Property Overview: 83 Mara Place, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the Fraipont neighbourhood is a modern property, built in 2022. Its key characteristic is its above-average living space (1,964 sq. ft.) compared to both the local area and the wider city, offering generous room for a growing household or those who value space. The home features an attached garage and a basement (not renovated), providing flexible storage or future development potential.
The appeal lies in its balance of new construction benefits—like modern building standards and minimal immediate maintenance—within a well-established community. While the lot size is more compact compared to city averages, this often translates to less yard upkeep. The property’s assessed value positions it as a premium home within Fraipont but around the average for its immediate street, suggesting it fits comfortably within its specific pocket of the neighbourhood.
This home would best suit buyers looking for a move-in ready, modern build who prioritize interior space over a large yard. It’s ideal for professionals or families wanting a newer home without venturing into brand-new subdivisions, and for those who see the unfinished basement as a canvas for future customization rather than a drawback.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its last sale?
Based on available data, the home sold in November 2022 for an estimated range of $515,000 to $545,000. Its current assessed value is $520,000, indicating a stable market valuation in line with that purchase price.
2. What does the "not renovated" basement mean?
The basement is unfinished. It provides essential utility space and significant storage but would require a full renovation to become livable living space, such as a rec room or suite. This is a common feature in newer builds and offers a blank slate for future projects.
3. Is the lot size a concern?
The lot is smaller than the Winnipeg average. For buyers who prefer low-maintenance outdoor space or prioritize indoor square footage, this is an advantage. For those wanting extensive gardens, play areas, or greater privacy, it may be a limitation worth considering.
4. How does this home rank in its area?
The home ranks above average for size and value within the broader Fraipont neighbourhood and citywide, largely due to its new construction. On its own street (Mara Place), however, it sits closer to the average, meaning it’s consistent with the scale and caliber of nearby homes.
5. What are the likely ongoing costs given its age?
As a 4-year-old home, major structural components like the roof, windows, and furnace should be in good condition, potentially lowering near-term repair budgets. Owners should still budget for regular maintenance and the eventual updating of finishes and appliances as they age.