Property Overview & Key Characteristics

68 Ullswater Way presents a unique opportunity in Winnipeg's Fraipont neighbourhood. Its primary appeal lies in its substantial 4,870 sqft lot, which ranks within the top 25% on its street and the top 19% within the broader neighbourhood. This suggests a property with above-average outdoor space and potential in a well-regarded area. The home itself, based on comparative data, appears to be one of the newer builds on its street and within Fraipont, indicating modern construction standards.

The property’s assessed value is notably lower than many recent builds in the area, as seen in the comparison list. This combination of a newer home on a larger-than-average lot at a lower assessed value point creates a distinct profile. It would likely suit value-conscious buyers, such as first-time homeowners or investors, who prioritize land size and modern infrastructure over immediate luxury finishes. It's also a candidate for buyers with a vision for gradual upgrades, where the foundational assets—land and a newer structure—are already in place.

Frequently Asked Questions

1. Why is the assessed value significantly lower than nearby newer homes?
While newer, the assessed value reflects the municipality's valuation for tax purposes, which considers many factors. The difference suggests this property may have different features, finishes, or square footage than the higher-valued comparables, presenting a potentially more accessible entry point into a desirable neighbourhood.

2. What does the lot size ranking actually mean for me?
Ranking in the top 25% on the street and top 19% in Fraipont for lot size means your outdoor space is more generous than most properties around you. This offers greater privacy, room for landscaping, gardening, or additions like a deck or shed, which is a growing priority for many buyers.

3. The listing shows "—" for details like living area and year built. How can I get this information?
Core specifics like square footage and exact year of construction are not populated in this data feed. These are key details to request directly from the listing agent to fully understand the home's layout and condition.

4. There's no garage listed. Is that correct, and what are the parking options?
The data specifies "Garage: None." This means on-site parking would likely consist of a driveway. Confirming the driveway's capacity and any street parking regulations with the agent or city is an important practical step.

5. The comparable "For Reference" properties have much higher values. Is this a concern?
Not necessarily. These comparables help define the upper range of the market in Fraipont. This property's position highlights its different value proposition. It underscores the importance of a viewing to understand the condition and features that account for the valuation difference, which could represent a strategic opportunity.