Property Overview: 231 Crestmont Drive, Winnipeg

Key Characteristics & Appeal

This is a modern, two-storey home built in 2020, offering a move-in-ready foundation in the Fraipont neighbourhood. With 1,433 sqft of living space and an attached garage, it presents a practical, low-maintenance layout. The basement is unfinished, providing a blank canvas for future expansion or storage.

The primary appeal lies in its contemporary construction within an established area, offering the benefits of a newer home (like modern building standards and systems) without being in a remote subdivision. Its assessed value of $390k is average for Winnipeg overall, but notably below average for its immediate street and neighbourhood. This suggests a potential value proposition for a buyer seeking a newer build in Fraipont at a relative price point.

This home would suit first-time buyers or downsizers looking for a modern, manageable property without major immediate renovations. It’s also a pragmatic fit for investors or buyers who appreciate the option to customize the basement later, as the core structure is recent and sound. A thoughtful perspective is that while the lot size is smaller than the city average, it translates to less yard upkeep, aligning with a modern, efficient lifestyle.

Frequently Asked Questions

1. Is this a good value for the neighbourhood?
The data indicates its assessed value is in the bottom tier for both Crestmont Drive and Fraipont, while the home itself is relatively new. This could represent a value opportunity compared to neighbouring newer homes, but it’s wise to investigate why this price variance exists.

2. What does the unfinished basement mean for me?
It offers flexibility. You’re not paying a premium for someone else’s finished layout and can design the space to your needs—whether as a rec room, home office, or additional bedrooms. However, it requires budgeting and planning to complete.

3. How does the living space compare to nearby homes?
At 1,433 sqft, it’s below the average for similar homes on its street and in Fraipont. This means it’s a more compact option, which may appeal to those seeking efficiency, but those needing more above-ground square footage should view the layout carefully.

4. The home is only 6 years old. Are there any major concerns?
Being built in 2020, major structural or system failures are unlikely. The focus would typically be on the quality of the initial construction and ensuring any builder warranties are transferred, rather than anticipating age-related repairs common in older homes.

5. What’s the community and lot like?
The very close proximity of similar neighbouring homes (8-23 meters away) suggests a typical modern subdivision feel with smaller lot sizes. This fosters a close-knit street atmosphere but offers less privacy and yard space than older, more established parts of the city.