Property Overview: 12 Geneva Lane, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a study in contrasts, offering a very modern build on a generous lot within a neighbourhood context of more modestly sized properties. Built in 2019, it is one of the newest homes on its street and city-wide, promising contemporary construction standards and minimal immediate maintenance. With 1,336 sqft of living space and an unrenovated basement, it provides a solid, move-in-ready canvas.
Its primary appeal lies in its land value and positioning. The 4,385 sqft lot is notably larger than most on Geneva Lane and in Fraipont, offering above-average outdoor space for the immediate area—a significant perk for families or those who value privacy and room to garden or entertain. The detached garage adds practical utility.
This property would best suit pragmatic first-time buyers or investors looking for a modern, low-maintenance structure in a developing neighbourhood. It’s also a compelling option for those who prioritize land size and the potential for future expansion or landscaping over having a larger finished living area today. The data suggests it’s priced accessibly within its local market, making it an entry point into a newer home without the premium often attached to such properties city-wide.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value is consistently below the average for both Geneva Lane and the wider Fraipont area, suggesting the property may be positioned as a value-oriented option within its immediate market.
2. What does the sale history indicate?
The home sold new in 2019 and again in late 2024. The 2024 sale price range is close to the current assessed value, indicating a stable, non-speculative market value in recent transactions.
3. Is the lot size a significant advantage?
Yes, particularly within the local context. The lot is in the top 3% on its street for size, meaning it offers more outdoor space than nearly all its direct neighbours, which is a less obvious but valuable differentiator.
4. What should I know about the living space?
At 1,336 sqft, the living area is below average for both the street and Fraipont. Buyers should be comfortable with a more compact footprint, balanced by the newer build and larger lot.
5. What is the neighbourhood context?
Geneva Lane appears to be a street of relatively newer homes (averaging around 2018). This home is the newest on the block, which can be an advantage for construction quality and systems, but it sits in a wider city neighbourhood where property sizes and values are generally more modest.