Property Summary: 117 Twintree Way, Winnipeg
Key Characteristics & Appeal
This 2022-built, two-storey home in the Fraipont neighbourhood offers modern living with minimal upkeep. Its key appeal lies in its balance of being a newer construction within a well-established context. With 1,601 sqft of living space and an attached garage, it provides comfortable, contemporary family living. The lot size of 3,749 sqft is notably above average for its immediate street, offering more usable outdoor space than many neighbouring properties.
The home’s value is framed by its context: while its size and assessed value are very typical for Fraipont and Twintree Way, it stands out city-wide for its newness (ranking in the top 1% for year built across Winnipeg) and above-average living area. This positions it as a practical, move-in-ready home without the premium often attached to brand-new builds in developing subdivisions. It would suit first-time buyers or young families looking for modern amenities in a settled area, as well as value-conscious buyers who want a newer home but wish to avoid the potential issues and landscaping costs of a just-completed property. A thoughtful perspective is that this home offers the benefits of new construction—like modern building codes and efficiency—while the neighbourhood itself has had a few years to mature.
Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold in July 2023 for an estimated $55.5k-$58.5k. Its current assessed value is $47.10k. It’s important to consult with a real estate professional to understand current market conditions and the relationship between assessed value, past sale prices, and present listing prices.
2. What does the “basement not renovated” note mean?
This indicates the basement is unfinished. This presents a blank canvas for future expansion or storage, but any finishing would be an additional project and investment for the buyer.
3. Is the lot size a significant advantage?
Yes, particularly on this street. The land area ranks in the top 25% compared to direct neighbours, meaning you likely get more yard space than most homes on Twintree Way, which is a distinct advantage for outdoor use or future additions.
4. How does the age of this home compare to the rest of Winnipeg?
It is exceptionally new for Winnipeg. City-wide data shows it ranks in the top 1%, meaning it is significantly newer than the vast majority of homes in the city, which have a median year built of 1966.
5. What is the neighbourhood character of Fraipont?
Based on the data, Fraipont appears to be a newer, developing neighbourhood. The average year built of comparable homes here is 2020, suggesting a community largely composed of modern homes built in the last decade.