Property Overview: 21 Wapta Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the Fraipont neighbourhood presents a practical and modern living option. Built in 2018, it offers the key advantage of a newer build, meaning major systems like roofing, windows, and HVAC are relatively young and likely under warranty, reducing near-term repair concerns. With 1,504 sqft of living space and an attached garage, it provides a comfortable footprint for a small family or couple.
Its appeal lies in its balance and context. While the living space is average for its immediate street and area, it stands above the city-wide average, offering more modern square footage than most Winnipeg homes. The assessed value tells a similar story: it sits below average for Wapta Crescent but above average city-wide. This suggests you may get more home for your money here compared to many older city neighbourhoods, while potentially being priced more accessibly than some immediate neighbours. The lot size, while smaller than others on the street, is actually above average for Fraipont, offering a manageable yard with less maintenance.
This property would suit first-time buyers or young families looking for a move-in-ready, modern home without the premium of a brand-new build. It’s also a sensible fit for value-conscious buyers who prioritize a newer construction year and efficient use of space over a sprawling lot or the largest home on the block.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value ($473k) is for municipal tax purposes. The home last sold in 2021 for approximately $455k-$485k. Market conditions, recent upgrades, and seller motivation will determine the current price, which often differs from the assessed value.
2. How does the "below average" value rank on Wapta Crescent affect me?
This statistical position could be an opportunity. It indicates the home may be more affordable than others on the same street, which is a newer crescent with homes built around the same time. It doesn’t necessarily reflect the home’s condition, but rather its value relative to neighbours.
3. What are the pros and cons of a 2018 build?
The major pro is modern construction standards and minimal immediate maintenance. A less obvious consideration is that the neighbourhood and landscaping are still maturing, which could affect the established feel of the street but also means you’re part of a developing community.
4. The home has a basement, but it's noted as "not renovated." What does that mean?
It indicates the basement is unfinished. This is common in newer builds and presents a blank canvas for future expansion, adding potential value. However, any development would be an additional project and cost for the buyer.
5. How does Fraipont compare to other Winnipeg neighbourhoods?
The data shows that for a home of this size and age, you get more living space and a newer build compared to the city-wide average home (which is typically older and smaller). Fraipont offers a balance—a newer suburban community without being on the extreme outskirts of the city.