Property Overview: 54 Mara Place, Winnipeg
Key Characteristics & Appeal
This two-storey home in the Fraipont neighbourhood is a modern property, built in 2023, offering move-in-ready convenience with minimal upkeep in its immediate future. Its primary appeal lies in its generous proportions, both in the 2,297 sqft living area and the 7,622 sqft lot, which place it well above average for the local area and citywide. The home features an attached garage and a basement (not renovated), providing flexible space for storage or future development.
The data suggests a property that stands out in its peer group. It ranks in the top tiers for size, lot dimensions, and assessed value within Fraipont, indicating a premium offering for this specific community. This combination of new construction, significant indoor and outdoor space, and a strong valuation position makes it particularly suited to buyers looking for a established, spacious family home in a newer neighbourhood, without the need for immediate renovations. It would also appeal to those who value clear, above-average metrics for their investment compared to nearby properties.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the same street?
The home sold in May 2024 for a price that ranked in the top 12% for Mara Place, indicating it achieved a strong value relative to its direct neighbours.
2. What does the "not renovated" basement mean?
The basement is finished as part of the original 2023 build but has not been subsequently upgraded or altered. It offers clean, functional space that can be used as-is or customized later.
3. Is the assessed value aligned with the recent sale price?
The current assessed value is $67.70k. The home sold for between $76.50k and $79.50k in May 2024, which is a typical pattern where market sale prices can exceed the municipal assessment.
4. How does the lot size benefit a buyer?
At over 7,600 sqft, the lot is significantly larger than many in Fraipont (top 5% locally). This allows more privacy, greater landscaping potential, and room for outdoor amenities compared to newer, denser subdivisions.
5. The home is newer, but what about the rest of the neighbourhood?
While this home was built in 2023, the comparison data shows the average build year for Fraipont is around 2020, and citywide is 1966. This confirms you are purchasing in a predominantly modern, established neighbourhood of newer homes.