished basement over having a large yard will find strong value here. It’s an efficient package that offers contemporary living in a settled community without the premium or wait associated with a brand-new build.