Property Overview: 27 Geneva Lane, Fraipont
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2019, is one of the newest properties on its street and within the wider city, offering modern construction without the premium of a brand-new build. Its key characteristics include 1,336 sqft of living space, an unrenovated basement, and no garage. The lot is a manageable 3,296 sqft.
The primary appeal lies in its value proposition within a newer neighbourhood. While its living space and assessed value are below average for the immediate area, this translates to a lower entry point into a modern, well-ranked community like Fraipont. It’s a practical home for those who prioritize newer systems and building standards over size or premium finishes. The property would suit first-time buyers, investors, or downsizers seeking a low-maintenance, contemporary house without major renovation needs. A thoughtful perspective is that its "below average" metrics for the street might actually represent a relative bargain, allowing a buyer to own one of the newest homes on the block while leaving room in the budget for future basement development or other personal touches.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is comparative within specific groups. While it is below average for Geneva Lane and Fraipont, it is actually around the 39th percentile city-wide. This highlights that property values in this newer neighbourhood are generally higher than in older parts of the city, making this home’s assessment a more affordable point of entry into the area.
2. What does the sale history indicate?
The home sold previously in February 2019 (likely near its construction) and again in November 2024. The increase in sale price range over that period is consistent with general market movement. The most recent sale suggests a stable, modern property that has changed hands in a typical timeframe.
3. What are the implications of having no garage?
This is a key consideration for vehicle storage, security, and additional storage space. Buyers would need to rely on driveway parking and the basement or shed for storage. This feature often aligns with a lower-maintenance lifestyle but requires planning for where vehicles and seasonal items will be kept.
4. How does the living space compare to nearby homes?
At 1,336 sqft, the living area is smaller than the average for both Geneva Lane and the Fraipont area. This indicates the home is likely more compact and efficient in its layout compared to neighbours, which can mean lower utility costs and less space to maintain.
5. What does the "unrenovated basement" mean?
The basement is finished but has not been updated since the home was built in 2019. It is likely in good, functional condition but may feature builder-grade finishes. This presents a blank canvas for future customization without the immediate need or cost of a full renovation.