Property Overview: 371 Evelyne Reese Boulevard
This two-storey home in Winnipeg’s Fraipont neighbourhood presents a compelling opportunity for buyers seeking a modern, low-maintenance property. Built in 2024, it is essentially a new home, offering the benefits of contemporary building standards and minimal immediate repair concerns.
Key Characteristics & Appeal
The primary appeal of this property lies in its newness and above-average space. With 1,889 sqft of living area, it ranks in the top 8% for size on its street and the top 14% city-wide, offering more room than most comparable homes. It features an attached garage and a full, unrenovated basement, providing a blank canvas for future expansion or storage. The assessed value is consistently above average for its immediate area, suggesting solid perceived worth.
Its standout characteristic is its age. Being only two years old, it ranks in the elite top 1% for year built compared to homes across Winnipeg, where the average house was built in 1966. This translates to modern efficiency, likely newer appliances, and updated systems. The lot size of 3,844 sqft is generous for the street but is more modest compared to the city-wide average, indicating a manageable yard suited for those preferring less outdoor upkeep.
This home would suit first-time buyers or young families looking for a move-in-ready property without the surprises of an older home. It’s also ideal for professionals who value modern amenities and a efficient layout over a large, demanding lot. A thoughtful perspective is that this property offers the "sweet spot" of being past the initial settling phase of a brand-new build while still retaining all the warranties and contemporary finishes.
Frequently Asked Questions
1. What does "basement, not renovated" mean?
It indicates the home has a full, undeveloped basement. This is a blank space with finished walls, flooring, and electrical, ready to be customized into living space, a recreational room, or additional storage without major structural work.
2. How does the lot size impact the property?
At 3,844 sqft, the lot is larger than most on Evelyne Reese Boulevard, providing good private outdoor space. However, it’s smaller than the Winnipeg average. This is a practical balance—offering a yard for relaxation or gardening without the extensive maintenance of a much larger plot.
3. Why is the assessed value different from the recent sold price?
The assessed value ($52.40k) is for municipal tax purposes and is typically lower than market value. The home sold for between $55.50k and $58.50k in late 2024, which reflects the actual market price at that time.
4. What does its ranking in the "top 1%" for year built practically mean for a buyer?
It means you are purchasing one of the newest homes available city-wide. Benefits include newer construction materials, modern insulation and windows for energy efficiency, contemporary floor plans, and likely remaining coverage on builder warranties for major components.
5. Are the nearby listed properties direct comparisons?
The listed nearby properties (e.g., on Eau-Claire Drive) are useful references as they are in the same neighbourhood and of similar age (2021 builds). They provide a benchmark for community style, potential property values, and the general character of this newer section of Fraipont.