Property Overview: 12 Thelon Way, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont presents a compelling blend of modern build quality and above-average space. Built in 2019, it is a notably newer property compared to the typical Winnipeg home. Its key strength lies in its generous proportions: at 1,800 sq ft, the living area is well above average for the street, neighbourhood, and city. This is complemented by a substantial 5,398 sq ft lot, which is among the largest on Thelon Way, offering significant outdoor potential.

The appeal here is grounded in move-in readiness with room to grow. The home is modern enough to avoid major immediate renovations, yet the unrenovated basement presents a clear opportunity for future customization. The attached garage and larger-than-typical lot for the area add practical value. This property would best suit a buyer looking for a family home in a developing neighbourhood who values space over flash—someone comfortable with a home that is functional and solidly built, with the land and floor plan to support future projects or simply provide ample room for living.

A less obvious perspective is the value of its "statistical" standing. The data shows it consistently ranks above average in key metrics (size, lot, age) within its immediate context, suggesting it was a premium offering on its street when built. This positions it as a strong contender within its peer group, not just a generic newer home.

Section 2: Frequently Asked Questions

1. What does "basement, not renovated" mean?
It indicates the basement is unfinished or in its original builder state. It’s a blank canvas, which can be an advantage for customizing the space to your needs, but it requires planning and budget for development.

2. How does the assessed value relate to the likely selling price?
The assessed value ($49.5k) is for municipal tax purposes and is typically far below market value. Market price is determined by recent sales of comparable homes, location, and current demand. Refer to the provided sold price history for a better guide.

3. The home sold in 2019. What does that history tell me?
The previous sale was likely the original purchase from the builder. The price range from that sale ($37.5k - $40.5k) reflects the initial purchase price, not its current market value, which will be influenced by market changes and the home's aging over 7 years.

4. Is the lot size a major advantage?
Yes, particularly in this context. The lot is in the top 3% on Thelon Way, meaning you have more private outdoor space than most of your direct neighbours. This allows for larger gardens, play areas, or future additions like a deck or shed.

5. What are the trade-offs for a newer home in this area?
While you benefit from modern construction and systems, newer neighbourhoods can have less established landscaping and community character. The value is in the physical asset—the structure and land—rather than in mature trees or a long-established streetscape.