Property Overview
This two-storey home at 73 Thelon Way in Winnipeg’s Fraipont neighbourhood presents a practical, modern living option. Built in 2019, it offers 1,460 sqft of living space with a detached garage and an unfinished basement. Its key appeal lies in its contemporary construction, which means fewer immediate maintenance concerns compared to older city-wide averages, and its position as a solidly average property within its immediate area. The home suits first-time buyers or downsizers seeking a move-in ready, low-maintenance property without the premium of a brand-new build. It also appeals to value-focused buyers who prioritize a newer home over a larger lot, as the land size is more compact compared to many city properties.
Frequently Asked Questions
What is the real significance of the "above average" city-wide assessed value ranking?
While the assessed value ranks in the top 30% city-wide, this largely reflects the home's modern build year compared to Winnipeg's overall older housing stock. It's more informative to compare it to its own neighbourhood and street, where it ranks as average to below average, giving a clearer picture of its local market position.
Is the unfinished basement a drawback or an opportunity?
This depends on the buyer. It’s a drawback for those seeking immediate, finished square footage. However, it represents a clear opportunity for customization and added value, allowing new owners to finish the space to their own needs and taste without needing to undo previous renovations.
How should I interpret the sold price history from 2022?
The sold price range from late 2022 provides a historical benchmark, but it is not the current market value. It’s most useful for understanding the home’s price trajectory and should be used as a starting point for research, alongside recent comparable sales and a professional appraisal.
The lot size is noted as "below average" for the city. How does this affect daily living?
The 3,460 sqft lot requires less upkeep than a larger yard, which is a benefit for those seeking a low-maintenance lifestyle. The trade-off is less private outdoor space for gardening or recreation. For many in newer neighbourhoods, this is a standard and acceptable compromise.
Who are the most likely competing buyers for this property?
Given its profile, likely competition would come from other practical-minded buyers: young professionals, couples, or small families looking for a modern home in a developed neighbourhood. It may see less competition from buyers specifically seeking large lots, extensive renovations, or heritage character.