Property Overview: 270 Whitehorn Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is a modern property, built just two years ago in 2024. Its key appeal lies in its new construction, offering move-in readiness and contemporary building standards without the need for immediate updates. The home features 1,566 sqft of living space, an attached garage, and a full (unrenovated) basement, providing a solid foundation for future expansion.

The property’s standout characteristic is its age. It ranks in the top 1% of homes in Fraipont and citywide for being newly built, a significant advantage in a market with an average home age dating back decades. While the living space is comfortably above the city average, the lot size is more compact, typical for newer subdivisions. This positions the home as a low-maintenance, modern living space rather than an expansive property.

It would suit first-time buyers or young families seeking a newer home without a premium price tag, as the assessed value is notably below average for the immediate street and neighbourhood. It’s also a practical choice for those who value modern infrastructure and efficiency over a large yard, and for buyers who see potential in utilizing or finishing the basement to increase liveable space over time.

Section 2: Frequently Asked Questions

1. Why is the assessed value below neighbourhood averages?
While newer builds often have higher assessments, this property’s value is positioned below local averages. This can sometimes reflect the specific market conditions at the time of assessment, the compact lot size relative to the area, or the interior finish level. It’s a key point to discuss with a local agent to understand the opportunity.

2. What does the "unrenovated basement" mean?
The basement is a full, unfinished space. It has been constructed as part of the new build (with foundation, walls, and utilities likely in place) but has not been developed into living quarters. This represents both a blank canvas for future projects and a current cost saving, as you are not paying a premium for finished square footage.

3. How does the lot size impact living here?
At 3,320 sqft, the lot is smaller than many in Winnipeg and below average for Fraipont. This means lower outdoor maintenance, but also limited space for large gardens, extensive play structures, or major additions. It emphasizes a low-maintenance, interior-focused lifestyle.

4. The home sold recently in 2024. What should I consider?
As a nearly new home, a recent sale suggests the first owner may have had a short tenure. It’s wise to inquire about the reason for the sale and request any available documentation on builder warranties that may still be transferable, which can be a valuable benefit.

5. How does this home compare to others on the same street?
On Whitehorn Crescent, this home is newer than most (top 9%) and has average living area, but sits on a slightly smaller lot with a lower assessed value. This indicates it may offer better modern condition and value per square foot compared to older, potentially renovated homes on the street.