Property Overview: 162 Evelyne Reese Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2021, offers modern living in Winnipeg's Fraipont neighbourhood. Its key appeal lies in its balance of being a relatively new build—sparing owners from major immediate repairs—paired with a manageable scale. With 1,492 sqft of living space and a 3,717 sqft lot, the property sits comfortably around the average for its immediate street and area, suggesting it fits well within the local streetscape without feeling oversized or cramped.
The home’s standout characteristic is its value proposition within the wider city context. While its size and assessed value are typical for Fraipont, it ranks within the top third city-wide for assessed value and is in the elite top 2% for the age of the home, indicating a much newer construction than the Winnipeg average. This positions it as a modern, low-maintenance alternative to the city's predominantly older housing stock. The detached garage adds practical utility.
This property would suit first-time buyers or downsizers seeking a turn-key, newer home without the premium often attached to brand-new builds. It’s also a practical choice for value-conscious buyers who prioritize modern systems and building codes over having the largest footprint on the block. The recent 2024 sale suggests a stable, established value in the area.
Section 2: Frequently Asked Questions
1. What does the assessed value ranking actually mean for me?
While the assessed value ($44.50k) is below the Fraipont area average, it ranks in the top 29% city-wide. This often reflects the significant premium for a newer home (2021) compared to Winnipeg's median home age of 1966, potentially translating to lower immediate maintenance costs.
2. Is the living space sufficient for a growing family?
At 1,492 sqft, it is slightly below the area average. It would suit a small to medium-sized family comfortably, but those needing extensive space or dedicated rooms for multiple hobbies may find it compact. The two-storey layout typically offers good separation of living and sleeping areas.
3. How does the lot size impact the property?
The lot is just under a quarter-acre (3,717 sqft). It's ample for a patio, garden, and play area but is below the city-wide average. This means less yard maintenance but also less private space than you might find in older, outer neighbourhoods.
4. The home sold recently in 2024. What does that indicate?
The recent sale provides a clear, current market price point (in the $46.5k-$49.5k range at that time), offering a solid benchmark for value. It suggests the property is in a liquid market and isn’t a long-held "off-market" type of find.
5. What are the implications of the basement being "not renovated"?
The basement is finished but not updated. This is a neutral point: it provides immediate usable space (e.g., for laundry, storage, or a rec room) without the cost of excavation, but any modernization would be an additional project for the buyer. It represents potential rather than a move-in-ready premium space.