207 Crestmont Drive

Property Overview: 207 Crestmont Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modern, two-storey home built in 2021, offering a move-in-ready opportunity with a renovated basement. Its key appeal lies in its balance of being a contemporary property within a well-established, newer neighbourhood context. With 1,400 sqft of living space, an attached garage, and a manageable 3,689 sqft lot, it represents a practical, low-maintenance footprint.

The home’s value is nuanced. While its living area is modest compared to immediate neighbours on Crestmont Drive, it is squarely average for Winnipeg overall. Its assessed value of $420k follows a similar pattern—average for the street but below average for the broader Fraipont area, potentially indicating room for value growth as the community matures. A thoughtful perspective is that this property offers the benefits of a new build (modern systems, minimal immediate repairs) without the premium price tag of the largest homes in the area. It would suit first-time buyers or downsizers seeking a modern, efficient home without extensive yard work, and investors or young families attracted to a newer community with similar-aged homes and consistent neighbourhood development.

Section 2: Frequently Asked Questions

1. How does the size of this home compare to others?
At 1,400 sqft, it is below the average for both Crestmont Drive and the Fraipont area, but is very close to the city-wide average for Winnipeg. This suggests a more compact, efficient layout compared to its immediate neighbours.

2. What does the assessed value tell us?
The $420k assessment is average for the street but below the average for Fraipont. This could reflect its smaller size and might present a relative value opportunity within the desirable, newer neighbourhood.

3. Is the lot size a concern?
The lot is typical for newer subdivisions. It’s average for the street and area, but below the city-wide average, which includes many older neighbourhoods with larger lots. This means less exterior maintenance, which is a plus for many modern buyers.

4. The home sold in 2021 for between $305k-$335k. Why is the assessed value now $420k?
This significant increase likely reflects the initial sale being a brand-new construction purchase from the builder. The current assessment aligns with the established market value for a now-lived-in home in a developed community.

5. What are the less obvious points to consider?
Two factors stand out. First, the home is newer than 98% of all properties city-wide, a major advantage for systems and efficiency. Second, while it ranks lower for space within its immediate bubble, its city-average size and below-area-average assessment could make it a strategic entry point into a sought-after, modern neighbourhood.