Property Overview: 198 Crestmont Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is a modern property, built in 2020, offering a move-in-ready foundation with a classic layout. Its key appeal lies in its above-average living space (1,699 sq ft) compared to both the immediate street and the wider city, providing generous room for a growing family or those who value spaciousness. The home features an attached garage and a basement (unrenovated), presenting a blank canvas for future expansion or storage.

The property’s strength is its balance and modernity within a newer neighbourhood context. While the lot size is more compact compared to city averages, this is typical for newer subdivisions and translates to less exterior maintenance. The assessed value is solidly positioned within its local market, suggesting a stable, established value without premium pricing for the area.

This home would best suit pragmatic buyers seeking a low-maintenance, modern build with ample interior space. It’s ideal for young families looking in newer communities or professionals who want a turnkey home without the worries of aging infrastructure. The unrenovated basement is a specific draw for buyers who want to customize additional living space to their own taste and timeline.

Section 2: Frequently Asked Questions

1. How does the lot size impact the property?
The lot is compact, especially compared to older Winnipeg neighbourhoods. This means smaller yard maintenance but also less private outdoor space. The trade-off is a newer home with more interior square footage on a efficiently sized plot.

2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($48,600) is for municipal tax purposes. Notably, it is above the citywide average for similar homes but aligns with the local Fraipont area. Recent sold prices on the same street suggest a competitive market, but the exact sale price for this property would be determined by current conditions.

3. What does the "unrenovated basement" imply?
It means the basement is finished to a basic, functional standard but lacks upgrades or custom finishes. It’s a usable space that offers great potential for future customization, from a simple rec room to additional bedrooms, without the need for a full excavation or structural work.

4. How does this home compare to others on Crestmont Drive?
The data shows this home has more living area than most on its street (top 25%) but is on a smaller lot (top 90%, meaning 90% of street lots are larger). It’s also slightly older than the street's average build year. This positions it as a spacier interior option on a street of very new homes, albeit with a more modest yard.

5. What are the less obvious considerations for a 2020 build?
A home from 2020 is past the initial "shakedown" period where major construction flaws might appear, yet it’s still under the coverage of many original builder warranties. Buyers should inquire about the transferability of any remaining warranties. Also, as one of the earlier builds on the street, its landscaping and trees may be slightly more established than next-door neighbours.