Property Overview: 46 Lucerne Place, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2020, offers modern living in Winnipeg's Fraipont neighbourhood. Its key characteristics include 1,659 sqft of living space, an unrenovated basement, and an attached garage on a 4,408 sqft lot. The home’s primary appeal lies in its balance of being a relatively new build—which means modern construction standards and minimal immediate maintenance—with a value-oriented position in its immediate area. While its living space and assessed value are below the average for Lucerne Place itself, they are competitive within the wider Fraipont area and stand well above the Winnipeg citywide average for size. This creates an interesting dynamic: it’s a newer, above-average-sized home for the city that presents a more affordable entry point on its own street.

This property would suit first-time buyers or young families seeking a modern home without the premium price tag of the most prominent lots in the area. It’s also a practical choice for value-conscious buyers who prioritize the benefits of a recent build (like energy efficiency and contemporary layouts) and are comfortable with a basement that offers potential for future customization.

Section 2: Frequently Asked Questions

1. Is this a good value for the neighbourhood?
The data suggests it is positioned as a value option within Fraipont. Its assessed value is near the neighbourhood average, but you get a home that is newer than most in Winnipeg and larger than the typical city home, indicating potential value relative to the broader market.

2. What does "basement, not renovated" imply?
The basement is finished but in its original state from the 2020 build. It’s functional and clean, but may lack personalized upgrades. This can be a positive, allowing you to finish it to your taste without needing to undo previous renovations.

3. How does the lot size compare?
At just over 4,400 sqft, the lot is fairly typical for newer subdivisions in Winnipeg. It’s slightly smaller than the average on its street and in Fraipont, but very close to the neighbourhood norm. It provides standard outdoor space for a newer community.

4. The home sold in 2020 and again in 2023. Is that a concern?
The two sales in a short period are not inherently negative. Given the build year of 2020, the first sale was likely from the builder. The 2023 sale could reflect a typical relocation. The sold price increased between those dates, which aligns with market trends of the time.

5. Why is the assessed value so much lower than the citywide average?
This is a common point of confusion. The "average" citywide assessed value includes all property types and ages across Winnipeg. This home’s assessment is compared against a filtered group of "comparable homes." Its assessment is actually above average for that citywide comparable group, which is a positive indicator of its value relative to similar properties.