Property Overview
This two-storey home at 1400 Lee Boulevard in Winnipeg's Fairfield Park neighborhood offers a balanced, move-in-ready package. Built in 2006, its 1,901 sqft of living space is modern and manageable, positioned comfortably within the averages for its immediate street and area. A key feature is the renovated basement, adding valuable finished space, and the convenience of an attached garage. The lot is a standard city size, offering outdoor space without the burden of extensive maintenance.
Its appeal lies in its strong "middle ground" positioning—it's a contemporary home that isn't brand new, offering modern amenities without the premium of a recent build. It suits buyers looking for a turnkey family home in an established area, particularly those who value a renovated lower level for extra living space or potential rental income. A thoughtful perspective is that its city-wide rankings for size, value, and age are notably above average, suggesting this property may offer more house for your money compared to Winnipeg's broader market, while still being priced accessibly within its own desirable neighborhood.
Frequently Asked Questions
1. How does this home compare to others on the street?
It is consistently around the average for Lee Boulevard in terms of living space, assessed value, and age. Its lot size is somewhat smaller than the street average.
2. What is the significance of the "city-wide" rankings being higher?
While the home is typical for Fairfield Park, it ranks above average compared to all Winnipeg homes. This indicates you are getting a relatively newer, larger home for the assessed value when viewed against the entire city's housing stock.
3. Is the basement renovation reflected in the assessed value?
The assessed value is a municipal valuation for tax purposes and may not fully capture recent renovations. The sale price and market value are typically influenced more directly by such upgrades.
4. What type of buyer would this home not suit?
It may not suit buyers seeking a very large lot, a brand-new build, or a project home, as it is a renovated, move-in-ready property on a standard city lot.
5. How stable is the value in this area?
The home's metrics show it is firmly aligned with the norms of Fairfield Park. This consistency can suggest a stable value proposition, less subject to the volatility seen in rapidly developing or declining areas.