Property Overview: 235 Crestmont Drive
Key Characteristics & Buyer Profile
This is a modern, two-storey home built in 2020, offering a practical and low-maintenance living space. Its key appeal lies in being a relatively new construction in the Fraipont neighbourhood, which means fewer immediate renovation concerns and modern building standards. With 1,544 sqft of living space and an attached garage, it provides a comfortable layout for everyday life.
The home’s standout characteristic is its context. While its size and lot are quite typical for its immediate street and area, it stands out city-wide for its new age, ranking in the top 3% of Winnipeg homes by year built. This presents a thoughtful perspective: you’re acquiring a home that is newer than the vast majority in the city, yet positioned in a neighbourhood where that is more common, potentially offering a balanced value proposition.
Its assessed value is notably below average for both Crestmont Drive and Fraipont, which could indicate a value opportunity or reflect specific property conditions, such as the unrenovated basement noted in the listing. This home would suit first-time buyers or downsizers seeking a modern, move-in-ready property without a premium price tag for its immediate locale. It’s also a sensible fit for those who prioritize newer infrastructure and systems over a larger lot size, which is smaller than the city average.
Frequently Asked Questions
1. Why is the assessed value lower than many neighbours?
While the home is newer, its assessed value ranks below the average for both the street and the Fraipont area. This can sometimes relate to specific features, finishes, or the unrenovated basement, and highlights the importance of a professional appraisal and viewing to understand its market position fully.
2. What does "unrenovated basement" imply?
The basement is finished but has not been updated since the home was built in 2020. It is functional and adds living space, but may have a basic finish level compared to the main floors, presenting a straightforward opportunity for future personalization.
3. How does the lot size compare?
The land area of 3,689 sqft is fairly standard for the street and Fraipont. However, it is below the city-wide average, which is typical for newer neighbourhoods. This means manageable yard maintenance but less private outdoor space than you might find in older areas of Winnipeg.
4. Is this a good investment compared to other newer homes?
The data shows that while the home is very new by city standards, it is among the older builds on its own street, where the average year built is 2022. This nuanced position may affect its relative appreciation pace compared to the newest homes directly nearby.
5. How can I get the exact historical sale price?
The listed sale price range is based on public data. To obtain the precise sale price from December 2020, you can request it via email through the listing page. The service is manual, with a promise of a reply by the end of the same day and no unsolicited marketing.