Property Overview: 41 Wapta Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the Fraipont neighbourhood is a modern, low-maintenance property built in 2019. Its key appeal lies in a balance of contemporary comforts and solid value within a newer community. With 1,681 sqft of living space and a renovated basement, it offers practical room for a growing family or those who appreciate flexible space. The attached garage and a land size of 5,829 sqft provide the benefits of a suburban lot without excessive upkeep.
The home’s value is underscored by its strong positioning relative to the market. It ranks above average city-wide for both assessed value and year built, meaning you’re getting a newer home in a condition that has retained its value well compared to Winnipeg’s overall housing stock. In Fraipont specifically, it sits in the top tier for land area, offering more outdoor space than most in the immediate area. It would suit first-time buyers looking for a move-in-ready home without the worries of an older property, or young families seeking a modern layout in a community with other recently built homes. A less obvious advantage is its potential for energy efficiency and lower immediate repair costs, given its age, which appeals to buyers prioritizing predictable monthly expenses over character renovations.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours on Wapta Crescent?
The assessed value is around the average for the street, but the home is newer than most (ranking in the top 8% on the crescent for year built). This suggests you’re paying for a more modern property rather than a premium for location alone on this specific street.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand if it’s a legal suite, a recreational space, or additional bedrooms.
3. Is this a good investment compared to the wider Winnipeg market?
City-wide data shows this home ranks in the top 14% for assessed value and the top 4% for year built against all Winnipeg properties. This indicates it’s a newer asset holding above-average value, which often translates to stable long-term equity in a market with many older homes.
4. What are the typical property taxes for this home?
While not listed, you can estimate annual taxes by applying the City of Winnipeg’s current mill rate to the assessed value of $542,000. Your real estate agent or the city’s website can provide a precise calculation.
5. Why did the home sell in 2023 and come back on the market so soon?
The sold price history shows a transaction in late 2023. The reasons for a quick resale are not provided and could range from a change in the owner’s circumstances to an investor flipping the property. This is an important point for your buyer’s agent to investigate for peace of mind.