Property Summary: 311 Crestmont Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2024, offering the primary appeal of a like-new property with minimal maintenance concerns. Its 1,412 sqft living area is modest for the immediate street and Fraipont neighbourhood, positioning it as a more manageable size compared to larger local averages. The home features an attached garage and a full, unfinished basement, providing practical storage and future expansion potential.
The property’s standout characteristic is its age; it ranks in the top 1% for year built both on its street and city-wide, meaning it is one of the newest homes available in a market dominated by older housing stock. This appeals to buyers seeking modern building standards, energy efficiency, and no immediate need for major updates. The lot size is typical for the street but smaller than the city average, suggesting a lower-maintenance yard.
This home would suit first-time buyers or downsizers who prioritize a modern, turn-key condition in a developing neighbourhood. It’s a practical choice for those who want a new build without the premium lot size, or for investors attracted to the low upkeep and strong rental appeal of a nearly new property. A thoughtful perspective is that its "below average" size and assessed value for the area could represent a value-oriented entry point into a newer community, trading square footage for modern quality.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes on Crestmont Drive?
The data suggests it is priced below the street’s average for both living area and assessed value. Given it’s the newest home on the street (ranked 1 of 163 for year built), this creates a unique profile of modern construction at a competitive price point for the location.
2. What does the unfinished basement mean for me?
The basement is a blank canvas. It provides essential mechanical space and storage but also represents both future potential and current cost savings. You can finish it to your taste and timeline, but any development would be an additional project and investment.
3. How does the lot size impact living here?
At 3,691 sqft, the lot is typical for Crestmont Drive but smaller than the Winnipeg average. This means less yard maintenance, which is a plus for many, but may limit extensive landscaping, large deck additions, or future expansions that require more ground space.
4. The home seems smaller than neighbours'. Will it feel cramped?
At 1,412 sqft, it is indeed below the street average. This makes it efficient and easier to maintain, but prospective buyers should carefully consider if the layout and room sizes meet their long-term needs, especially if working from home or with a growing family.
5. Why is the assessed value different from the recent sold price range shown?
The assessed value ( $40.70k ) is for municipal tax purposes and is often calculated using a different methodology and timeline. The sold price range ( $39.50k ~ $42.50k in Feb 2024) reflects the actual market transaction. The two figures are close, indicating the assessment is relatively aligned with recent market activity.