Property Overview: 110 Lucerne Place, Fraipont

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2020, offers modern living in Winnipeg’s Fraipont neighbourhood. With 1,743 sqft of living space and an attached garage, it represents a practical, move-in-ready family home. Its key appeal lies in its balance of being newer construction within an established context—it’s a contemporary home without being in a brand-new, still-developing subdivision.

The property’s metrics reveal thoughtful nuances. While its living space is above average citywide, it sits around the median for its immediate street and neighbourhood, meaning it fits right in without standing out. The assessed value tells a similar story: it’s above average compared to the entire city but is positioned below average on its own street. This could suggest an opportunity for value-conscious buyers looking in a newer, desirable area, where the home may offer more modern amenities than the city average but at a relative value within its own peer group. The lot size is standard for the area, catering to those who prefer manageable outdoor space with less maintenance.

This home would suit first-time buyers or young families seeking a modern layout without the wait or uncertainties of a new build. It’s also a strong match for pragmatic buyers who value newer mechanical systems (like HVAC and roofing) and want to avoid immediate major renovations, as the basement is noted as not being renovated, presenting a blank canvas for future expansion.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s assessed value is below the average for Lucerne Place but aligns with the average for the broader Fraipont area. This indicates you may get a relatively newer home (2020) at a value position compared to its immediate neighbours, while still being in a consistent and desirable neighbourhood.

2. Is the property size typical for the area?
Yes. The living area and land area are both consistently around the average for both the street and Fraipont. You’re getting a standard-sized home and lot for this specific community, which is notably larger than the average Winnipeg home.

3. What does “basement not renovated” imply?
The basement is finished but has not been updated. It provides functional space as-is but represents a clear opportunity to customize and add value according to your own taste and needs in the future.

4. How does the year built affect its standing?
Built in 2020, this home is modern compared to the Winnipeg city-wide average (1966), placing it in the top 3% for age. On its street and in Fraipont, it’s average, as many homes were built around the same time. This means you benefit from newer construction while being in a settled, cohesive neighbourhood.

5. What can recent sales data tell me?
A nearby, very similar home at 59 Eau-Claire Drive (built 2021, 1,735 sqft) recently sold and has a significantly higher assessed value. This contrast suggests that specific upgrades, finishes, or lot premiums can greatly influence value in this area, highlighting the importance of viewing comparable properties in person.