Property Overview: 11 Namarik Way, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the Fraipont neighbourhood is a modern, low-maintenance property built in 2023. Its key appeal lies in its balance of being a newer build within a well-established context. With 1,784 sqft of living space, it offers above-average roominess for both the neighbourhood and the city. The attached garage and full (though unrenovated) basement add practical utility.
The home’s standout characteristic is its relative newness, placing it in the top 1% of homes city-wide for year built. This translates to modern building standards, energy efficiency, and minimal immediate repair concerns. Its lot size (4,015 sqft) is generous for the immediate street, offering good outdoor space for a newer subdivision home, though it is more compact than the Winnipeg city average. The assessed value is strong for the area, indicating solid perceived worth.
This property would best suit first-time buyers or downsizers seeking a modern, move-in-ready home without the premium of a brand-new custom build. It’s also a practical choice for investors or busy professionals who value newer infrastructure and want to avoid the unexpected costs and projects often associated with older homes. The neighbourhood positioning suggests community stability without sacrificing modern comforts.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes in Fraipont?
The data suggests it is. The home ranks in the top 30% of the neighbourhood for assessed value and the top 13% for year built, meaning you’re getting a newer property with a strong valuation relative to the area.
2. What does "basement yes, not renovated" mean?
It confirms the home has a full basement, but it is in a basic, unfinished state. This is typical for newer builds and presents a blank canvas for future development, adding potential value without an upfront cost.
3. How does the lot size impact living here?
At just over 4,000 sqft, the lot is larger than others on Namarik Way, providing good private outdoor space. However, it’s smaller than the typical Winnipeg lot. This is a common trade-off in newer subdivisions, offering lower yard maintenance but less room for expansive gardens or additions.
4. The home sold recently in 2023. Why is it back on the market?
While the specific reason isn’t provided, a quick resale of a nearly new home can sometimes indicate a job relocation, change in family circumstances, or an investor exiting the market. It does not inherently reflect on the property’s condition.
5. Where does this home excel compared to the wider Winnipeg market?
Its modernity is its greatest advantage. Being built in 2023 places it in the elite top 1% of homes city-wide by age. For buyers prioritizing contemporary layouts, energy efficiency, and newer mechanical systems (like HVAC and plumbing) over the character and larger lots of older neighbourhoods, this is a significant benefit.