Property Overview: 107 Mara Place, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modern, two-storey home built in 2023, offering a move-in-ready foundation in the Fraipont neighbourhood. Its key appeal lies in its balance of new construction benefits with a notably accessible price point. At 1,501 sqft, the living space is compact yet efficiently designed, ranking above average for the city overall but more modest compared to its immediate street and area. The property sits on a smaller, manageable lot (3,681 sqft), which translates to less yard maintenance.

The home is ideally suited for first-time buyers or downsizers seeking a modern, low-maintenance property without the premium often attached to brand-new builds. Its attached garage and unrenovated basement present a clean slate for future customization. A thoughtful perspective is that while it's one of the smaller homes on its street, this newer construction stands out in a city-wide context where the average home is decades older, offering contemporary systems and materials. The assessed value positions it as a relative value within Fraipont, suggesting potential for those prioritizing modern amenities in a established area over maximum square footage.

Section 2: Frequently Asked Questions

1. Is this a good value for the neighbourhood?
The data suggests it is. While the home's living area is below the street average, its assessed value is competitive for Fraipont. You are acquiring a much newer home (2023) compared to the area and city averages, which often justifies a different value proposition than square footage alone.

2. What does "basement, not renovated" mean?
It indicates the basement is unfinished. This is typical for newer builds and can be an advantage, allowing the next owner to customize the space to their needs—such as creating a rec room, home office, or additional bedroom—without first demolishing old finishes.

3. How does the lot size impact the property?
The lot is smaller than average for both the street and the city. This is a practical positive for those wanting minimal yard upkeep. However, it may limit options for large additions, decks, or landscaping projects compared to properties with larger lots.

4. The home sold recently in 2023; why is it back on the market?
While the specific reason isn't provided, the short ownership period is not uncommon for newer homes. Reasons can range from a change in the owner's job or family circumstances to a strategic investment sale. The recent sale price provides a very clear, modern benchmark for current value.

5. How does this home compare to the city-wide market?
Its newness is its standout city-wide feature. It ranks in the top 1% for year built across Winnipeg, where the average home was built in 1966. For buyers wanting modern construction, this is a significant advantage over the majority of the existing housing stock, even if the floor plan is efficient rather than expansive.