Property Overview: 24 Geneva Lane, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2018, presents a modern, low-maintenance living option in the Fraipont neighbourhood. Its key appeal lies in its balance of being a relatively recent build with a renovated basement, offering move-in-ready space without the concerns of an older property. The detached garage adds practical storage or workshop potential.

The home’s standout characteristic is its strong assessed value relative to its immediate area, ranking in the top 16% on its street. This suggests it is viewed as a solid asset within its micro-market. While its living space (1,437 sq ft) and lot size are fairly standard for the street but smaller than the broader Fraipont average, this translates to less exterior upkeep—a notable point for busy professionals or those seeking a manageable yard.

This property would suit first-time buyers or downsizers looking for a modern home in a quiet, established lane setting without needing a major renovation. It’s also a pragmatic choice for value-conscious buyers who prioritize a strong assessment and newer construction over a larger lot size. The renovated basement immediately adds flexible living space, making it suitable for a growing family, a home office, or a recreational area.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to the area?
The home’s assessed value is notably strong on its own street (top 16%) and above average citywide. In the broader Fraipont area, it sits around the average. This indicates a well-regarded property in its immediate context.

2. Is the lot size a concern?
The lot is smaller than the typical Fraipont property. This means less yard maintenance, which can be a benefit, but also less private outdoor space. For buyers prioritizing a large garden or expansive deck, it may feel limited.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. We recommend inquiring about the quality of the renovation, whether it includes a bathroom or kitchenette, and if proper permits were obtained.

4. The home sold in late 2022. What does that recent sale history indicate?
A sale within the last few years suggests a motivated seller may not have built up significant equity, potentially affecting negotiation flexibility. It also means the major systems are likely still under any original builder warranties.

5. How does the living space feel for a family?
At 1,437 sq ft, it’s a practical size for a small to medium family. The two-storey design typically offers good separation between living and sleeping areas. The renovated basement effectively adds a second living zone, which can help the home feel more spacious than the above-ground square footage alone suggests.