Property Overview: 1117 Lee Boulevard
Key Characteristics & Appeal
This two-storey home in Fairfield Park is a modern property, built in 2021, offering a move-in-ready opportunity without the concerns of an older home's major systems. Its primary appeal lies in its generous and efficient use of space. With over 2,200 square feet of living area, it ranks within the top tier of homes citywide for size, providing ample room for family life, entertaining, or dedicated work-from-home areas. The home features an attached garage and a full, unrenovated basement offering potential for future customization.
The property suits buyers looking for a modern, low-maintenance home in a well-established neighborhood. It’s ideal for professionals or families who prioritize contemporary layouts and interior space over a large yard, as the lot size is typical for the area. The data suggests a buyer who values a home that stands out for its size and newness within its local context, offering a balance of modern comfort in a mature community.
Frequently Asked Questions
1. What is the significance of the home's rankings (e.g., Top 5% citywide)?
These rankings compare this specific property against similar homes on its street, in Fairfield Park, and across the entire city. For example, ranking in the top 5% citywide for living area means it is larger than 95% of comparable homes in Winnipeg, highlighting its above-average size.
2. The assessed value is listed at $64.90k, but it sold for $800k. Why is there such a large difference?
In Manitoba, the assessed value is set by the municipal government for taxation purposes and is typically much lower than the current market value. The sale price reflects what a buyer was willing to pay in the open market at that time.
3. What does "basement, not renovated" imply?
It indicates the lower level is unfinished or in its original builder state. This presents a blank canvas for future development, such as creating a rec room, additional bedrooms, or a rental suite, subject to local permits and regulations.
4. How does the lot size compare to the neighborhood?
At just under 6,000 sq ft, the land area is around the neighborhood average. This means the property aligns with local norms, offering standard outdoor space rather than an exceptionally large yard.
5. The home is very new (2021). What are the potential advantages?
A five-year-old home likely has modern building codes, energy-efficient windows and appliances, and warranties that may still be transferable. It also means major components like the roof, furnace, and siding have most of their lifespan ahead, reducing near-term capital repair risks.