Property Overview
This two-storey home at 1125 Lee Boulevard in Winnipeg's Fairfield Park neighbourhood presents a compelling blend of modern space and established value. Its key appeal lies in its significant size and premium positioning within the city's housing market.
Key Characteristics & Ideal Buyer
The home's most defining feature is its generous 3,160 sqft of living space, which places it in the top 5% of homes on its street and the top 1% within both the neighbourhood and the entire city. Built in 2013, it is a relatively modern structure compared to many Winnipeg homes. It includes an attached garage and a renovated basement. The assessed value of $1.05M firmly positions it as an elite property in its area, a status underscored by its previous sale price of $890k in August 2022, suggesting substantial appreciation.
Its appeal is for buyers seeking a move-in ready, spacious family home without the maintenance concerns of an older property. It suits professionals or growing families who prioritize interior square footage over a vast yard, as the lot size is more typical for the area. This is a property for someone looking at long-term value in a established neighbourhood, backed by concrete data showing it outperforms the vast majority of comparable homes in key metrics like size and assessed value.
Frequently Asked Questions
1. How does this home truly compare to others in Winnipeg?
The data is clear: this home is in the top 1% city-wide for both living area and assessed value. This means over 99% of Winnipeg homes are smaller and have a lower official valuation.
2. The lot seems average in size. Is that a concern?
It depends on priorities. The lot is typical for Fairfield Park, but the home itself is exceptionally large for the property size. This appeals to those wanting maximum indoor living space without the upkeep of a large yard, but may not suit buyers seeking extensive outdoor recreation space.
3. What does the "Elite" ranking mean for assessed value?
An assessed value in the top 1% for the neighbourhood and top 4% on the street indicates the city views this as a premium property for the area. This often correlates with stable or strong resale value, but also typically means higher property taxes.
4. The home sold in 2022 for $890k and is now assessed at $1.05M. What does this indicate?
This suggests significant market appreciation in a short period. It highlights the property's strong market position but also sets a high current value benchmark for both purchase price and future taxes.
5. Who would this home not be ideal for?
It may not suit first-time buyers due to its premium price point, or those seeking a character home, as it's a modern build. Buyers wanting a massive, private yard or those looking for a budget-conscious "fixer-upper" would also likely look elsewhere.