Property Overview

This two-storey home at 308 Crestmont Drive in Fraipont is a modern, above-average offering in a neighbourhood of newer builds. Its primary appeal lies in its combination of recent construction, spacious interior, and strong standing relative to its immediate area. Built in 2023, it requires little immediate upkeep and offers a move-in-ready canvas. With over 2,050 sqft of living space, it ranks in the top 3% for size on its own street, providing more room than most comparable homes nearby. The attached garage and full (though unrenovated) basement add practical utility. The lot is a manageable size, typical for the street but smaller than the citywide average, suggesting a lower-maintenance yard.

This property would suit buyers looking for a modern home in a developing area who prioritize interior space and new construction over a large, established garden. It’s ideal for professionals or young families seeking a home without the hidden issues or major renovation projects of an older property. Its above-average assessed value for the street and area indicates a perceived quality and desirability that may appeal to value-conscious investors or buyers looking for a home with strong fundamentals in its micro-market.

Frequently Asked Questions

How does the home’s size truly compare?
While the living area is generous for Crestmont Drive (top 3%), it is more in line with the upper tier of the broader Fraipont area (top 10%). This suggests you get significant space for the immediate neighbourhood, which is full of similar newer homes.

What does the "unrenovated basement" imply?
The basement is finished but not updated. It offers functional space as-is, but presents a straightforward opportunity for future customization or modernization to add value, without the cost or mess of an initial excavation and build-out.

Is the assessed value a reliable indicator of the selling price?
The assessed value ($54.90k) is a municipal tax valuation, not a market price. However, its ranking—consistently above average for the street, area, and city—signals that the property is considered a higher-value asset within these groups, which often correlates with market demand.

What is the neighbourhood context?
Crestmont Drive appears to be a street of very similar, recently built homes. Recent sales data for neighbouring homes (like 333 and 357 Crestmont) shows consistent values and builds from 2023, indicating a uniform, modern streetscape without older, outlier properties.

Why is the land area noted as "below average" citywide?
The lot is under 4,100 sqft, which is smaller than the Winnipeg average of over 6,500 sqft. This reflects the denser lot patterning of newer subdivisions compared to older city neighbourhoods. It means less yard maintenance but also less private outdoor space.