Property Summary: 327 Crestmont Drive, Fraipont, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2024, is one of the newest properties in its immediate area and across the wider city. Its primary appeal lies in its modern construction, offering buyers a move-in-ready home with the benefits of contemporary building standards and minimal initial maintenance. With 1,539 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 when compared to homes on its street, in Fraipont, and citywide. This is a significant advantage in a market where many homes are decades older. Its living space is above average for Winnipeg overall, though it is more typical for the newer Fraipont neighbourhood. The lot size is modest, especially by city-wide standards, which translates to less yard upkeep.
This property would suit a buyer looking for a modern, low-maintenance home in a developing area, who prioritizes interior space and new infrastructure over a large yard. It’s also a sensible choice for those wary of the hidden costs and renovation projects often associated with older homes. A thoughtful perspective is that while the assessed value is currently below the neighbourhood average, the home’s newness could position it well for long-term stability as the area matures.
Section 2: Frequently Asked Questions
1. Is this home in a new subdivision?
Yes, the home was built in 2024 and is located on a street with many other recently built properties, indicating Fraipont is a newer, developing neighbourhood.
2. How does the lot size compare?
The land area is 3,691 sqft, which is slightly below average for Crestmont Drive and Fraipont, and notably smaller than the typical Winnipeg lot. This means less outdoor maintenance but also more limited private outdoor space.
3. What does the "unrenovated basement" mean?
The listing notes the basement exists but is "not renovated." This typically means it is a blank canvas—finished with basic walls and flooring but without customized rooms or fixtures—allowing the new owner to finish it to their taste.
4. How does the assessed value relate to the recent sale price?
The home was sold in April 2024 for between $395,000 and $425,000. Its current assessed value is $413,000, which aligns closely with that sale price, suggesting the assessment is up-to-date and market-based.
5. Are there many other similar, new homes nearby?
Yes. The listing shows several nearby homes on Crestmont Drive with nearly identical specs, built in 2023 or 2024. This creates a consistent, modern streetscape but also means direct comparables are readily available for valuation.