Property Overview

This 1,325 sqft one-storey home at 64 Thelon Way in Winnipeg’s Fraipont neighbourhood presents a specific, value-oriented profile. Built in 2019, it is a relatively new construction in a city where the average home is significantly older. It features an attached garage and sits on a 4,399 sqft lot, which is notably larger than many lots on its own street. The home’s assessed value is modest, especially compared to the wider city average, and the living area is compact relative to other homes in the immediate area.

Key Characteristics & Appeal

The primary appeal of this property lies in its balance of newness, lot size, and a below-average tax assessment for a modern build. Its 2019 construction means major systems like roofing, HVAC, and windows are under a decade old, offering move-in readiness and predictable maintenance costs for the near future. While the living space is efficient, the above-average lot size for the street provides valuable outdoor space and potential for expansion or landscaping, a less common find in newer subdivisions.

This home would suit first-time buyers or downsizers seeking a modern, low-maintenance property without a premium price tag. It’s also a practical fit for investors looking for a newer rental property with a stable assessment. The data suggests it offers more value per dollar within its own neighbourhood context, making it a sensible choice for a budget-conscious buyer who prioritizes the condition of the home and outdoor space over sheer square footage.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessment is based on a mass appraisal system comparing similar properties. While the home is new, its value is calibrated against other typically smaller, modest homes in the Fraipont area, resulting in a lower municipal assessment than the city's broader, higher average.

2. Is the smaller living area a concern?
At 1,325 sqft, the home is compact, especially compared to nearby comparables. This makes for efficient, easier-to-maintain living space. Buyers should consider if the layout meets their needs, as the newer build may offer a more functional use of space than older, larger homes.

3. What does the lot size mean for me?
The 4,399 sqft lot is larger than many on Thelon Way. This provides a more generous backyard than neighbours might have, room for a garden, patio, or shed, and could be a long-term asset for privacy or future outdoor enjoyment.

4. The basement is noted as "not renovated." What should I expect?
This typically means the lower level is unfinished or in a basic, builder-grade state. It presents usable storage or utility space but offers the opportunity and cost to finish it later to add living area, according to your own preferences and budget.

5. How does the 2019 build date affect things?
A home from 2019 is still under warranty for some major components, and all systems (electrical, plumbing, insulation) will be to modern building codes. This translates to energy efficiency and reduced likelihood of major, immediate repair expenses compared to an older home.