Property Overview: 387 Crestmont Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is a modern property, built in 2023, offering a move-in-ready opportunity with minimal initial upkeep. Its key appeal lies in its balance of space, age, and value within its immediate context. With 1,524 sqft of living space, it sits comfortably around the average for its street and neighborhood, but ranks well above average citywide, suggesting a efficient use of space for an urban setting. The attached garage and full (though unrenovated) basement add practical utility.

The home’s standout characteristic is its newness. It ranks in the top 1% citywide for year built, meaning it offers modern construction standards, energy efficiency, and contemporary layouts that are rare across Winnipeg’s older housing stock. This is particularly appealing for buyers seeking to avoid the immediate repairs or major updates often needed in older homes.

This property would suit first-time buyers or young families looking for a modern home in a developed neighborhood without the wait and uncertainties of a new build. It also suits value-conscious buyers who appreciate that its assessed value is positioned solidly in the middle range for the area, indicating a stable, non-premium investment. A thoughtful perspective is that while the lot size is smaller than the city average, this translates to less exterior maintenance, which can be a hidden benefit for busy professionals.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to its neighbors?
The assessed value of $47,300 is very close to the street and neighborhood averages. This suggests it is priced consistently within Fraipont, neither under nor overvalued compared to immediate comparables.

2. What does the "unrenovated basement" imply?
The basement is finished but has not been updated since the home was built in 2023. It presents a clean, blank canvas. Buyers can use it as-is or plan future updates to suit their tastes, without the urgency or cost of addressing outdated or damaged finishes.

3. The home is newer than most on the street. What does that mean?
Built in 2023, this home is newer than approximately 80% of the properties on Crestmont Drive. This typically means modern building codes, better energy efficiency, and newer major systems (like HVAC and plumbing), potentially leading to lower maintenance costs in the short to medium term.

4. Is the living space sufficient for a growing family?
At 1,524 sqft, the living area is slightly below the current street average but above the overall city average. It represents a modern floor plan that may prioritize efficient design over sheer size. It is generally suitable for a small to medium-sized family, especially when combined with the basement space.

5. How stable is the value in this area?
The very similar sold prices and assessed values of nearby homes on Crestmont Drive (like 357 and 333 Crestmont) in the same year suggest a stable, consistent market for these modern properties in Fraipont, with less value volatility than in some areas.