Property Overview: 347 Crestmont Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home at 347 Crestmont Drive is a modern property, built just two years ago in the Fraipont neighbourhood. Its primary appeal lies in its new construction, offering move-in readiness and contemporary building standards without the wait or uncertainty of a new build. With 1,404 sqft of living space, an attached garage, and a basement (unrenovated), it provides a practical layout for everyday 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 across Winnipeg. This is a significant advantage in a market where many homes are decades older. However, the data presents a nuanced picture: while very new, its living space and assessed value are below average for the immediate Crestmont Drive area and Fraipont, but align more closely with city-wide averages. This suggests you are purchasing modernity and efficiency over sheer size. The lot is a manageable 3,692 sqft, typical for the street but smaller than the Winnipeg average.
This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home in a developed neighbourhood. It’s also a sensible choice for value-focused buyers who prioritize new mechanical systems, insulation, and building codes over having the largest home on the block. The unrenovated basement presents a blank canvas for future expansion.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
The data suggests a trade-off. You are paying for a newer home. Its assessed value and living area are below the current averages for Crestmont Drive and Fraipont, but its newness is a premium feature that may justify this for buyers wanting modern construction.
2. What does the "below average" ranking for size and value on the street mean?
It means that compared to most of its immediate neighbours on Crestmont Drive, this home has less living space and a lower assessed value. This isn’t necessarily negative—it can mean lower property taxes and a competitively priced entry point into a street of larger, potentially older homes.
3. The home is very new. Are there any major drawbacks?
The basement is noted as unrenovated, so finishing it would require additional investment. Also, newer subdivisions can have smaller lots; this lot is under 4,000 sqft, which is smaller than the Winnipeg average, so outdoor space may be more limited.
4. How reliable are the sold price estimates shown?
The listed sold price range (e.g., $44.5k ~ $47.5k for 1/2024) is based on public data and is an estimate. The page notes that for the exact historical sold price, you must request it via email from the service, as they verify records manually.
5. What are the comparable nearby properties like?
The listing shows nearby homes on Crestmont Drive (like 343, 351) are all very close in proximity, indicating a tight-knit street. Directly comparable properties suggested are 357 and 333 Crestmont, which are also very new (2023 builds), slightly larger in living area, and have a correspondingly higher assessed value.