Property Overview
49 Bow Water Drive is a modern, two-storey home in Winnipeg's Fraipont neighbourhood. Built in 2018, it offers 2,088 sqft of living space and sits on a 5,850 sqft lot with an attached garage. The home features a basement that is present but not renovated. Its current assessed value is $750,000.
Key Characteristics & Appeal
This property stands out for its above-average space and premium positioning within its immediate area. With a living area ranking in the top third of its street and the top 9% city-wide, it offers more interior room than most Winnipeg homes. Its $750,000 assessed value places it in the elite top 3% for Fraipont and city-wide, indicating a high-calibre home for the area. The lot size is also generous, ranking in the top 11% on Bow Water Drive.
The primary appeal lies in acquiring a relatively new construction (2018) that requires no major updates, combined with significant bragging rights within its community. It’s a home that feels spacious locally and is confirmed as a top-tier asset by broader market metrics. The unrenovated basement presents a clear opportunity for future customization.
This home would best suit buyers looking for a move-in ready, modern property in a established neighbourhood, who value space and a strong equity position. It’s ideal for professionals or growing families seeking a home that outperforms its immediate peers in scale and value, with the added benefit of a blank-canvas basement to tailor to their needs.
Frequently Asked Questions
1. Is the $750,000 the asking price or the sale price?
The $750,000 figure is the property's assessed value for taxation purposes, not a listed sale price. Market sale prices can differ from this assessment.
2. What does "basement yes, not renovated" mean?
It confirms the house has a basement, but it is in an unfinished or builder-basic state. It’s a functional space requiring investment and work to become a finished living area.
3. How does this home compare to others on the street?
The data shows it ranks above average on its street for living area, assessed value, land size, and year built. It is a larger, more valuable, and newer home compared to most of its direct neighbours.
4. The home sold in 2019 for between $68,500 and $71,500. Why is the assessed value now so much higher?
The 2019 sale was likely for the vacant building lot prior to the home's construction. The current assessment reflects the completed, modern house that now exists on the property.
5. What are the implications of being in the "top 3%" for assessed value in Fraipont?
This means the home is among the most valuable properties in the neighbourhood. It suggests a premium location or property attributes, but also comes with correspondingly higher property taxes.