1238 Lee Boulevard

Property Summary: 1238 Lee Boulevard, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fairfield Park is a well-proportioned, modern residence built in 2007. With over 2,000 square feet of living space, it offers ample room for a family, ranking above average for size citywide. Key features include an attached garage and a renovated basement, adding valuable functional space. The property sits on a standard city lot, providing a manageable yard.

Its primary appeal lies in its balance and move-in readiness. It’s not an outlier in any single metric for its immediate area, but it consistently performs above the citywide average in size, assessed value, and modern build year. This suggests a solid, comfortable home without extreme premiums or compromises. It would suit practical buyers—growing families or professionals—seeking a established, low-drama home in a mature neighbourhood. It’s for those who value space and modern systems over a sprawling lot or a brand-new construction, offering a sensible step-up or long-term home.

A thoughtful perspective: its "average" standing on the street and in Fairfield Park can be a strength, indicating stability and reducing the risk of being over-improved for the area. The renovated basement is a key value-driver, offering immediate utility without the need for a major project.

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
The home is consistently around the average for Lee Boulevard and Fairfield Park in terms of living space, lot size, and assessed value. Its build year (2007) is newer than many in the wider neighbourhood, giving it an advantage in modern construction standards.

2. What is the significance of the assessed value?
The assessed value is used for calculating property taxes. At $58.30k, it ranks in the top third for the area and top 9% citywide, which generally correlates with a higher market value and desirability, but also results in proportionally higher property taxes.

3. Is the lot size typical?
Yes. At 5,500 sqft, the lot is very typical for the city and the Fairfield Park area. It provides a standard backyard space but is not an exceptionally large or small parcel.

4. The home sold in early 2023. What can that price tell us?
The sale price of $620k in February 2023 provides a recent market benchmark. It placed the home in the top quarter of sales for the area at that time, indicating strong buyer interest for properties of this type and condition.

5. What are the less obvious pros and cons of a 2007 build year?
A pro is that major components like windows, roof, and HVAC are likely still within their typical lifespan, delaying big capital expenses. A consideration is that the design and finishes reflect the styles of the mid-2000s, which may feel dated to some buyers compared to a brand-new build.