Property Overview: 38 Mara Place, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a standout property defined by its generous scale and modern build. Its primary appeal lies in offering substantial space—both in its 2,675 sqft living area and on its expansive 16,286 sqft lot—within a contemporary 2023 construction. The home ranks in the top tier locally for living space, lot size, and assessed value, positioning it as a premium offering in the area.
The property suits buyers looking for a move-in ready, modern home with ample room for a growing family or for hosting. Its large, unrenovated basement presents a clear opportunity for customization, appealing to those who want to add value or tailor space to their specific needs. A thoughtful perspective is that this home offers the rarity of a new-build footprint on a lot size more typical of older neighbourhoods, providing modern efficiencies with the space for future outdoor amenities or landscaping projects. It’s an ideal fit for buyers who prioritize interior and exterior space over immediate luxury finishes, and who see potential in personalizing a solid, high-value asset.
Section 2: Frequently Asked Questions
1. What is the exact sold price history?
The public data shows a sale in June 2023 within a broad range. For the precise sale price, you can request the information via email from the listing source; they provide this detail manually.
2. How does the basement condition affect the property?
The basement is noted as "not renovated." This means it is a clean, functional space but finished to a basic standard. It should be viewed as a blank canvas, potentially adding significant value once finished to the new owner's taste.
3. Is the assessed value reflective of the current market price?
The assessed value of $86.90k is a municipal valuation for tax purposes and ranks in the top 1-2% for the area. It indicates a high-value property, but the market price is determined by current buyer demand and recent comparable sales.
4. What does the "Elite" or "Top %" ranking mean for each metric?
These rankings compare this home against similar properties on its street, in Fraipont, and citywide. For example, ranking in the "Top 1%" for lot size in Fraipont means 99% of comparable homes in the neighbourhood have a smaller land area. It's a quick way to see where the property excels.
5. What are the implications of such a large lot?
A 16,286 sqft lot (over a third of an acre) is a significant asset. It offers exceptional privacy, space for additions like a deck or garden, and future development potential subject to zoning. It also typically means higher property taxes but provides a level of space that is increasingly rare in newer subdivisions.