Property Overview: 121 Twintree Way, Fraipont
Key Characteristics & Appeal
This two-storey home, built in 2024, is a notably modern property in a neighbourhood of newer constructions. Its primary appeal lies in its move-in-ready condition, offering the benefits of a contemporary build without the need for immediate updates. With 1,522 sqft of living space and an attached garage, it provides practical, modern family living.
The home’s standout characteristic is its newness—it ranks in the top 1-2% for year built both locally and citywide, meaning major components like roofing, HVAC, and windows are under warranty and built to current codes. Its assessed value of $470k positions it as an above-average offering citywide, but around the median for its immediate street and area, suggesting it is competitively priced within a desirable, newer development.
This property would suit first-time buyers or young families seeking a low-maintenance home in a fresh community. It also appeals to value-conscious buyers who prioritize modern efficiency over historic charm or larger lot sizes, as the land area is more compact compared to older city neighbourhoods.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,522 sqft, the living area is very close to the average for both Twintree Way and the wider Fraipont area. It offers a comfortable size that is common for newer builds in this community.
2. What does the "Elite" ranking for year built actually mean?
It means this home is newer than approximately 99% of all homes across Winnipeg. On its own street and in Fraipont, it is among the very newest houses available, which typically translates to modern layouts, energy efficiency, and minimal repair concerns in the near term.
3. The land area is noted as "below average" citywide. Is that a concern?
This is a common trait for newer subdivisions. The lot is a manageable size for upkeep and is actually above average for its specific street. Buyers valuing a large yard for gardening or expansion might find it limiting, but those seeking lower outdoor maintenance will appreciate it.
4. What can the recent sold price range tell me?
The home sold in June 2024 for between $475,000 and $505,000. This sale at a price significantly above its current assessed value is a strong market indicator, showing what a buyer was recently willing to pay in a competitive environment.
5. Are the property taxes based on the assessed value or the sale price?
Taxes are based on the municipal assessed value ($470k), not the sale price. However, a recent sale at a higher price can influence future assessment cycles, so this is a point to consider for long-term budgeting.