Property Overview: 83 Crestmont Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built in 2020, offering a move-in-ready foundation with room for personalization. Its key appeal lies in a balanced combination of above-average space and a contemporary build within a newer neighbourhood context.
The 1,737 sqft living area is notably spacious, ranking in the top 21% on its own street and top 19% city-wide, offering more room than the typical Winnipeg home. It features an attached garage and a full, unrenovated basement, presenting a blank canvas for future expansion. With an assessed value of $500k, it positions itself as a premium property on Crestmont Drive while being more aligned with the average in the broader Fraipont area.
This home would suit buyers looking for a relatively new build who want to avoid the potential issues and immediate upgrade costs of an older home. It’s ideal for those who value modern construction standards and energy efficiency, and who see potential in a basement that they can finish to their own taste and timeline. The data suggests it offers a "best of both worlds" scenario: a newer home in a street of newer homes, but with a larger-than-average footprint for its cohort.
Section 2: Frequently Asked Questions
1. Is the price fair based on recent sales?
Based on available data, the home last sold in July 2023 for an estimated $555,000-$585,000. The current $500,000 assessment is significantly lower, which may reflect market adjustments or the assessed value lagging behind a previous sale price. It’s crucial to investigate why this gap exists.
2. How does the lot size compare?
The 3,738 sqft lot is fairly typical for Crestmont Drive and Fraipont but is below the city-wide average. This is common for newer subdivisions. Buyers should consider if the yard space meets their needs, as it may be smaller than what’s found in older city neighbourhoods.
3. What does "basement not renovated" mean?
The basement is unfinished. This is a cost-saving opportunity at purchase but requires a future investment to finish. It allows you to customize the space exactly as you want, but you must budget for that project separately.
4. Is the neighbourhood established?
Fraipont appears to be a newer area, with many homes on Crestmont Drive built around or after 2020. The community is still maturing, which can mean newer infrastructure but less established landscaping and community character compared to older neighbourhoods.
5. Why are the "city-wide" rankings for year built so high?
The home ranks in the top 3% city-wide for being new (built 2020). This highlights that most homes in Winnipeg are significantly older (city-wide average year built is 1966). This is a major point of appeal, suggesting lower immediate maintenance costs and modern materials.