Property Overview: 1285 Fraser Road
Key Characteristics & Appeal
This is a spacious, modern two-storey home in Winnipeg's St. Vital Perimeter South area. Built in 2010, it sits on an exceptionally large lot of nearly half an acre (217,790 sqft), a rare find in the city that offers significant privacy and outdoor potential. The home itself is over 3,180 square feet, placing it in the top tier of local properties for size. Key features include an attached garage and an unrenovated basement, presenting a blank canvas for future expansion.
The appeal lies in its combination of a contemporary build with substantial land. It suits buyers looking for ample indoor and outdoor space without the maintenance of an older home. It would be ideal for a growing family seeking room to spread out, or for someone who values land for gardening, recreation, or future projects like an addition or pool. The unrenovated basement is a key point: it lowers the immediate move-in cost for a buyer who wants to customize the space to their own needs and timeline, rather than paying a premium for a finished product.
Frequently Asked Questions
1. What does the "top percentile" ranking data mean?
The rankings show the property's standing compared to others on its street, in the neighbourhood, and across Winnipeg. For example, its lot size is in the top 22% for the neighbourhood, meaning it's larger than 78% of nearby lots. This data highlights the property's standout features, like its very large living area and lot.
2. Is the large lot a benefit or a burden?
It's a significant benefit for privacy, space, and potential uses, but it also means more responsibility for landscaping, snow clearing, and general upkeep. It's a feature that will appeal strongly to some buyers, while others may see it as extra work.
3. The assessed value is much lower than the last sale price. Why?
Municipal assessed value for property tax purposes is not the same as market value. It is an administrative valuation that often lags behind current market conditions. The 2016 sale price and current market trends are more relevant for determining today's value.
4. What should I know about the unrenovated basement?
This means the basement is likely unfinished or in its original state. It presents both an opportunity to add value and customize living space, and a future project cost to budget for. A professional inspection is recommended to assess its current condition and potential.
5. How does this property compare to others in the area?
The provided comparable listing (167 Scammel Road) and similar-valued properties give context. This home has a much larger lot and living area than the direct comparison, suggesting it offers different value. The "nearby properties" list shows the immediate area consists of similar-sized homes, indicating a consistent neighbourhood character.