Property Overview: 106 Lucerne Place

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2020, offers modern living with a renovated basement and an attached garage. Its key appeal lies in its balance of being a newer, low-maintenance property within a well-established context. At 1,662 sqft, the living space is above average for Winnipeg overall, providing comfortable room for a family, yet it feels proportionate and efficient compared to some larger suburban homes.

The property’s value is underscored by its assessed value, which ranks above average both in the Fraipont neighbourhood and citywide. This suggests a solid investment in a desirable area. The lot size of 4,075 sqft is typical for the street and neighbourhood, offering manageable outdoor space without excessive upkeep.

This home would best suit buyers seeking a turn-key, modern property who want to avoid the immediate repairs or updates often needed in older homes. It’s ideal for young families or professionals looking for a move-in-ready space in a community of similar, newer builds. A thoughtful perspective is that this property offers the benefits of a new build (modern systems, layout, and finishes) but in a neighbourhood that has already begun to mature, providing more established greenery and community cohesion than a brand-new subdivision.

Section 2: Frequently Asked Questions

1. How does this home compare in size to others in the area?
While the living area is slightly below the average for Lucerne Place itself, it is squarely around the average for the broader Fraipont neighbourhood and is actually above the average living area for homes across the entire city.

2. Is the assessed value a good indicator of the property’s market position?
Yes. The assessed value of $52.50k places this home above average for both Fraipont and Winnipeg, indicating it is viewed as a higher-value property within these markets.

3. What are the benefits of a 2020 build year?
A home built in 2020 is modern, likely featuring current building codes, energy efficiency standards, and contemporary floor plans. It should also come with several years of remaining warranty coverage on major components, reducing near-term repair risks.

4. How does the lot size impact the property?
The lot is consistent with the neighbourhood standard. It provides adequate private outdoor space for gardening or recreation while keeping yard maintenance manageable—a practical balance for many buyers.

5. What can the 2020 sale price range tell me?
The initial sale price range (36.50k ~ 39.50k) provides a benchmark. Comparing it to the current assessed value can help illustrate how the property’s value has been perceived to appreciate over a few years, reflecting the area’s desirability and market trends.