Property Overview: 227 Crestmont Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2021, offering a low-maintenance start in the Fraipont neighbourhood. Its key appeal lies in its contemporary construction, which means fewer immediate repair concerns and modern building standards. With 1,483 sqft of living space and an attached garage, it provides practical family-sized accommodation.
The home’s positioning is nuanced. Within its immediate area and street, it ranks below average for both size and assessed value, suggesting it could be a more accessible entry point into a newer community. City-wide, however, its age is a standout feature, ranking in the top 2% for being newer than most Winnipeg homes. This creates a unique value proposition: you’re acquiring a recent build without the premium often attached to the very newest listings, potentially offering a balance of modern amenities and value.
This property would suit first-time buyers or downsizers seeking a modern, move-in-ready home without the unpredictability of an older property. It’s also a practical choice for those who prioritize newer mechanical systems and building envelopes over having the largest footprint on the street.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is priced below the average for both Crestmont Drive and the wider Fraipont area in terms of assessed value. This could indicate a value opportunity, but it’s essential to view the home in person to understand its specific condition and layout.
2. What does the “below average” ranking for size mean?
While the living area is below the average for its immediate street and neighbourhood, it is close to the city-wide average. This points to a community of relatively larger, newer homes. The home provides functional space but may feel cozy compared to some direct neighbours.
3. Why is the city-wide ranking for the year built so high?
Winnipeg has a large stock of older homes. A build year of 2021 is very recent compared to the city’s median, placing this home in an elite percentile for age. This is a major point of appeal for buyers wanting to avoid the maintenance and renovation needs of an older house.
4. What is the lot size like?
At 3,689 sqft, the lot is around average for the street and neighbourhood. City-wide, it is below average, reflecting the smaller lot sizes typical of newer suburban developments. It provides adequate outdoor space but is not an exceptionally large yard.
5. The sold price history shows a significant increase from 2021 to 2023. What does this indicate?
The increase reflects the home’s initial sale as a new build and its subsequent resale in a strong market. It demonstrates market acceptance and appreciation in the area, but past performance is not a guarantee of future value. Current market conditions and the home’s specific state will determine its present value.