Property Overview: 9 Bow Water Drive, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fraipont is a modern, above-average property built in 2020. Its primary appeal lies in its combination of new construction, generous space, and a premium position within its market. With 2,170 sqft of living area and a renovated basement, it offers substantial room for a growing family or those who value space. The attached garage and a land area of over 5,700 sqft add practical utility and outdoor potential.
The data reveals a compelling narrative: this home isn't just large; it's a standout. Its assessed value places it in the elite top 2% for both the Fraipont area and Winnipeg citywide, indicating a property that is highly valued relative to its peers. While it's a newer home on its street, it fits the average age for the neighbourhood, suggesting it's in a well-established, desirable area that has seen recent development. This property would ideally suit buyers looking for a move-in ready, modern home without sacrificing lot size, and for those who see value in a home that metrics confirm is a top-tier asset within its community.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $799,000 is a strong benchmark for municipal taxation, but market conditions ultimately determine sale price. Given its elite ranking, it suggests a premium property, but a current market evaluation is recommended.
2. What is the neighbourhood of Fraipont like?
Fraipont is an established Winnipeg neighbourhood. The data shows this home is newer than the citywide average but aligns with the area's average year built, indicating a mature community with pockets of newer construction, often appealing for its established amenities and streetscapes.
3. Is the basement renovation reflected in the assessment?
The listing notes a renovated basement, which is likely a contributing factor to the home's high assessed value and living area. It's advisable to confirm the scope of renovations, required permits, and how they are classified in the official assessment.
4. The home sold in early 2021. What does that past sale indicate?
The 2021 sale price range provides historical context from the previous market. Its significant value increase since then, as reflected in the current assessment, highlights market appreciation and the property's upward trajectory, though past performance doesn't guarantee future results.
5. How does the lot size compare to typical city lots?
At 5,773 sqft, the lot is above average for both its street and Fraipont, offering more private outdoor space than many nearby properties. Citywide, it's around the median, providing a balanced, manageable yard without being overly expansive.