Property Overview
This 2021-built, one-storey home at 106 Eau-Claire Drive in Winnipeg's Fraipont neighbourhood presents a specific value proposition. Its key appeal lies in a rare combination of a very modern build on an exceptionally large lot. With 1,409 sqft of living space and an unrenovated basement, the home itself is functional and contemporary but modest in size for its immediate street and area. The standout feature is the 8,076 sqft lot, which ranks in the top 1% on its street and top 4% in Fraipont, offering significant outdoor space uncommon for newer constructions.
The property suits buyers prioritizing land size and a newer building envelope over immediate square footage. It’s ideal for someone who values outdoor potential—gardens, recreation, future additions, or simply space—and wants to avoid the maintenance issues of an older home. The assessed value is notably strong citywide, suggesting good underlying value, though the living area is below average for the local context. This creates an interesting dynamic: you're purchasing a premium-sized parcel in a modern subdivision, but the house may feel compact compared to neighbours.
Frequently Asked Questions
1. Is the lot size a genuine advantage here?
Yes, absolutely. A lot over 8,000 sqft in a 2021-built subdivision is rare. It provides substantial privacy, room for expansions like a garage addition or sunroom, and ample green space that typically doesn't exist in newer neighbourhoods.
2. Why is the living area ranked so low on the street?
The home's 1,409 sqft is the smallest recorded on Eau-Claire Drive, where comparable homes average about 1,716 sqft. This indicates the house itself is more compactly designed than others built around the same time in the immediate area.
3. What does the "unrenovated basement" mean?
It means the basement is finished to a basic, functional standard as originally built in 2021. It's not outdated, but it lacks any custom upgrades or higher-end finishes a homeowner might have added post-construction.
4. How does the assessed value compare?
The assessed value of $48,700 is around average for Fraipont and Eau-Claire Drive. However, citywide, it ranks in the top 22%, indicating the property holds proportionally stronger value compared to the broader Winnipeg market, likely buoyed by the new build date and large lot.
5. Are sold prices for similar homes on the street a good guide?
Nearby homes from 2021 have sold in a wide range, from around $41.5k to $530k, as shown with the reference properties. This vast disparity suggests lot specifics, finishes, or exact models cause significant price variation. The lot size at 106 Eau-Claire Drive is a major differentiating factor that must be considered separately.