Property Overview: 7 Evelyne Reese Boulevard, Island Lakes, Winnipeg
Key Characteristics & Buyer Profile
This single-storey home in Island Lakes is a study in contrasts, offering a specific value proposition. Its key characteristic is a generous 4,170 sqft lot, which is notably larger than most on its street and in the immediate neighborhood, providing excellent outdoor space potential. The home itself, built in 2005, is newer than the majority of city-wide housing stock but is among the older homes within the newer Island Lakes community. With 1,266 sqft of living space and a renovated basement, it sits at a more compact size compared to nearby peers.
The appeal lies in this balance: you acquire a well-sized lot in a mature, established area of Island Lakes without the premium often attached to the largest houses. It suits practical buyers who prioritize yard space over square footage, such as downsizers seeking single-level living with room for gardening, or young families who value a safe, neighborhood feel and envision future expansions like a deck or shed. The renovated basement adds functional living space, enhancing its utility. A thoughtful perspective is that its "below average" size for the area may translate into lower utility costs and less maintenance, appealing to those seeking efficiency.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $44.60k. The last known sale in July 2021 was in the range of $41.50k to $44.50k, indicating the assessment is in line with its recent market value.
2. Is the living space too small for the neighborhood?
At 1,266 sqft, it is indeed smaller than the average home on Evelyne Reese Boulevard and in Island Lakes. However, this makes it a more accessible entry point into the area and, combined with the renovated basement, provides adequate space for many households.
3. What does the lot size mean for me?
The 4,170 sqft lot is a standout feature. It is significantly larger than the average lot on its street (3,175 sqft), offering more privacy, recreation space, and landscaping opportunities than most direct neighbors.
4. The home was built in 2005. What should I consider?
Being built in 2005 means major systems like the roof, furnace, and windows are likely approaching or within their typical replacement window (15-25 years). A thorough inspection is advised to budget for upcoming maintenance, though the home avoids the issues of much older properties.
5. How can I find out the exact historical sale prices?
The provided sale prices are estimated ranges from public data. The listing service offers to provide the exact sale price history via a manual email request, at no cost and without marketing spam.