314 Evelyne Reese Boulevard

Property Overview: 314 Evelyne Reese Boulevard, Fraipont

Section 1: Key Characteristics & Appeal

This property presents a distinct value proposition centered on its very low municipal assessed value of approximately $100k, which is notably below averages for the street, neighborhood, and wider Winnipeg area. The lot size is modest at just under 2,000 sq ft, ranking smaller than most comparable properties. While specific details on the home's living area, year built, and features (like a basement, pool, or garage) are not provided in the available data, the profile is defined by its affordability metric.

Its primary appeal lies in its position as an entry-point investment or ownership opportunity in the Fraipont neighborhood. The most recent recorded sale in late 2024 was in the $39.5k–$42.5k range, reinforcing its accessibility. This would suit a specific type of buyer: investors or handy owner-occupiers looking for a low-cost foothold in the market, potentially for land value, a renovation project, or as a rental property. It's less suited for those seeking a move-in-ready home with standard amenities, given the lack of confirmed details on the dwelling itself. A thoughtful perspective is to view it not just as a structure, but as a strategic entry in a neighborhood where other newer builds (like the referenced 2021 homes on Eau-Claire Drive) carry significantly higher assessments, suggesting an area in transition or with varied property types.

Section 2: Frequently Asked Questions (FAQs)

1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the municipality's valuation, which considers factors like property size, building characteristics, and recent sales. The data shows this property's value is consistently below averages for its immediate area, likely due to a smaller lot, a more modest dwelling, or a combination of both.

2. What is the actual condition and size of the house?
The provided data does not include specifics on living area, year built, or condition. A physical viewing and review of full listing details are essential to understand the home's true state and layout.

3. The nearby reference property at 59 Eau-Claire Drive has a much higher assessed value ($530k). What explains this difference?
While in the same neighborhood, properties can vary greatly based on lot size, home size, age, condition, and specific location. The comparison suggests 314 Evelyne Reese Boulevard represents a fundamentally different tier of property within Fraipont.

4. Is the low sale price a red flag?
Not necessarily. It primarily reflects the property's market position as a lower-value asset. However, it warrants extra due diligence regarding the property's condition, potential for needed repairs, and ensuring the title is clear.

5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in this dataset. You can request the precise history by email via the provided button on the detail page; the service states it will provide the accurate figures without using your email for unsolicited marketing.