Property Overview: 296 Crestmont Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is a modern, low-maintenance property built in 2023. Its key appeal lies in its balance of being a newer build within an established neighbourhood context. With 1,576 sqft of living space and an attached garage, it offers a practical layout for everyday living.

The home’s standout characteristic is its relative newness. Being only three years old city-wide places it in an elite category compared to Winnipeg’s typically older housing stock, suggesting modern building standards, energy efficiency, and minimal immediate repair needs. Its assessed value and living area are consistently above average for the city, yet are very typical for its immediate street and the Fraipont area. This indicates you’re getting a solid, contemporary home that fits seamlessly into its local market without overpaying for size or premium.

It would suit first-time buyers or young families seeking a move-in ready home without the worries of aging infrastructure. It also appeals to downsizers looking for a modern, single-family home with less upkeep than a much older property. The lot size is smaller than the city average, which translates to less yard work—a plus for some, but a consideration for those wanting extensive outdoor space.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it’s a very median home for Crestmont Drive and Fraipont in terms of size, value, and lot. Its primary differentiator is its newer age (2023) compared to many area comps, offering modern construction in a settled neighbourhood.

2. What does the "above average" city-wide ranking mean for resale?
While the home is newer and larger than the Winnipeg average, its value is ultimately anchored to its local market in Fraipont. Its strong city-wide metrics are a positive signal of its inherent quality, but future price movements will likely follow local trends.

3. Is the smaller lot size a disadvantage?
It depends on your lifestyle. The lot is below the city average but typical for the area. It means less maintenance and lower landscaping costs, which is a benefit for many. However, it may limit potential for large additions or extensive outdoor recreation space.

4. The home sold recently in late 2023. What should I consider?
As a nearly new home, its previous sale price is a very relevant current market indicator. It suggests the property hasn’t had time for significant depreciation or major wear. Requesting the exact sold price history provides a crucial benchmark for today’s value.

5. What are the less obvious pros and cons of a home like this?
A significant pro is predictability: systems, windows, and the roof are all under warranty or have decades of life left, shielding you from major unexpected costs. A potential con is character; newer homes in established areas sometimes lack the mature trees and customized landscaping of older properties, which can take years to develop.