Property Overview: 78 Lucerne Place, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is a modern property, built in 2019, offering a move-in-ready foundation with room for personalization. Its key appeal lies in its balance of space, age, and location value. With 1,862 sqft of living area, it provides above-average space for the city and the neighbourhood, comfortably accommodating a growing family. The home features an attached garage and a full, unfinished basement—a practical blank canvas for future expansion or storage.

The property’s strength is its relative newness in a city-wide context, ranking in the top 4% for year built compared to Winnipeg's older housing stock. This suggests modern building standards, energy efficiency, and minimal immediate repair needs. In its immediate area on Lucerne Place, however, the home is more typical, sitting around average for size, value, and lot size (4,075 sqft). This positions it as a solid, established option in a developed neighbourhood rather than a standout novelty.

It would best suit buyers looking for a modern home without the premium of a brand-new build, who appreciate the low-maintenance benefits of a recent construction and have a potential long-term plan to finish the basement to their own taste. It’s a pragmatic choice for professionals or families seeking space and contemporary amenities in a settled community.

Section 2: Frequently Asked Questions

1. Is this home a good value compared to its neighbours?
The assessed value of $500k is around average for both Lucerne Place and the broader Fraipont area. This suggests it is priced consistently with the local market, not carrying a significant premium or discount for its specific street.

2. What does the "unfinished basement" practically mean?
The basement is complete as a rough-in, with foundations, walls, and essential utilities likely in place, but it requires flooring, walls, ceilings, and finishes. It represents both a cost and an opportunity to add significant customized living space in the future.

3. How does the lot size impact living here?
At just over 4,000 sqft, the lot is smaller than the Winnipeg city average. This typically means less yard maintenance but also more limited outdoor private space. For families, it emphasizes the importance of nearby parks; for others, it could be a low-maintenance advantage.

4. The home sold in 2019. What does that history indicate?
The initial sale was from the builder. The fact that it has had only one owner in its first 5-7 years is common for a newer build and can indicate a stable, well-maintained property, though a full inspection is always recommended.

5. Are there any less obvious considerations about a 2019-built home?
While modern, it was built just before recent supply chain and labour market shifts. Its construction quality may reflect the standards of that specific period. Also, as one of the newer homes on the street, its architectural style and condition may differ from older neighbours, which is worth noting for neighbourhood character.