Property Overview: 17 Wapta Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2019, offering a move-in-ready foundation with room for personalization. Its key appeal lies in the balance of newer construction within a mature neighbourhood. With 1,501 sqft of living space and an attached garage, it provides a practical layout for everyday living.
The home’s standout characteristic is its relative value. While its living space is slightly below the immediate street average, its city-wide assessed value ranks in the top 25%, suggesting a potentially attractive entry point into a newer home. The lot size of 4,696 sqft is notably above average for the Fraipont area, offering good outdoor space for a home of this vintage.
This property would suit first-time buyers or downsizers seeking a low-maintenance, modern build without the premium of a brand-new subdivision. It’s also a pragmatic fit for value-oriented buyers who prioritize a newer roof, windows, and mechanical systems, and who see the unfinished basement as a blank canvas for future expansion or customization, rather than a drawback.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it may be. While the home’s assessed value is below average on its own street, it ranks above average both in Fraipont and city-wide. This indicates you might be getting a newer home (2019 build) at a value-oriented point within a desirable area.
2. What does the unfinished basement mean for me?
The basement is a blank slate. This is a cost-saving advantage if you don’t need the space immediately, allowing you to finish it to your own taste and budget later. However, factor in the future investment required to make it a livable area.
3. How does the lot size compare?
At nearly 4,700 sqft, the lot is above the average for Fraipont. This is a strong point, offering more private outdoor space than many comparable properties in the area, which is a bonus for a newer home.
4. The home sold recently in 2022. What does that indicate?
The 2022 sale likely reflects the former owner’s circumstances rather than the property itself. As a home built in 2019, it hasn’t had time for a long-term ownership cycle. It simply means the current market offers a rare chance to purchase a nearly-new build that isn’t a direct from-developer sale.
5. Are there comparable homes to look at?
The listing references 113 Wapta Crescent as “worth viewing.” As a nearby home built in 2018 with similar style but more finished space (1,843 sqft) and a higher assessment, it provides a useful benchmark for understanding what additional investment or a finished basement can mean for value in this specific location.