Property Overview: 272 Crestmont Drive, Fraipont
This two-storey home at 272 Crestmont Drive presents a modern, low-maintenance living option in Winnipeg's Fraipont neighbourhood. Built in 2024, it is essentially a new home, ranking in the top 1% for its year of construction both on its street and city-wide. With 1,819 sqft of living space and an attached garage, it offers comfortable, contemporary living. The property sits on a 3,623 sqft lot, which is more compact than many city-wide averages but typical for newer developments in the area.
Key Characteristics & Appeal
The primary appeal of this home lies in its modernity and move-in readiness. As a near-new build, buyers can expect contemporary building standards, energy efficiency, and minimal immediate repair costs. Its living area and assessed value consistently rank in the top 20-30% against local and city-wide comparables, indicating a above-average offering for its class. The attached garage adds practical convenience.
Its compact lot is a double-edged feature: it means less yard maintenance—a significant appeal for busy professionals, downsizers, or those seeking a lock-and-leave lifestyle—but offers less private outdoor space than older neighbourhoods. This property would suit first-time buyers looking for a modern home without the wait of a build, young families attracted to a new community, or investors seeking a relatively new asset with potential for long-term capital stability. It’s a solid choice for those prioritizing the interior condition and modern amenities over expansive land.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is present but unrenovated. This provides valuable storage space and the potential for future customization, such as a rec room or additional bedroom, subject to permits.
2. How does the property’s value compare to recent sales?
The home sold in June 2024 for between $505,000 and $535,000. Its current assessed value is $518,000, which is above the average for both Crestmont Drive and the wider Fraipont area, reflecting its newer condition and desirability.
3. What is the neighbourhood like?
Fraipont is a newer development. The listing shows several nearby properties on Crestmont Drive with very similar build years (2021-2023), suggesting a uniform, modern streetscape with likely similar demographics of newer homeowners.
4. What are the less obvious trade-offs of a newer home like this?
While offering modern comforts, the lot size is smaller than the Winnipeg city average. This means limited potential for expansions like large decks, pools, or extensive landscaping. The premium for a new build may also mean less opportunity for value-add renovations compared to an older home.
5. Where can I find exact historical sold prices?
The exact sold price is not publicly displayed in detail due to data privacy practices. The listing service offers to provide the precise figure via email upon request, which they handle manually without using the contact for unsolicited marketing.