Property Overview: 52 Geneva Lane, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2019, offers modern living in the Fraipont neighbourhood. Its key appeal lies in its contemporary age, placing it among the newest homes both on its street and city-wide, which suggests fewer immediate maintenance concerns and modern building standards. With 1,468 sqft of living space, it provides room for a growing family or those seeking a comfortable upgrade, sitting at a practical size that is very close to the average for similar homes in the area.
The property suits buyers looking for a relatively new, low-maintenance home in a neighbourhood of similar vintage. Its assessed value is notably below average for Fraipont, which could indicate a more accessible entry point into this newer community or reflect the home's unrenovated basement. The lot size is compact compared to city-wide averages, which translates to less yard upkeep—a plus for busy professionals or those not wanting extensive gardening chores. The detached garage adds valuable storage or workshop space. A thoughtful perspective is that this home represents a balance: you gain the benefits of a newer build without necessarily paying a premium for a larger, more expensive lot, making it efficient and focused on the living space itself.
Section 2: Frequently Asked Questions
1. What does "below average" assessed value in the neighbourhood indicate?
While the home's assessed value is below the Fraipont average, this is likely influenced by the home's unrenovated basement. It presents a potential value opportunity for a buyer willing to finish the space themselves, allowing for customization and added equity.
2. How does the lot size impact daily living?
At 3,275 sqft, the lot is smaller than many in Winnipeg. This means less private outdoor space but also significantly reduced time and cost for yard maintenance, which can be a desirable trade-off.
3. The home sold in 2019. Is there a history of frequent turnover?
No. The data shows only the original sale from when the home was built in 2019. There is no indication of frequent resale, suggesting the original owners have lived there since construction.
4. What is the context of the "Elite" ranking for the Year Built?
This statistic highlights that 52 Geneva Lane is one of the newest properties on its street and in the wider city. In a market with many older homes, its 2019 build date is a standout feature for modern systems and design.
5. Who are the likely neighbours?
Given the uniform build dates on Geneva Lane (nearby properties share similar addresses), the neighbourhood likely consists of other homeowners who purchased around the same time, fostering a community of similar age and potentially similar life stages.