Property Overview: 110 Mara Place, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is a modern property, built in 2023, offering move-in readiness and contemporary construction standards. Its key appeal lies in its above-average scale and premium positioning within its market. With over 2,000 sqft of living space, it sits in the top third of homes on its own street and the top 10-11% within both the neighbourhood and the entire city. It is situated on a large lot (nearly 7,900 sqft), which ranks in the top 4% for size in Fraipont, offering significant outdoor space rarely found in newer builds.

The home features a renovated basement and an attached garage. Its assessed value places it in an elite tier city-wide (top 5%), suggesting a quality of finish and desirability that outpaces most of the market. This combination of new construction, spacious interiors, and a generous lot makes it a standout.

This property would ideally suit buyers looking for a modern home without the wait of new construction, who value ample indoor and outdoor space for a growing family or entertaining. It’s also a strong fit for those seeking a property with strong fundamental metrics (size, lot, age, value assessment) that compare favourably across the board, indicating a sound long-term investment in a desirable neighbourhood.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it consistently outperforms averages. It’s not just newer than most city homes; its living space is larger than 90% of Winnipeg homes and its lot size is larger than 96% of homes in Fraipont. It’s a premium offering within an already well-regarded neighbourhood.

2. What does the "Elite" assessed value ranking mean?
An assessed value in the top 5% city-wide indicates the municipal assessment—used for calculating property taxes—is significantly higher than the typical Winnipeg home. This generally reflects the property’s modern build, size, and lot, but it’s wise to factor this into your budget for potential property tax implications.

3. The sold price history shows a range. What’s the exact figure?
The listed sold price is an estimated range from public data. For the precise sale price from September 2023, you can request it directly via the email link provided on the listing page. This helps verify the property’s recent market value.

4. Is the renovated basement included in the living area square footage?
Typically, the 2,031 sqft living area refers to above-grade, finished space. The renovated basement would be additional square footage, adding functional living space not reflected in that primary metric.

5. What are the less obvious considerations with a 2023 build?
While offering modern efficiency and minimal immediate repairs, it’s in the earliest years of its lifecycle. Consider the builder’s reputation and the remaining warranty coverage. Also, as one of the newest homes on the street, future appreciation may align more closely with general market trends rather than the value "pop" of an older home being renovated.