Property Overview: 1066 Lee Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home in Fairfield Park presents a distinct profile defined by its generous 8,382 sqft lot, a renovated basement, and a detached garage. Its primary appeal lies in the significant land size, which is well above average for both the neighbourhood and the city, offering ample outdoor space and potential in a mature setting. The home itself, built in 1910, is smaller and more modest in assessed value compared to immediate neighbours, but its recent sale history shows strong price appreciation.
This property would best suit a value-conscious buyer or renovator who prioritizes land over a large existing footprint. It’s ideal for someone comfortable with the character and upkeep of a century-old home and who sees potential in the sizable yard for gardens, expansion, or outdoor living. The renovated basement adds functional living space, making it a practical choice for small families or those needing a flexible layout. A thoughtful perspective is that this home offers a rare combination in an established area: a lower entry point with the private land asset typically found in more expensive suburbs.
Section 2: Frequently Asked Questions
1. Is the home significantly older than others in the area?
Yes. Built in 1910, it is among the oldest homes on its street and in Fairfield Park, which is generally a newer neighbourhood. This means charm and mature landscaping, but also suggests a closer look at maintenance and updates is wise.
2. How does the lot size compare?
The lot is a key feature. At over 8,300 sqft, it ranks in the top 10% for size within both Fairfield Park and the entire city, offering substantial outdoor space that is uncommon for the price point.
3. The assessed value seems low. What does that indicate?
The assessed value is below average for the street and neighbourhood, reflecting the home's smaller size and age relative to newer, larger builds nearby. However, it is above the citywide average. This can signal a more affordable property tax burden and an opportunity to add value through updates.
4. Has the property increased in value?
Based on the provided sales history, the home sold for $370k in 2017 and $480k in 2022, indicating notable market growth over that five-year period.
5. What is the living space like compared to nearby homes?
With 1,243 sqft of living area, the home is cozier than most on its street and in Fairfield Park, where averages are around 1,800-2,000 sqft. This emphasizes its fit for buyers who value efficient use of indoor space paired with expansive outdoor room.