Property Overview: 307 Crestmont Drive, Winnipeg
Key Characteristics & Appeal
This two-storey home at 307 Crestmont Drive is a notably modern property in Winnipeg’s Fraipont neighbourhood, built just two years ago in 2024. Its primary appeal lies in its new construction, offering buyers a move-in-ready home with contemporary building standards and minimal immediate maintenance concerns. With 1,520 sqft of living space and an attached garage, it provides practical, modern family living.
The home’s standout characteristic is its age; it ranks in the top 1% for being newly built compared to homes on its street, in Fraipont, and city-wide, where the average home is decades older. This is a significant advantage in a market filled with older properties. However, the data presents a nuanced value picture: its assessed value is below average for its immediate area and neighbourhood, yet it sits around the city-wide average. This suggests it may be priced accessibly within a newer, desirable subsection of the community. The lot size is typical for the street but smaller than the Winnipeg average, indicating a lower-maintenance yard suited for busy lifestyles rather than extensive gardening.
This property would best suit first-time buyers or young families seeking a modern, turn-key home in a developing area without the premium often attached to brand-new builds. It’s also a practical choice for those who prioritize newer mechanical systems and building envelopes over larger lot sizes or established, mature landscaping.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests a mixed picture. The home is newer than almost all comparable properties, which is a major value point. However, its assessed value is currently below the average for both Crestmont Drive and the wider Fraipont area. This could represent an opportunity to purchase a modern home at a competitive entry point in this community.
2. What are the potential drawbacks of a home this new?
While offering modern amenities, very new homes in developing areas sometimes lack mature trees and landscaping. The smaller-than-city-average lot size also means less private outdoor space. There may also be ongoing construction in the immediate vicinity as the area fills in.
3. How does the living space compare to nearby homes?
At 1,520 sqft, the living area is slightly below the average for both the street (1,629 sqft) and Fraipont (1,668 sqft), but it is above the Winnipeg city-wide average. This indicates the home offers solid space for a growing family, though some neighbouring properties may be slightly larger.
4. Why is the assessed value below the neighbourhood average?
This can be due to several factors, including the specific valuation model, the home’s smaller lot size relative to some neighbours, and the potential for newer homes in developing subdivisions to be assessed conservatively initially. It’s important to review recent sale prices of similar homes on the same street for a clearer market picture.
5. What is the community like?
Fraipont appears to be a newer, growing neighbourhood. The listing shows several nearby homes on Crestmont Drive with very similar build years (2023-2024), indicating a fresh, modern streetscape with likely similar demographics of new homeowners.