Property Overview: 131 Crestmont Drive
Key Characteristics & Appeal
This is a modern, two-storey home built in 2021, offering the advantage of newer construction with contemporary building standards and minimal initial maintenance. Its key features include an attached garage and a full, unrenovated basement that presents a clean slate for future customization. With 1,525 sqft of living space on a 3,689 sqft lot, it provides a balanced footprint for a growing family or professional couple.
The appeal lies in its solid positioning within a desirable and established newer neighbourhood, Fraipont. The home ranks well for lot size within its immediate area and is notably newer than most properties across Winnipeg. This combination suggests a well-built home in a prime suburban location. It would particularly suit first-time buyers or young families seeking a move-in-ready home without the concerns of an older property, as well as buyers who view the untouched basement as a valuable opportunity to add personalized equity, rather than a drawback.
A less obvious perspective is the value of its established lot and neighbourhood maturity compared to brand-new builds on the fringes; the landscaping and community are more settled, while the home itself remains modern. The data also indicates the assessed value is strong for the neighbourhood, which can be a positive sign for long-term stability.
Frequently Asked Questions
1. What does "Top X%" in the rankings mean?
These rankings compare this specific property against others on its street, in Fraipont, and across all of Winnipeg for metrics like lot size and year built. For example, being "Top 22% in Winnipeg" for year built means it is newer than 78% of properties in the city, highlighting its modern construction.
2. The basement is listed as "not renovated." What is its condition?
The listing confirms the basement exists but has not been finished. It is a blank canvas with full height and plumbing in place, ready for the next owner to design and finish according to their needs and budget.
3. How does the assessed value relate to the likely selling price?
The assessed value ($40.50k) is for municipal tax purposes and is typically much lower than market value. The last sale price in 2021 was $380k. Current market conditions, comparable sales (like the nearby references listed), and buyer demand will determine the final selling price.
4. What are the advantages of a 2021 build versus an older home?
A 2021 build generally means newer major systems (roof, HVAC, windows), modern energy efficiency standards, compliance with current building codes, and less likelihood of immediate, costly repairs. It offers a balance between a brand-new home and an established neighbourhood.
5. The lot size ranks well, but the living area is more average. What does this mean for me?
This indicates a favourable balance between indoor space and outdoor room. You get a generous yard for recreation, gardening, or future additions, while the living area is competitive for the neighbourhood. It’s a profile that prioritizes outdoor space alongside comfortable indoor living.