Property Summary: 49 Crimson Way, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont offers a practical blend of modern convenience and solid value. Built in 2018, it provides the benefits of a relatively new construction, including likely modern building standards and systems, without the premium of a brand-new build. Its key strength is its balanced, above-average metrics across the board: at 1,822 sqft, the living space is notably larger than most comparable homes on its street and in the wider city. The lot size of 4,438 sqft is also generous for the immediate area, offering good outdoor space.

The appeal lies in its position as a well-proportioned, low-maintenance family home in an established neighbourhood setting. It features an attached garage and a full basement (unrenovated, presenting a blank canvas for future expansion). The data suggests it’s a home that performs reliably well against local benchmarks rather than being an extreme outlier, which can be a sign of stable, enduring value.

This property would best suit pragmatic buyers—growing families or professionals—seeking a move-in-ready home with modern efficiencies and room to grow. It’s ideal for those who prioritize more interior and yard space over an ultra-urban location or luxury finishes. The unrenovated basement is a specific draw for buyers who view customization as a benefit, not a drawback.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to the area?
The assessed value is above average for the street and city-wide, but around the average for the broader Fraipont area. This indicates you’re getting a home that stands out on its specific block in terms of size and value, while being priced in line with the neighbourhood norm.

2. What does the sold price history indicate?
The home sold in mid-2023 for between $595,000 and $625,000. This placed it in the top 6-9% of comparable sales at that time, suggesting strong market performance and buyer competition when it last transacted.

3. Is the basement finished?
No, the basement is not renovated. This is a key consideration: it adds immediate utility for storage or laundry, but represents both future potential and a potential project for living space expansion.

4. How does the lot size compare?
The lot is above average for Crimson Way and around average for Fraipont, but is smaller than the typical city-wide average. This means you have a very good-sized yard for the immediate community, though it may not be as large as those found in older, more suburban parts of Winnipeg.

5. What is less obvious about this property’s data?
While the home is newer city-wide (top 4%), it’s actually slightly older than the average for Fraipont. This suggests the neighbourhood has seen recent development, but this home is part of an earlier phase, potentially offering more mature landscaping and settled construction compared to newest lots. Its consistent “above average” rankings across different metrics show a balanced profile without a single weak point.