Property Overview: 59 Eau-Claire Drive, Fraipont
Key Characteristics & Appeal
This two-storey home, built in 2021, offers modern living in Winnipeg's Fraipont neighbourhood. Its primary appeal lies in being a relatively new build, which typically means fewer immediate maintenance concerns and contemporary building standards. With 1,735 sqft of living space, an attached garage, and a full (though unrenovated) basement, it provides a solid foundation for a growing family or those seeking move-in-ready space.
The property stands out statistically within its context. It ranks in the top quarter of Winnipeg for living area and assessed value, suggesting a above-average sized home with strong municipal valuation. On its own street and in Fraipont, it consistently ranks in the top third for size, value, and newness, indicating it's a stronger performer within its immediate micro-market. This positions it as a competitively modern home in an area with a mix of vintages.
The home would suit buyers looking for a turnkey property without the premium of a brand-new build, but who want to avoid major, older-home renovations. It's also well-suited for those who value data-driven decisions, as its rankings show a property that outperforms many local comparables. A thoughtful perspective is the unrenovated basement: while not a finished feature, it presents a clear, clean canvas for future customization without the need to undo someone else's project.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The assessed value of $530k places this home in the top 14% of all properties in Winnipeg, and top 23% in Fraipont. This means the city has valued it higher than most homes in the area, which can be a marker of its perceived worth relative to its size, age, and location.
2. The home sold in 2021. What does that past sale price indicate?
It sold for $476,000 in October 2021. The significant increase to its current $530k assessed value reflects strong market appreciation over a few years, highlighting the growth trajectory of newer homes in this neighbourhood.
3. How does this home compare to others on the same street?
It ranks highly on Eau-Claire Drive, especially for its assessed value (top 29%) and year built (top 35%). This suggests it is one of the more valuable and newer homes on the street, not an average property in the row.
4. Who might the "unrenovated basement" appeal to?
While a finished basement offers immediate space, an unrenovated one appeals to buyers who want to customize the layout, materials, and design to their specific needs—whether for a home gym, theatre, or suite—without paying a premium for a prior owner's finishes they may not like.
5. The lot is nearly 4,000 sqft. Is that typical?
At 3,959 sqft, the land area is above average for the street (top 42%). This means more outdoor space than many neighbouring properties, a valuable asset in a newer subdivision where lot sizes can vary.