Property Overview: 297 Crestmont Drive
Key Characteristics & Appeal
This is a modern, two-storey home built in 2023, offering a move-in-ready opportunity in Winnipeg's Fraipont neighbourhood. Its primary appeal lies in its new construction, which means modern building standards, energy efficiency, and minimal immediate maintenance. The home features an attached garage and a full, unrenovated basement offering potential for future customization.
The property presents a nuanced value proposition. While its living space (1,385 sq ft) is notably below average for its immediate street and area, its assessed value of $390k is consistent with the wider Winnipeg market. This suggests you are paying primarily for the quality and newness of the structure itself, rather than for abundant square footage. The lot size is typical for the local area but smaller than the city-wide average, indicating a lower-maintenance yard suited for busy professionals or small families.
This home would best suit first-time buyers or downsizers seeking a modern, worry-free home in a developing area, who prioritize contemporary build quality over spaciousness. It’s a pragmatic choice for those wanting to avoid the surprises and update costs of an older home, accepting a more compact layout in exchange for newer systems and finishes.
Frequently Asked Questions
1. Is this home a good value compared to its neighbours?
The data shows a contrast. The home is newer than most on its street and in the city, but its living area is smaller than neighbouring homes. Value here is tied to the premium for a new build, not square footage.
2. What does the "unrenovated basement" mean?
It indicates the basement is finished to a basic, functional standard from the 2023 build. It's liveable space but may lack higher-end finishes, presenting a blank canvas for future personalization.
3. How does the sold price history work?
The listed sold price (e.g., ~41.50k - 44.50k in 12/2023) is an estimated range from public data. The exact sale price requires a manual request via email to ensure accuracy, as this is not a standard MLS listing.
4. The assessed value seems high for the area. Why?
While the assessed value is below average for Fraipont, it aligns with the Winnipeg average. This discrepancy highlights that assessments for brand-new homes in developing areas often reflect construction costs and modern valuations, which can outpace older surrounding properties.
5. Who might this property not suit?
Buyers who need ample indoor space or a large yard for gardening or recreation may find it limiting. Its appeal is specific to those valuing low-maintenance, modern construction over generous proportions.