Property Overview: 303 Evelyne Reese Boulevard
Key Features & Buyer Profile
This two-storey home in Fraipont is a modern, low-maintenance property built in 2023. Its primary appeal lies in its new construction, offering a move-in-ready canvas free from the immediate repair concerns common with older homes. With 1,587 sqft of living space, it provides above-average roominess for both its immediate street and the city overall. The attached garage and full basement (unrenovated) add practical utility and future potential.
The home suits first-time buyers or professionals seeking a modern, efficient property without the hassle of a major project. Its assessed value positions it solidly within the mid-range for the area, suggesting a balanced entry point into a newer neighbourhood. A thoughtful perspective is the lot size: while the home itself is spacious, the land area is more compact compared to many city lots. This translates to less yard upkeep—an advantage for those seeking a lock-and-leave lifestyle—but less space for expansive gardens or additions.
Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold in July 2023 for an estimated $48.5k-$51.5k, which is close to its current assessed value of $46.40k. This suggests a stable market valuation with minimal fluctuation since its last sale.
2. What does the "unrenovated basement" mean?
The basement is finished as part of the new build but is in a basic state. It offers flexible space for storage, a home gym, or media room, but buyers should budget for any desired upgrades like flooring, paint, or built-ins to tailor it to their needs.
3. Is this a good investment compared to older homes in Winnipeg?
Its "elite" city-wide ranking for year built is a key advantage, likely meaning better energy efficiency and lower near-term maintenance costs. However, its lot size is below the city average, which can affect long-term appreciation compared to properties with more land.
4. What is the neighbourhood character of Fraipont?
Fraipont appears to be a newer development, as evidenced by the above-average year-built ranking for the area. The proximity of many similarly aged homes on Evelyne Reese Boulevard suggests a uniform, contemporary streetscape.
5. How accurate are the size and value comparisons provided?
The rankings show the home is genuinely above average for living space locally and city-wide. Its assessed value is consistently mid-range across all comparison levels, indicating its pricing is very typical and not an outlier, which can provide confidence in its market fairness.