Property Overview & Appeal
This well-situated one-storey home at 1029 Lee Boulevard in Winnipeg's Fairfield Park neighborhood presents a practical and modern living opportunity. Its key characteristic is a sense of above-average quality within a city-wide context, housed in a manageable, single-level layout. Built in 2011, it is a notably newer construction compared to most homes in its immediate area and across Winnipeg, suggesting modern building standards and less immediate need for major updates. The home features a renovated basement, adding valuable finished living space to its 1,655 sqft footprint, and includes an attached garage.
The appeal lies in this combination of relative modernity, move-in readiness, and its strong positional value. While the living area is modest for Lee Boulevard itself, it ranks well above the city average, offering efficient use of space. The assessed value is strong, placing it in the top tiers for both the neighborhood and the entire city, which often reflects desirability and solid fundamentals. It suits buyers seeking a modern, low-maintenance home without the quirks of an older property—perfect for empty-nesters, small families, or professionals who value a renovated, functional space over a sprawling lot, as the yard size is standard for the city.
Frequently Asked Questions
1. How does the size of this home compare to others?
While the living area is below the average for Lee Boulevard, it is larger than the typical Winnipeg home. This indicates a efficient, well-designed space that is substantial by broader standards but not oversized, potentially leading to lower utility and maintenance costs.
2. What does the assessed value tell us?
The assessed value is in the top 22% for Fairfield Park and the top 8% city-wide. This strong ranking suggests the property is considered a higher-value asset relative to most homes in Winnipeg, which can be a positive indicator for long-term value retention.
3. Is the 2011 build date a significant advantage?
Yes. Being built in 2011 makes it newer than approximately 95% of homes in Fairfield Park and 90% of homes in Winnipeg. This typically translates to newer major systems (like plumbing, electrical, and HVAC), contemporary insulation standards, and less likelihood of costly, immediate renovations.
4. What is the neighborhood context like?
Located on Lee Boulevard, the home is among a cluster of similar properties, suggesting a consistent streetscape. The data shows nearby homes were built around 2007, indicating this is a newer pocket within the established Fairfield Park area.
5. What was its previous sale history?
The home sold previously in October 2020 for $550,000. This recent transaction provides a concrete market benchmark for comparison against the current asking price and the city's assessed value.