364 Whitehorn Crescent

Property Summary: 364 Whitehorn Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in the Fraipont neighbourhood is a modern property, built in 2024. Its key characteristic is its newness, ranking it among the newest 1% of homes citywide. The living space is 1,389 sqft with a renovated basement, situated on a 3,128 sqft lot. There is no garage or pool.

The primary appeal lies in acquiring a like-new build without the premium often attached to brand-new construction, as the assessed value is modest relative to its age. It represents a turnkey opportunity for those wanting modern building standards and minimal immediate maintenance.

This home would suit first-time buyers or downsizers seeking a modern, low-maintenance lifestyle in a developing area. It’s also a practical fit for buyers comfortable with a smaller lot size and no garage, who prioritize interior condition and building age over expansive outdoor space. A thoughtful perspective is that while the home is new, its below-average metrics for lot and living space within its immediate street and area suggest it offers a more compact, efficient footprint in a neighbourhood where larger, older lots are common.

Section 2: Frequently Asked Questions

1. Is this a brand-new home?
No, but it is very recent. It was built in 2024, so it is essentially a like-new property with the benefits of modern construction but without the typical premiums and closing costs of a brand-new build.

2. How does the lot size compare to others?
The lot is 3,128 sqft, which is below average for both the Fraipont area and the city overall. This means lower yard maintenance but less private outdoor space compared to many neighbouring properties.

3. What does the assessed value indicate?
The assessed value is $42,300. While below the average for its immediate street and area, it is around the citywide average. This can suggest the property is priced accessibly for its condition and age within the broader Winnipeg market.

4. Are there any recent sales for comparison?
Yes, the property sold in October 2024 for between $42,500 and $45,500. This recent sale provides a clear, current benchmark for its market value.

5. What are the trade-offs for getting a newer home here?
You gain a modern, low-maintenance home. The trade-offs, based on the data, are typically a smaller interior and land footprint compared to many area homes, and no garage. It’s a choice of modern building quality over space and established landscaping.