Property Overview
60 Crimson Way is a two-storey home in Winnipeg's Fraipont neighbourhood, built in 2018. With 1,366 sqft of living space and a 3,367 sqft lot, it presents a relatively modern, low-maintenance option. The home features a basement (not renovated) and does not have a pool or garage. Its current assessed value is $40,800.
Key Characteristics & Appeal
This home’s primary appeal lies in its modern age and efficient footprint within a newer community. As a 2018 build, major systems like roofing, windows, and HVAC are likely in good condition, offering peace of mind and shielding buyers from immediate large repair costs. The living space is practical for a small family or couple, ranking around average for its immediate street and city-wide.
A thoughtful perspective is its position as a value-conscious entry into a newer area. The assessed value is below average for both its street and the Fraipont area, which could indicate a lower property tax burden or represent a relative value opportunity compared to neighbouring homes. The lack of a garage and an unfinished basement, while drawbacks for some, keep the offering simple and could be a canvas for a buyer to customize later without paying a premium for already-finished spaces.
It would suit first-time homebuyers seeking a modern, move-in-ready home without the upkeep of an older property. It could also appeal to downsizers looking for a single-family home with less square footage to maintain, but who still want the feel of a house rather than a condo. Investors might see potential in renting to a small family drawn to the newer build and neighbourhood.
Frequently Asked Questions
1. Why is the assessed value notably lower than nearby averages?
The assessed value of $40,800 is below the average for both Crimson Way and the wider Fraipont area. This can be influenced by factors like the lack of a garage, the unfinished basement, and the specific market valuations set by the assessor. It often translates to lower annual property taxes.
2. What does the sale history indicate?
The home sold previously in June 2021 for an estimated $41.5k to $44.5k. This suggests relative price stability in line with its current assessment, showing no dramatic market swings for this specific property in recent years.
3. How does the lot size impact the property?
At 3,367 sqft, the lot is below average for the area. This means a smaller backyard, which reduces maintenance but also limits potential for large additions, pools, or extensive outdoor living spaces. It aligns with a lower-maintenance lifestyle.
4. What are the implications of the basement being "not renovated"?
The basement is unfinished space. This provides flexible storage or utility area but would require a significant investment to convert into living space. It is a cost to factor in for buyers wanting more rooms, but also an opportunity to customize.
5. How does this home compare city-wide?
City-wide, this home is a study in contrasts. Its 2018 build date is in the top 4% for newness, making it newer than approximately 96% of Winnipeg homes. However, its lot size and assessed value are below the city average, positioning it as a modern home on a more compact, affordable lot.