Property Overview: 292 Evelyne Reese Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2024, offering a move-in-ready opportunity with the benefits of a new build, such as contemporary construction standards and minimal immediate maintenance. With 1,400 sqft of living space, it is a comfortably sized home that sits around the city-wide average, though it is notably newer than most properties in its Fraipont neighbourhood and across Winnipeg.
The primary appeal lies in its modern efficiency and its position as a newer asset in a well-established area. The assessed value is relatively modest compared to many area homes, which could present a value proposition for a buyer seeking modern amenities without a premium price tag. It’s important to note the lot size is compact, especially compared to the neighbourhood and city averages, which translates to lower exterior upkeep but less private outdoor space.
This property would suit first-time homebuyers or downsizers looking for a modern, low-maintenance home without the wait and uncertainty of a new construction project. It may also attract practical investors seeking a newer rental property with potentially lower repair costs.
Section 2: Frequently Asked Questions
1. What are the main advantages of this home being so new?
Beyond just modern finishes, a 2024 build means the major components (roof, HVAC, windows, appliances) are under warranty and should be energy-efficient, leading to predictable utility and maintenance costs for years.
2. The lot size seems smaller than average. What does that mean practically?
It means less yard work and lower property taxes tied to land value, but also limited potential for expansions like a large deck, garage, or addition. Outdoor privacy and space for gardening or play will be more confined.
3. How does the assessed value compare to the recent sold price?
The home sold in July 2024 for between $38.5k and $41.5k, which aligns closely with its current $40.90k assessed value. This suggests the assessment is current and the market price is stable.
4. Is the basement finished?
No, the basement is present but not renovated. This provides useful storage or mechanical space and offers the future potential to add living area, but would require a significant investment to finish.
5. There’s no garage. Is there room to add one?
Given the below-average lot size, adding a detached garage would be challenging and would consume a large portion of the backyard. On-street or driveway parking is the likely scenario.