Property Overview: 219 Crestmont Drive, Winnipeg
Key Characteristics & Buyer Appeal
This is a modern two-storey home in the Fraipont neighbourhood, built in 2021. With 1,483 sqft of living space, an attached garage, and a full (unrenovated) basement, it offers a practical, low-maintenance layout for modern living. Its primary appeal lies in its age and condition; as a near-new build, it sidesteps the major repair or system replacement concerns common with older homes. The property sits on a standard city lot, providing manageable outdoor space.
The home’s standout characteristic is its value positioning. While its assessed value is below average for its immediate street and neighbourhood, it sits around the city-wide average. This suggests it may offer more modern amenities for the price compared to many older Winnipeg homes, but within Fraipont, it could be seen as a competitively priced entry into a newer development area. It would suit first-time buyers or small families seeking a turnkey, contemporary home without a premium price tag, and investors looking for a relatively new property with potential for long-term capital growth as the neighbourhood matures.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it is priced competitively within Fraipont. Its assessed value ranks at the lower end compared to similar homes on the same street and in the neighbourhood, which could indicate a value opportunity for a modern home.
2. What does the "unrenovated basement" mean?
The basement is finished as part of the original 2021 build but has not been updated or remodeled since. It’s likely in good, functional condition but may have a basic finish level.
3. How does the lot size compare?
At just under 3,700 sqft, the lot is around average for Crestmont Drive and Fraipont, but below the city-wide average. This means smaller yard maintenance, which some buyers prefer, but less private outdoor space than found in some older neighbourhoods.
4. The home sold in 2021. Why is it back on the market?
While the specific reason isn’t provided, the resale of a nearly new home is common. Possible reasons include a job relocation, change in family circumstances, or an investor exiting the market.
5. What are the downsides of a home with a below-average assessment for its street?
While it can represent a value purchase, it may also reflect factors like a less desirable placement on the street, a smaller floor plan than neighbours, or more basic finishes. It’s wise to compare it directly with nearby sold properties.