Property Overview: 191 Crestmont Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home at 191 Crestmont Drive in the Fraipont neighbourhood is a modern property, built in 2021. Its key appeal lies in its contemporary construction, offering a move-in-ready home with the benefits of recent building codes and materials, likely requiring minimal immediate upkeep. The home features 1,432 sqft of living space, an attached garage, and a full, unrenovated basement.
The property’s characteristics present a nuanced value proposition. While its living space is modest compared to other homes on its street and in Fraipont, it is very close to the average size for Winnipeg overall. This positions it as a practical, efficient home rather than a spacious one. The assessed value of $390,000 is notably lower than most direct neighbours, which could indicate a value opportunity in a newer subdivision, but it’s essential to understand what factors contribute to that assessment.
This home would suit first-time buyers or downsizers seeking a modern, low-maintenance property in a newer community. It’s also a practical fit for buyers who prioritize newer infrastructure and are comfortable with efficient living spaces over larger, older lots. The unrenovated basement presents a clear opportunity for future customization to add value and space.
Section 2: Frequently Asked Questions
1. Why is the assessed value significantly lower than neighbouring homes on Crestmont Drive?
While the home is newer, its assessed value ranks in the bottom tier for its immediate street and neighbourhood. This discrepancy warrants investigation into specific factors such as lot placement, finished versus unfinished space, or any unique characteristics not captured in basic metrics. It’s a key point for discussion with a real estate professional.
2. What does the "unrenovated basement" entail?
The basement is a full, unfinished space. This means it has bare walls, concrete floors, and is awaiting customization. This is a blank canvas for future expansion but requires a planned investment to become livable space.
3. How does the property’s size compare practically?
At 1,432 sqft, the living area is efficient. It is smaller than the average home on its street but aligns with the Winnipeg city-wide average. Buyers should consider if the layout maximizes this space effectively for their needs.
4. The home sold in 2021 for between $34.5k and $37.5k. What does this refer to?
This extremely low figure is not the home’s sale price. It likely represents a partial transaction, such as a lot purchase or a data anomaly from the initial new-build phase. The current assessed value of $390,000 is the relevant figure for market valuation.
5. What is the Fraipont neighbourhood like?
Fraipont is a newer Winnipeg community. The consistent year-built data for nearby homes (2020-2022) confirms it’s a recent subdivision, suggesting uniform neighbourhood aesthetics and similarly aged public infrastructure.