Property Overview: 59 Bonaventure Drive W
Key Characteristics & Buyer Profile
This two-storey home, built in 2017, offers a practical and modern living space of 1,587 sqft in Winnipeg's Fraipont neighbourhood. Its key appeal lies in its balance of being a relatively newer build with a manageable scale. The home features an attached garage and a basement (not renovated), situated on a 4,331 sqft lot.
The property’s standout characteristic is its context-dependent value. While its living space is slightly below the average for its immediate street, it is above the city-wide average, suggesting a more efficient or modern layout compared to many older Winnipeg homes. The assessed value tells a similar story: it is modest for Bonaventure Drive but sits above the city median, indicating a solid investment in a stable area. This creates an interesting proposition—it’s a newer, low-maintenance home that is competitively positioned within the broader market, yet may offer relative value within its own desirable street.
This home would suit first-time buyers or downsizers seeking a modern build without an oversized footprint. It’s ideal for those who prioritize a move-in-ready property (given its age) and value the potential of an unfinished basement for future customization. Buyers looking for a large yard or top-tier square footage on their block might look elsewhere, but for those seeking a sensible, contemporary home in a well-established area, this represents a compelling option.
Frequently Asked Questions
1. Is the price fair for the neighbourhood?
Based on its last sold price (Fall 2023) and current assessment, the home is priced below the street average for Bonaventure Drive W. This suggests potential value within Fraipont, especially for a home built in 2017.
2. What is the potential for future value growth?
The home is already above average in assessed value city-wide. Its newer construction in an older city housing stock is a long-term advantage. The unrenovated basement also presents a clear opportunity to add value through a future finish.
3. How does the lot size impact livability?
At 4,331 sqft, the lot is smaller than most on the street but is near the average for Fraipont. This means lower yard maintenance, which appeals to many, but may limit extensive outdoor additions like a large deck or pool.
4. What are the typical buyers or residents like in this area?
While specific demographics aren't provided, the mix of home ages and values on Bonaventure Drive W and in Fraipont suggests an established, stable neighbourhood. The presence of both older and newer homes (like this 2017 build) indicates a community with a range of residents, from long-time owners to newer families.
5. Why is the city-wide assessment ranking so much stronger than the street ranking?
This highlights Winnipeg's diverse housing market. This home, being newer and above the city's median size and value, stands out compared to the city's older average housing stock. On its own street, it competes with larger or more renovated properties, making its value more modest in that direct comparison.