Property Overview
This two-storey home at 757 De La Seigneurie Boulevard in Winnipeg's Fraipont neighbourhood presents a specific value proposition. Built in 2021, it is a relatively new construction with a 1,389 sqft living area and an assessed value of $400,000. The home features a basement (not renovated) and does not include a pool or garage.
Key Characteristics & Buyer Appeal
The primary appeal of this property lies in its modern build year, offering buyers a move-in-ready home with contemporary building standards and minimal immediate maintenance concerns. Its assessed value is positioned below the average for its immediate street and neighbourhood, which could indicate a more accessible entry point into a newer community. However, the living and land space (3,376 sqft) are notably below area averages, suggesting a compact, efficient layout rather than a sprawling one.
This home would suit first-time buyers or downsizers who prioritize a newer build over square footage and are comfortable with a more modest lot size. It may also appeal to value-conscious buyers looking for a modern home in Fraipont, who are willing to trade space for the perks of a recent construction and a potentially favourable price-per-square-foot relative to other newer homes in the area. A less obvious perspective is that the below-average lot size could mean lower yard maintenance costs and time, aligning with a lock-and-leave or low-maintenance lifestyle.
Frequently Asked Questions
1. Is the price fair compared to recent sales?
Based on provided data, a home on this street with similar specs sold in late 2021 for approximately $335,000-$365,000. The current $400,000 assessment reflects market changes since then. Direct comparisons with nearby newer homes on Crestmont Drive, assessed in the low $400,000s, suggest the asking price is competitive within the newer home segment of Fraipont.
2. What are the main trade-offs with this property?
You are trading square footage and land size for a newer build. The home's living area and lot are below the neighbourhood averages, but it benefits from modern construction and systems only five years old.
3. How does the lack of a garage impact utility and value?
The absence of a garage is a significant consideration for vehicle storage, workshop space, and general storage. This is common in some newer, compact subdivisions but may affect resale for buyers who prioritize sheltered parking. Factor in the cost and feasibility of adding a shed or future carport.
4. The data shows the assessed value is "below average" for the street. Is that a red flag?
Not necessarily. This often reflects the home's specific attributes (like size) relative to others on the street. It can signal a more affordable option on a desirable street. It's essential to verify the assessment aligns with the home's condition and the seller's asking price.
5. What does "basement, not renovated" imply?
It indicates the basement is unfinished or in a rough-in state. This presents both a cost and an opportunity: you'll need to budget to finish it, but you can also customize the space to your needs without paying a premium for a previous owner's renovation.