Property Overview: 357 Crestmont Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2023, offering a move-in-ready condition in Winnipeg's Fraipont neighbourhood. Its key characteristics include 1,542 sqft of living space, an attached garage, and a full (unrenovated) basement on a 4,117 sqft lot. The home’s primary appeal lies in its balance of new construction benefits—like modern building standards and minimal immediate maintenance—within a well-established, newer suburban community. The data suggests it sits in a desirable location, ranking in the top 15% of its street for lot size and the top 13% of its neighbourhood for being a newer build.
This property would suit first-time buyers or young families seeking a contemporary home without the wait or uncertainties of a build. It also appeals to value-conscious buyers looking for a property with strong fundamentals: its assessed value has remained stable relative to its recent 2023 sale price, indicating a steady market perception. A thoughtful perspective is the home’s potential for future equity growth; the existing basement presents a clear opportunity to add value through renovation as needs and budget allow.
Frequently Asked Questions
1. Is this a good investment relative to the area?
The data indicates a stable value. The home’s assessed value is consistent with its 2023 sale price, and it ranks in the top 35% on its street for assessed value, suggesting it is positioned well within its immediate market.
2. What is the neighbourhood like?
Fraipont is a newer, developing community. The listing shows many comparable and nearby homes were built between 2019-2024, indicating a neighbourhood of modern homes with likely similar demographics.
3. Why is the basement noted as "not renovated"?
This means the lower level is unfinished or in a basic state. While it offers functional space for storage or utilities, it represents a blank canvas for future living space, recreation room, or suite development, subject to permits.
4. How does the lot size compare?
At 4,117 sqft, the lot is larger than 85% of others on Crestmont Drive. This is a notable advantage for outdoor space, privacy, and landscaping potential compared to many newer suburban lots.
5. Are there any obvious concerns from the data?
The living area is slightly below the neighbourhood median, ranking in the top 55%. For some buyers, this may mean prioritizing efficient use of space. However, this is balanced by the newer construction and above-average lot size.