Property Overview: 1111 Lee Boulevard, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fairfield Park is a modern, spacious property built in 2020. Its primary appeal lies in its generous 2,996 sqft of living space, which places it in the top tier of homes locally and citywide. The home features a renovated basement and an attached garage. While the lot size is fairly typical for the area, the house itself stands out for its scale, newness, and above-average assessed value.
The data suggests this isn't just a large home, but a notably high-performing one within its context. It ranks in the elite top 1-4% for living area, assessed value, and year built when compared to all Winnipeg homes. This combination of modern construction and significant square footage is rare. It last sold for $1.2M in early 2024.
This property would best suit buyers looking for a move-in ready, contemporary home without the wait of new construction, who prioritize ample interior space over a vast yard. It’s ideal for a growing or multi-generational family needing room to spread out, or for professionals who value a home office, gym, or entertainment spaces. The strong metrics also indicate it should hold enduring appeal for value-conscious buyers who see investment in above-average, modern properties.
Frequently Asked Questions
1. How does the lot size compare to the house size?
The land area is around the neighbourhood average (~6,000 sqft), but the living space is exceptionally large. This means the home likely has a substantial footprint or a efficient multi-level design, offering more house than yard.
2. What does the "elite" ranking for Assessed Value mean?
The assessed value of $831,000 ranks in the top 4% for Fairfield Park and top 2% citywide. This indicates the municipal property assessment is significantly higher than most homes, reflecting factors like size, age, and quality. It's a strong marker of the home's perceived market value.
3. The home sold recently in February 2024. Is that a concern?
Not necessarily. A recent sale can indicate strong, renewed market validation of the price. It’s worth inquiring about the seller’s reason for moving to understand the context.
4. Is the renovated basement included in the total living area square footage?
Typically, finished basement space is included in the total living area if it is legally conforming and permits were obtained. Given the home's high overall square footage ranking, it's likely that this renovated basement is a substantial, proper living space.
5. How does this home fit within its immediate street?
On Lee Boulevard, this home ranks 5th of 85 for living area (top 6%) and 3rd of 85 for year built (top 4%). It is one of the newest and largest homes on the block, which can be an advantage for both pride of ownership and future resale.