Property Summary: 94 Lucerne Place, Winnipeg

Section 1: Overview & Appeal

This two-storey home in the Fraipont neighbourhood is a modern, low-maintenance property built in 2019. Its key characteristic is its above-average living space (1,991 sq ft), which ranks within the top 15% of homes in both the neighbourhood and the wider city, offering more room than many newer builds. The home features an attached garage and a renovated basement, adding functional space.

The primary appeal lies in its balance of contemporary comforts and a solid community standing. It’s a relatively new build in a neighbourhood of similar-age homes, suggesting a cohesive streetscape and less risk of major immediate repairs. A thoughtful perspective is its assessed value positioning: while the home’s size is elite for the city, its assessed value is more aligned with the local street average. This could indicate potential value for a buyer seeking space without a premium price tag associated with the most exclusive areas.

This property would best suit buyers looking for a move-in ready, modern family home in a developed suburban community. It’s ideal for those who prioritize interior space over a large yard, as the lot size is more modest compared to the Winnipeg city average. It would also appeal to a value-conscious buyer who appreciates that the home’s size and condition place it above average in its peer group.

Section 2: Frequently Asked Questions

1. How does this home compare to others on the street?
It has more living space than the average home on Lucerne Place and is slightly newer than many of its immediate neighbours, though its assessed value is very consistent with the street's average.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request from the seller or listing agent to understand the quality and functionality of the additional space.

3. Is this a good value for the Fraipont area?
The home’s living area is in the top 13% for Fraipont, while its assessed value is in the top 14%. This parallel suggests its valuation is directly proportional to its sizable footprint within this specific neighbourhood market.

4. Given it was built in 2019, are there any builder warranties still in effect?
Many new home warranties, such as Manitoba’s New Home Warranty, cover major components for up to seven years. As the home is seven years old, it would be prudent to inquire about any remaining transferable warranty coverage on the structure, plumbing, or electrical systems.

5. The sold price history shows a sale in 2019. Is that the original purchase?
Yes, the sale recorded for August 2019 (in the $395k-$425k range) is almost certainly the original purchase from the builder, as the home was built that same year. This establishes the original price point, and any subsequent market value will be based on appreciation and condition since then.