Property Overview: 28 Crimson Way, Winnipeg

Key Characteristics & Appeal

This two-storey home at 28 Crimson Way is a practical, modern property built in 2018. With 1,366 sqft of living space, it sits comfortably around the city-wide average for size, offering a manageable layout for everyday living. Its assessed value of $430K is also around the city-wide median, positioning it as a straightforward, mid-market option. The home includes a detached garage and a full, unrenovated basement, presenting a blank canvas for future customization.

The appeal here is one of balance and potential. It’s a relatively new build in the Fraipont neighbourhood, meaning major systems are likely in good shape, offering move-in readiness with lower immediate maintenance concerns. Its lot, while smaller than many in the city, is typical for newer subdivisions. This property would suit first-time buyers or small families looking for a modern home without a premium price tag, or investors seeking a newer asset with a stable, average valuation. A thoughtful perspective is that its "around average" metrics across key categories could be a strength—it avoids the extremes of being over-improved for the area or requiring major updates, making it a sensible and predictable choice.

Frequently Asked Questions

1. How does this home compare to others on its street and in Fraipont?
Within the immediate area, the home’s living space is slightly below the local average, while its assessed value is also positioned below the average for comparable homes on Crimson Way and in the Fraipont neighbourhood. This suggests it may offer a value-oriented entry point into a community of generally larger, higher-valued homes.

2. What does the "unrenovated basement" mean?
The basement is finished as living space but has not been updated since the home was built in 2018. It’s functional and adds to your total liveable area, but cosmetics or layout may reflect original builder-grade finishes, allowing you to personalize it to your taste over time.

3. The sold price history shows a sale in 2021 for roughly $41.5K-$44.5K. Why is the assessed value now $430K?
The figures from 2021 are presented in thousands (e.g., 41.50k = $41,500). This was likely the initial purchase price from the builder for the pre-construction or new home. The current $430K assessment reflects its market value after completion and several years of market movement.

4. Is the smaller lot size a concern?
The lot is under 3,300 sqft, which is significantly smaller than the Winnipeg city-wide average. This means less yard for gardening or expansive outdoor recreation but typically translates to less maintenance. It aligns with the standard for newer subdivision homes where density is higher.

5. You mention the home is "around average" city-wide. What are the advantages of that?
Homes with metrics near city averages often have a broad buyer pool, which can be beneficial for future resale. They are less likely to be over- or under-valued relative to the wider market, providing a stable, middle-ground investment without the niche appeal or potential drawbacks of more unique properties.