Property Overview: 32 Geneva Lane, Winnipeg
Key Characteristics & Buyer Profile
This two-storey home in Fraipont is a study in contrasts, offering a modern structure on a modest lot. Built in 2019, it is one of the newest homes on its street and city-wide, meaning major components like the roof, windows, and mechanical systems are relatively young and unlikely to need immediate replacement. With 1,332 sqft of living space and an unrenovated basement, it provides a solid, move-in-ready canvas. The detached garage adds practical storage or workshop space.
The appeal here is rooted in value and practicality. The home’s assessed value is notably below average for both the street and the Fraipont area, potentially representing an accessible entry point into a newer build. Its size is manageable for maintenance and utility costs, suiting those who prefer a simpler footprint. This property would best suit first-time buyers, small families, or practical-minded investors seeking a modern, low-maintenance structure without premium lot size. A thoughtful perspective: while the lot is smaller than many in the city, this can translate to less yard work and lower property taxes, aligning with a efficient, contemporary lifestyle.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is not renovated. This presents both a project and an opportunity, allowing the next owner to finish it to their own specifications and potentially add value.
2. How does this home compare in size to its neighbors?
At 1,332 sqft, the living area is below the average for both Geneva Lane and the wider Fraipont area. This indicates it is among the more compact homes in the immediate vicinity, which is reflected in its below-average assessed value for the neighborhood.
3. What are the property taxes likely to be?
While exact taxes depend on the mill rate, the assessed value of $41,700 is a key input. It is below the local average for Fraipont, suggesting property taxes may be relatively lower compared to larger or more renovated homes in the area.
4. What does "Elite" ranking for Year Built mean?
This statistical ranking indicates the home is newer than approximately 97% of comparable properties on its street and 96% city-wide. It highlights a key advantage: the building itself is modern, which typically correlates with newer building materials, energy efficiency, and fewer imminent major repairs.
5. Why is there a range for the last sold price instead of an exact figure?
The listed sold price range is based on publicly available data. The exact sale price can be provided upon request via email from the listing service, as they manually verify and share this specific transaction detail.