Property Overview: 16 Crimson Way, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modern, two-storey home built in 2018, offering a move-in-ready foundation in the Fraipont neighbourhood. Its key appeal lies in its contemporary age, which means fewer immediate concerns about major aging systems compared to much of Winnipeg's older housing stock. With 1,366 sqft of living space, it provides a practical layout that is average for its immediate street and the city overall, but notably compact within the Fraipont area.

The home’s most distinctive characteristic is its financial profile. It presents a lower-than-average assessed value for both its street and neighbourhood, which could signal an accessible entry point into a newer build. This combination—a recent build with a modest valuation—creates a unique niche. It would suit first-time buyers or practical downsizers who prioritize modern construction basics over size, and value-seekers who are comfortable with a home that has a smaller land footprint (the lot is below average for the area) and no garage. It’s a home for those who see a newer structure as the primary asset, rather than extensive square footage or premium lot size.

Section 2: Frequently Asked Questions

1. Why is the assessed value notably lower than neighbours on the same street?
While specific reasons aren't listed, a lower assessment can stem from several factors, including the home's smaller living area and land size compared to street averages, a basement that is noted as "not renovated," and the lack of a garage. It may reflect a simpler finish level or specific market adjustments.

2. What does "basement, yes, not renovated" imply?
This indicates the home has a basement, but it is in an unfinished or basic state. It provides valuable storage and mechanical space, and offers potential for future living space, but would require a significant investment to finish.

3. How does the lack of a garage affect daily living and value?
It means all vehicle parking will be on the driveway or street. This is a practical consideration for Winnipeg winters and security. The absence of a garage often contributes to a lower assessed value and can be a key factor for buyers to weigh against the benefit of the home's newer construction.

4. The home sold in 2023. What can that price range tell me?
The sold price range from August 2023 provides a recent market benchmark. Comparing it to the current assessed value can help gauge market trends and municipal valuation. It’s a critical data point for understanding how the market has previously priced this specific property.

5. Is the smaller land area a major concern?
It depends on your lifestyle. The yard will be compact, limiting extensive landscaping, gardening, or large outdoor recreation space. For those seeking low-maintenance outdoor living, it can be a benefit. For families or those wanting spacious private outdoor areas, it is a significant consideration.