Property Overview: 74 Whitehorn Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2023, offering a move-in-ready opportunity without the wait of new construction. Its key appeal lies in its above-average living space (1,694 sq ft) and a very recent build date, which citywide places it in an elite tier for newness. The home features an attached garage and an unfinished basement, providing functional space with the potential for future customization.
The property’s strength is its balanced standing within its immediate area. On Whitehorn Crescent, it ranks above average for both size and assessed value, suggesting it’s a solid performer in its own neighbourhood. A thoughtful perspective is the lot size: while the home itself is spacious, the land area is more compact compared to many city lots. This could mean lower outdoor maintenance—a plus for busy professionals or those not seeking extensive gardening—but less private outdoor space.
This home would suit first-time buyers or young families looking for a modern, low-maintenance property in a developing area. It’s also a practical fit for buyers who value newer construction (and the warranties, efficiency, and modern layouts that often come with it) but want to avoid the potential delays and decisions required when building from scratch.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
Based on assessed value, this property ranks in the top 28% on its own street and the top 20% citywide, indicating it is valued higher than many comparable homes. This often reflects its newer construction and larger living area.
2. What does the "unfinished basement" mean for me?
The basement is complete but not renovated, offering a blank canvas. This allows a new owner to finish it to their own taste and needs, whether for a rec room, home office, or additional bedrooms, potentially adding significant value.
3. The home is new, but how does the lot size compare?
The land area is compact, especially compared to the city-wide average. This translates to less yard maintenance but also less private outdoor space. It’s a trade-off that prioritizes the home's interior square footage over the lot.
4. What is the likely price range based on recent sales?
A very similar home just two doors down at 70 Whitehorn Crescent sold in late 2023 for an estimated range of $555,000 to $585,000. This provides a strong, recent benchmark for this property’s market value.
5. Is this a good long-term investment for the area?
The data shows Fraipont is a neighbourhood with many new homes (this property ranks in the top 13% for year built in the area). Investing in a newer home here suggests buying into a modernizing community, which can be positive for sustained value, though future development and lot sizes in the area are factors to consider.