Property Overview: 113 Twintree Way, Fraipont
Key Characteristics & Appeal
This two-storey home, built in 2024, is a modern offering in Winnipeg's Fraipont neighbourhood. Its primary appeal lies in its new construction, offering buyers a move-in-ready property with contemporary building standards and minimal immediate maintenance. With 1,618 sqft of living space and a renovated basement, it provides practical, modern family living.
The home stands out in its immediate context. On Twintree Way, it ranks in the top 10% for assessed value and is the newest home on the street (top 2%), suggesting it is a premium property within its own micro-market. The attached garage and above-average lot size for the street (3,746 sqft) add to its functional appeal. While the lot size is smaller than the city-wide average—a common trade-off in newer subdivisions—it is efficiently utilized.
This property would best suit buyers prioritizing modernity and low upkeep, such as young families, professionals, or downsizers seeking a newer home without the wait of a build. Its strong assessed value ranking indicates a solid investment in a desirable pocket of Fraipont, appealing to those who value both current livability and future resale potential.
Frequently Asked Questions
1. How does the lot size compare to older neighbourhoods?
While the lot is above average for Twintree Way, it is below the Winnipeg city-wide average. This is typical for newer subdivisions, where home and layout efficiency is often prioritized over vast outdoor space.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and whether it includes a legal suite or additional bedrooms should be verified through a viewing or direct inquiry with the listing agent.
3. The home sold recently in 2024. Why is it back on the market?
The quick resale is notable. Potential buyers should inquire about the seller's motivation, which could range from a job relocation to a simple change of plans, and ensure a thorough inspection is completed.
4. How do the property taxes likely compare?
With an assessed value significantly above the local street average ($52.30k vs. $46.20k), the property taxes will likely be correspondingly higher than many neighbouring, potentially older, homes.
5. What are the implications of it being the newest home on the block?
This is a double-edged advantage. It means less worry about aging components like roofs or furnaces. However, as the benchmark property, its future market value may be more sensitive to the upkeep and development choices of older homes around it.