Property Overview
This two-storey home at 1130 Lee Boulevard in Winnipeg's Fairfield Park neighborhood presents a practical and well-maintained living space. Its key appeal lies in its balance of modern updates and established community setting. The home features 1,592 sqft of living area, an attached garage, and a renovated basement. Built in 2009, it is a relatively newer construction compared to many Winnipeg homes. The property sits on a standard city lot of just under 6,000 sqft.
The home’s value is best understood through its context. Within its immediate area, it offers above-average modernity but a more modest footprint. Citywide, however, its living space and assessed value rank well above average, suggesting solid value for Winnipeg as a whole. This positions it as an efficient, low-maintenance property in a mature neighborhood. It would suit first-time buyers seeking a move-in-ready home without the concerns of an older build, downsizers looking for manageable space with recent renovations, or investors attracted to a property that requires minimal immediate upkeep in a stable area.
Frequently Asked Questions
How does the size of this home compare to others in the city?
While the living area is below the average for its own street and neighborhood, it ranks in the top 26% citywide. This indicates it offers more space than a majority of Winnipeg homes, making it efficient for its area but spacious by broader urban standards.
Is the assessed value a reliable indicator of the likely sale price?
The current assessed value is $55.80k, but it's crucial to note this is a municipal assessment for tax purposes, not a market valuation. The last recorded sale was in 2017 for $46.40k. A professional appraisal or comparative market analysis is necessary to determine its current market value.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, the inclusion of a bathroom or kitchenette, and whether it is developed as a living space, a recreational room, or for utility.
How does the year built (2009) affect this property?
Built 17 years ago, the home is newer than roughly 88% of Winnipeg homes, which is a significant advantage. It likely means more modern building standards, wiring, and major systems. However, it is now at an age where some components (like the roof, HVAC, or appliances) may be nearing the end of their typical lifespan and should be inspected.
Why is there a discrepancy in the lot size comparisons?
The data shows the lot is around average for the city but significantly smaller than the average on Lee Boulevard itself. This suggests the street may have a mix of very large and more standard lots. For this property, it means a yard that is typical for Winnipeg but potentially smaller than some direct neighbors, resulting in less outdoor maintenance.