Property Overview: 158 Crestmont Drive, Fraipont
Key Characteristics & Appeal
This two-storey home, built in 2020, presents a move-in-ready opportunity in the Fraipont neighbourhood. Its key appeal lies in a balanced, above-average position within the broader Winnipeg market. With 1,646 sqft of living space, it offers more room than the typical city home, and its modern age means major systems and finishes are contemporary, likely requiring minimal immediate upkeep. The home features a renovated basement and an attached garage.
The property’s assessed value of $510k places it in the top tier for its street and city-wide, suggesting a perception of solid value and desirability. A thoughtful perspective is that while the lot size is modest for the street and city, this often translates to lower maintenance, which can be a draw for buyers seeking a newer home without extensive yard work. The home’s recent sale history indicates significant appreciation since its 2020 purchase, reflecting strong market momentum for well-positioned newer builds in the area.
This home would suit buyers looking for a modern, low-maintenance property in a developing neighbourhood. It’s ideal for professionals, small families, or downsizers who prioritize interior space and modern amenities over a large yard. Its value ranking makes it a contender for those viewing a home as a stable financial investment in addition to a place to live.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
Yes. The assessed value ranks in the top 23% on Crestmont Drive, indicating it is considered more valuable than most of its direct neighbours, despite having a slightly smaller-than-average lot for the street.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand if it’s a finished recreational space, contains additional bedrooms, or serves another purpose.
3. How does the lot size impact the property?
At 3,623 sqft, the lot is below average for both the street and the city. This means smaller outdoor maintenance but also limited space for expansions, large decks, or extensive landscaping. It’s a practical, low-maintenance yard.
4. The home sold recently in 2022. Why is it back on the market?
The brief ownership period is not uncommon for newer homes. Reasons can range from a job relocation to a change in family circumstances. It does not inherently indicate a problem with the property, but it’s a reasonable point for a buyer to explore.
5. How does this home compare to the average Winnipeg house?
City-wide, this home stands out for its newer age (top 3%) and above-average living space. It represents a notably modern property compared to the Winnipeg median home, which was built in 1966. You are paying a premium for a contemporary build in a established city market.