Property Overview: 29 Crimson Way, Winnipeg

Key Characteristics & Appeal

This two-storey home in Fraipont is a modern, above-average property that stands out for its size and condition within its immediate neighborhood. Built in 2019, it offers nearly 2,000 sqft of living space, placing it in the top tier (top 4%) of homes on Crimson Way for square footage. The home features a renovated basement and an attached garage. Its assessed value is also notably high for the street, ranking first among 27 comparable properties. The lot is a standard size for the area at just over 4,000 sqft.

The primary appeal lies in acquiring a relatively new, spacious home in a neighborhood of similar properties, with the value-added benefit of a finished basement. It suits buyers looking for a move-in-ready, modern build who want more interior space than is typical on the street, without the upkeep of an older home. A thoughtful perspective is that while the lot is average for the suburb, it is below the city-wide average, making this property ideal for those who prioritize low-maintenance outdoor space and a larger interior footprint over a sprawling yard.

Frequently Asked Questions

1. How does this home’s value compare to recent sales?
A nearby, similar reference property at 166 Evelyne Reese Blvd (built 2021, slightly smaller) sold in late 2021 for between $575,000 and $605,000. The assessed value of 29 Crimson Way is higher, suggesting it may be positioned at a premium.

2. What does the "top 4%" ranking for living area mean?
This means that, compared to other similar homes on Crimson Way, this house has more living space than 96% of them. It is the largest of the 27 comparable properties used in the comparison on that street.

3. Is the basement included in the listed living area?
Typically, the 1,973 sqft living area refers to above-grade space. The listing separately notes the basement is renovated, meaning it provides additional finished space not reflected in the primary square footage figure.

4. Why is the city-wide assessed value comparison so different?
The city-wide average for "comparable homes" is noted as $390k, which seems inconsistent with the local data. This may be a typographical error in the source data, as the assessed value for this property and in the local area is in the $560k range. Relying on the street and neighborhood comparisons (top 4% and top 15%, respectively) provides a more accurate benchmark.

5. How can I find out the exact historical sale price?
The exact sold price history is not publicly displayed. The listing service offers to provide this information manually via email upon request, at no cost and with no marketing spam.