100 Fraser'S Grove

Property Overview: 100 Fraser's Grove, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1958, situated on a modestly sized lot in the Kildonan Drive area. Its key feature is a renovated basement, adding valuable finished living space to the 1,018 sqft main floor. The home includes a detached garage. Market data indicates its living area is below average for the immediate street and neighborhood, suggesting a more manageable, efficient layout rather than a sprawling one. Conversely, its assessed value is consistently around the average for its comparison groups, indicating it is priced in line with market expectations for the area.

The primary appeal lies in its practicality and location. It represents an opportunity for entry into a stable neighborhood without the upkeep of a larger property. The renovated basement is a significant asset, effectively increasing usable space for a growing family, a home office, or a recreational area. This home would suit first-time buyers seeking a solid starter home, downsizers looking for single-level living with a manageable yard, or pragmatic investors attracted to a property with recent updates (the basement) in a well-established area. A less obvious perspective is that a smaller lot and home footprint can mean lower utility costs, less time spent on maintenance, and a clearer renovation path focused on updating the main floor to match the basement's condition.

Frequently Asked Questions

1. How does the home's size compare to others nearby?
The living area is below the average for both Fraser's Grove and the wider Kildonan Drive area, making it one of the more compact options. This can be an advantage for those seeking lower maintenance and heating costs.

2. What is the significance of the assessed value being "around average"?
It suggests the property is not unusually over- or under-valued compared to similar homes in its immediate area, city-wide, and on its street. It sits in the middle of the pack, providing a stable, benchmarked valuation.

3. Has the property value changed recently?
Based on available sold price data, it last sold in March 2021 for between $365,000 and $395,000. Its current assessed value is $373,000, indicating relative price stability in that period.

4. What are the implications of the lot size?
At 4,449 sqft, the lot is below average for the street and neighborhood. This means a smaller yard to maintain, which is often appealing for minimal upkeep, but offers less private outdoor space than many surrounding properties.

5. The basement is noted as renovated. What isn't mentioned about the property's condition?
The listing specifies the basement's renovation but does not detail the condition of the main floor (kitchen, bathroom, systems, roof, etc.). A prospective buyer should focus inquiries and inspections on the state of these primary living areas.