Property Overview: 16 Geneva Lane, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is a modern property, built in 2019, offering a move-in-ready foundation with room for personalization. Its key appeal lies in its balance of contemporary age and manageable scale. The 1,468 sqft living space is comfortably average for its immediate street and the wider city, suggesting a practical layout for everyday living. A notable characteristic is the home's assessed value, which positions it above average citywide—a point for buyers to consider in their financial evaluation.

The property suits first-time buyers or downsizers seeking a newer build that minimizes immediate concerns about major aging systems or renovations. The existing, unfinished basement presents a clear opportunity for future expansion or customization to add value. It’s a home for pragmatic buyers: those who appreciate a newer construction's efficiency and low maintenance, but who are also comfortable with a property that has a smaller-than-average lot and a baseline finish level, seeing these as trade-offs for the modern build date and solid fundamentals.

Section 2: Frequently Asked Questions

1. Is this a good value compared to the neighborhood?
The data presents a mixed picture. The home's assessed value is below the Fraipont neighborhood average but above the Winnipeg citywide average. This suggests it may be priced more accessibly within its specific area while still holding solid value in a broader context.

2. What does "basement not renovated" mean?
It indicates the basement is unfinished. It’s a blank canvas with essential structural and utility work complete (like foundation, plumbing rough-ins), but it lacks finished walls, floors, and ceilings. This is a common state for newer homes and represents both a project and an opportunity to add living space.

3. How does the lot size impact this property?
The land area is notably smaller than most lots on its street, in Fraipont, and across Winnipeg. This means less outdoor space for gardening, play, or expansion. However, it typically translates to less yard maintenance, which can be a positive for those seeking a low-upkeep property.

4. The home sold recently in 2024; what does the price history indicate?
The sold price range from April 2024 shows significant appreciation from its first sale in 2019. This recent transaction provides a concrete, modern benchmark for current market value, making it a crucial data point for any offer.

5. Who might this property not suit?
It may not be ideal for buyers who prioritize a large private yard, need extensive finished space immediately, or are looking for a fully updated, turn-key home where no projects are anticipated. The detached garage also requires considering exposure to the elements during Winnipeg winters.