Property Overview: 394 Bonaventure Drive W, Fraipont, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, one-storey home built in 2019, offering a move-in-ready opportunity with a renovated basement. Its key features include an attached garage and 1,280 sqft of living space. The home’s primary appeal lies in its contemporary build, which means fewer immediate maintenance concerns compared to older city-wide averages, and its updated lower level adds functional space.
The property finds a interesting balance in the market. While its living and land footprint is modest for the immediate street and neighbourhood, its assessed value is strong city-wide, suggesting a well-regarded and efficient use of space. It would suit first-time buyers or downsizers seeking a modern, single-level layout without the premium of a brand-new build. It also appeals to value-conscious buyers who prioritize a recent construction year and updated finishes over maximizing square footage.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 1,280 sqft, the living area is below the average for Bonaventure Drive W and the Fraipont neighbourhood, but is very close to the city-wide average. This indicates a efficient, potentially easier-to-maintain home in a neighbourhood where many houses are larger.
2. What does the assessed value tell us?
With an assessed value of $500k, it sits around average for its street and neighbourhood, but ranks in the top 20% city-wide. This suggests the property holds its value well on a broader scale, likely benefiting from its newer age and the neighbourhood’s overall standing.
3. Is the lot size typical?
The 4,401 sqft lot is below average for the street but aligns closely with the neighbourhood and city averages. It provides a manageable yard space without extensive upkeep.
4. What is the context of the recent sold price data?
The listed sold price range from late 2024 ($555k-$585k) is notably higher than the current assessed value. This is a market snapshot and should be discussed with a real estate professional to understand current conditions and the relationship between assessed value and market price.
5. Who might the nearby "For Reference" properties be useful for?
The listed comparable properties (e.g., 113 Wapta Cres, 166 Evelyne Reese Blvd) are not direct matches in size or value. They are best used to gauge the variety of home types and prices within Fraipont, highlighting that this property offers a newer build at a mid-range price point for the area.