Property Overview & Key Characteristics
This two-storey home at 45 Thelon Way in Winnipeg's Fraipont neighbourhood is a modern property built in 2018. Its primary appeal lies in offering relatively new construction in a city where the average home is significantly older, while presenting a value-oriented entry point within its immediate area. With 1,366 sqft of living space and a 3,078 sqft lot, it is a compact and efficient layout.
The home suits first-time buyers or downsizers seeking a low-maintenance, newer build without the premium price tag often found in newer subdivisions. Its assessed value is notably below average for both its street and the Fraipont area, which could attract investors or buyers looking for a strategic purchase with potential for equity growth as the neighbourhood continues to develop. A thoughtful perspective is that while the lot size is modest, it translates to less yard work, aligning with a simpler lifestyle. The unrenovated basement presents a blank canvas for future expansion, adding potential value for a handy owner.
Frequently Asked Questions
1. Is this a good value compared to the neighbourhood?
The data indicates its assessed value is in the bottom 4% for Fraipont, meaning it is priced significantly below many area comparables. This suggests a competitive entry price for a modern home in this community.
2. What does the "unrenovated basement" mean?
The basement is finished but has not been updated since the home was built in 2018. It's move-in ready but offers the opportunity to customize and potentially increase the home's value with future updates.
3. How does the lot size impact the property?
The lot is smaller than the average for both the street and the city. This means less exterior maintenance and lower landscaping costs, but also limited space for large additions, pools, or extensive outdoor recreation.
4. The home sold in 2020. What does that history tell us?
The 2020 sale provides a previous market price point, but given shifts in the market and the home's age, a current appraisal and comparative market analysis are essential to understand its present value.
5. Are there comparable homes to consider?
The listing references nearby properties on Thelon Way and similar-valued homes in other neighbourhoods like Elmhurst. This is useful for broad comparison, but factors like specific location, condition, and interior layout will create key differences in value and livability.