Property Overview: 337 Crestmont Drive, Winnipeg
Key Characteristics & Appeal
This two-storey home at 337 Crestmont Drive is a notably modern property in the Fraipont neighbourhood, built just two years ago in 2024. Its primary appeal lies in its new construction status, offering the benefits of a contemporary build with modern systems and minimal immediate maintenance. With 1,405 sqft of living space, three bedrooms, and an attached garage, it provides a practical layout for everyday living.
The home’s standout characteristic is its age; it ranks in the top 1% for year built both on its street and within the wider city, making it a rarity among predominantly older housing stock. However, the property presents a nuanced value proposition. Its living area and assessed value are below average for its immediate street and neighbourhood, suggesting a more compact or modestly finished home compared to nearby peers. This creates an opportunity for buyers seeking a newer build at a potentially more accessible price point than larger, renovated homes in the area. The lot size is average for the local area but smaller than the city-wide norm.
This property would suit first-time buyers or downsizers who prioritize modern construction and move-in readiness over square footage. It’s also a pragmatic choice for those comfortable with a home that may offer less space or premium finishes than some neighbours, in exchange for the long-term advantages and energy efficiency of a new build.
Frequently Asked Questions
1. Is this a good value for the area?
The value is relative to your priorities. The assessed value is below the neighbourhood average, which can indicate good value for a newer home. However, the living space is also smaller than many comparable homes on Crestmont Drive, so value here is tied more to the modern build than to square footage.
2. What does the "below average" ranking for living area mean practically?
It means this home has less interior space than most similar properties on its street and in Fraipont. For a young family or someone who needs ample room, it may feel compact. For a smaller household, the efficient use of space in a new build could be perfectly adequate.
3. Why is the assessed value so much lower city-wide than the neighbourhood average?
The city-wide comparison includes all types of homes across Winnipeg, many in older, established areas with different market dynamics. The more relevant comparisons are the "Same street" and "Same area" metrics, which show the home is assessed consistently lower than its direct peers in Fraipont.
4. What are the likely benefits of a 2024 build?
You can expect newer construction materials, modern building codes, contemporary electrical and plumbing systems, and likely better energy efficiency. This typically translates to lower immediate repair costs and potentially reduced utility bills compared to an older home.
5. The sold price history shows a range. What sold for that price?
The listed sold price range from February 2024 is for this specific property, 337 Crestmont Drive. The range is based on public data, and the exact sale price can be provided upon request to ensure accuracy, as noted on the detail page.