Property Overview: 111 Crestmont Drive, Fraipont
Key Characteristics & Appeal
This two-storey home, built in 2021, presents a modern, low-maintenance living opportunity in Winnipeg's Fraipont neighbourhood. Its core appeal lies in a combination of above-average space, a desirable age, and strong value metrics within its immediate area. With 1,847 sqft of living space and a 5,144 sqft lot, it offers more room than most comparable homes on its street and in Fraipont. The home features a renovated basement and an attached garage.
The data suggests a property that has been a solid investment, appreciating notably since its 2021 sale. Its assessed value ranks in the top 6% on Crestmont Drive, indicating it is perceived as a higher-value home on its street. This combination suits buyers looking for a relatively new build that avoids the risks and tasks of a brand-new construction, but who still want modern systems and finishes. It would particularly appeal to growing families or professionals seeking move-in-ready space without the premium of a brand-new subdivision, and to value-conscious buyers who appreciate a home that stands out positively in its local market context.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is in the top 6% on Crestmont Drive, meaning it is officially valued higher than 94% of comparable homes on the same street. This suggests it may have superior finishes, layout, or upgrades.
2. What does the sold price history indicate?
The home sold in 2021 and again in 2024. The 2024 sale price range shows significant appreciation from the 2021 price, reflecting strong market growth for this specific property over a three-year period.
3. Is the lot size typical for the area?
The lot is 5,144 sqft, which is above average for both Crestmont Drive and the Fraipont neighbourhood, offering more outdoor space than many nearby homes.
4. The home is listed as having a renovated basement. What does that imply?
As the home was only built in 2021, a "renovated basement" likely means the lower level was fully finished by the builder or a previous owner, adding immediate livable square footage rather than being a project left for the buyer.
5. Are there similar homes nearby for comparison?
Yes. The listings for 131 and 195 Crestmont Drive are noted as "worth viewing." Both are similar in age (also built in 2021) but have smaller living areas and lower assessed values, providing a direct benchmark for the size and value proposition of 111 Crestmont.