Property Overview: 109 Wapta Crescent, Winnipeg
Key Characteristics & Appeal
This 1,258 sqft one-storey home, built in 2018, presents a practical and modern living option in Winnipeg’s Fraipont neighbourhood. Its key appeal lies in its balance of being a relatively new build—which means fewer immediate maintenance concerns compared to much of the city’s older housing stock—with a notably accessible price point, as reflected in its assessed value.
The home sits on a 4,494 sqft lot, which is above average for Fraipont, offering decent outdoor space for a property of this vintage. It features an attached garage and a basement (unrenovated), providing functional storage or future expansion potential. While its living space is modest, particularly compared to other homes on its own street, this contributes to its affordability.
This property would suit first-time homebuyers or downsizers seeking a low-maintenance, modern home in a quiet crescent setting. It’s also a sensible option for value-focused buyers who prioritize a newer building envelope and are comfortable with a home that may offer less interior space than some neighbours, seeing it as a trade-off for a lower entry cost into a newer community.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests it is positioned as a value play. Its assessed value is significantly below the street and neighbourhood averages for comparable homes, while the home itself is newer than most in the city. This indicates you may be paying less for the structure’s age and condition, accepting a smaller floor plan.
2. How does the lot size compare?
The lot is above average for the immediate Fraipont area, which is a positive. However, it is smaller than the typical Winnipeg lot, which often includes many older, larger properties. This is a common trait for newer subdivisions.
3. The home sold in 2023. What does that price history indicate?
The reported sold price range in 2023 aligns closely with the current assessed value, suggesting stable, modest appreciation in line with market assessments over the past two years.
4. What should I know about the "below average" living area ranking on the street?
This is the most significant trade-off. The home offers substantially less living space than most on Wapta Crescent. Buyers should ensure the layout and square footage meet their long-term needs, viewing the smaller size as the primary reason for its more accessible pricing in a newer area.
5. What does the unrenovated basement mean for potential?
It indicates the basement is finished but in its original state from 2018. It’s move-in ready but may not reflect current trends. This presents a blank canvas for future personalization without the immediate need or cost of a full basement development.