Property Overview: 92 Evelyne Reese Boulevard, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home, built in 2018, offers modern construction in a neighborhood of similar-aged properties. Its key appeal lies in its balance of space and value. With 1,492 sqft of living area, it provides functional family-sized space that is competitively sized for the city overall, though it sits on a smaller, more urban-style lot. The home includes a basement (unrenovated) and does not have a garage or pool.
The property’s strongest suit is its contemporary build year, which places it in the top tier city-wide for age, suggesting newer systems and less immediate need for major updates. However, its assessed value is notably below average for its immediate street and area, which could indicate a value opportunity for a buyer or may reflect the smaller lot and lack of a garage. This profile suits first-time buyers or downsizers seeking a low-maintenance, modern home without premium pricing, and who prioritize interior space over extensive outdoor land. Investors may also see potential in the unrenovated basement for future value addition.
Frequently Asked Questions
1. Why is the assessed value lower than many neighbors?
The assessed value is below the average for both the street and the Fraipont area. This is likely influenced by specific property characteristics such as the lack of a garage and a land area that is smaller than most comparable homes nearby.
2. What does "Top 4%" for Year Built city-wide mean?
This statistic means the home, built in 2018, is newer than approximately 96% of all residential properties across Winnipeg. It highlights a key advantage of modern construction compared to the city's predominantly older housing stock.
3. Is the unrenovated basement finished?
No, the listing specifies the basement exists but is "not renovated." Buyers should budget for finishing this space if desired, though it offers potential for future customization.
4. How recent are the nearby sales comparisons?
The most recent direct sale data for this property is from June 2023. The nearby properties listed are primarily for geographical context and similar assessed value, not necessarily recent sales.
5. What are the practical implications of the smaller lot size?
The land area is compact relative to the area and city averages. This typically means lower exterior maintenance but also limited space for additions, extensive landscaping, or detached structures like a future garage. It promotes a more low-maintenance lifestyle.