Property Overview: 28 Geneva Lane, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is a modern property, built in 2019, offering a move-in-ready foundation without the need for immediate updates. Its key appeal lies in its balance of contemporary construction and manageable scale. With 1,468 sqft of living space, it sits comfortably around the average for its immediate street and the wider city, suggesting a practical, efficient layout rather than an oversized one.

The home’s standout characteristic is its age; it is among the newest on its street and in the entire city, which typically translates to modern building standards, energy efficiency, and less near-term maintenance worry. It features a detached garage and an unfinished basement, presenting a clean slate for future customization or storage. The lot, while smaller than many in the Fraipont area and city-wide, offers a low-maintenance yard.

This property would suit first-time buyers or downsizers seeking a modern home in a quiet lane setting without the premium often attached to brand-new builds. It’s also a sensible fit for pragmatic buyers who value newer infrastructure and see the unfinished basement as an opportunity, not a drawback. A less obvious perspective is its assessed value positioning: while modest for the neighbourhood, it ranks above average city-wide, hinting at solid fundamental value in a Winnipeg context.

Section 2: Frequently Asked Questions

1. Is this a good value for the neighbourhood?
The assessed value is below the Fraipont average, which can indicate a more affordable entry point into the area. However, the home is newer than most on the street, suggesting you are paying for modern construction in a neighbourhood with older housing stock.

2. What does the unfinished basement mean for me?
It provides flexibility. You can use it for storage as-is, or finish it later to add significant living space and value, allowing you to customize it to your needs and budget over time.

3. How does the lot size impact the property?
The land area is smaller than many Winnipeg lots. This means less yard maintenance, which is a benefit for those seeking simplicity, but less space for extensive gardening, play structures, or future expansions like a large deck.

4. The home sold recently in 2023. What does that indicate?
The relatively quick resale could be due to many normal life circumstances. The sold price range from 2023 provides a very recent market benchmark, which is valuable for understanding current value.

5. Are the property taxes likely to be high?
The assessed value is the basis for property taxes. While above the city median, it is below the neighbourhood average, so taxes should be moderate for this area of Winnipeg.