Property Overview: 701 De La Seigneurie Boulevard, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2020, offering the appeal of a newer build with less immediate concern for major repairs or updates. Its key characteristic is a balance of contemporary living within a more accessible price point for the Winnipeg market. The 1,389 sqft living area is modest compared to some immediate neighbors but is very close to the city-wide average, suggesting an efficient, manageable layout for daily life.
The home’s primary appeal lies in its value proposition. While its assessed value is below average for its specific street and the Fraipont area, it ranks around average city-wide. This indicates you may get a relatively newer home here for a price that is competitive across Winnipeg, potentially offering a cost-effective entry into a modern property. The lot is compact (3,252 sqft), which means lower maintenance but less private outdoor space—a trade-off that suits those seeking a lock-and-leave lifestyle or first-time buyers. It features a basement (unrenovated, offering potential) and a detached garage.
This property would best suit practical buyers looking for a turnkey, low-maintenance home without the premium often attached to newer constructions. It’s a strong fit for first-time homeowners, small families, or investors attracted by the modern build year and the stability of a neighborhood filled with similar contemporary houses. The unrenovated basement presents a clear, defined project for those wanting to add value over time.
Frequently Asked Questions
1. Is this a good value for the money?
Based on assessment data, this home presents a value-oriented profile. Its assessed value is below the average for its own street and the Fraipont area, yet it is a newer build (2020) than most in those groups. This suggests the potential to acquire a modern home at a price point that is competitive, especially when viewed against the wider Winnipeg market.
2. What does the "below average" land area mean for me?
The lot is smaller than most in the area. This translates to less yard maintenance, which can be a benefit for busy households. However, it also means limited space for extensive gardening, large play structures, or expansive outdoor entertaining. Privacy from neighbors may also be less than on larger lots.
3. The home sold in 2020 for roughly $34.5k–$37.5k. Why is the assessed value now $43.70k?
The sold price from 2020 likely reflects the initial purchase from the builder/developer. The current assessed value is set by the municipal authority for taxation purposes and reflects their estimate of its market value now, considering area sales, the home’s age, and other factors. It is a different metric from a private sale price.
4. What are the pros and cons of the unrenovated basement?
The pro is that it provides blank-canvas potential to finish according to your needs and taste, potentially increasing the home’s living space and value. The con is that it requires a future investment of time and money to realize that potential, and it is not immediately usable as finished living space.
5. How does this home compare to others in Fraipont?
It is a newer-than-average home in the neighborhood (2020 vs. an area average around 2008). While its living space and lot size are on the more compact side for Fraipont, this contributes to its relatively lower assessed value for the area, positioning it as a more affordable option within this modern subsection of the community.