Property Overview: 120 Evelyne Reese Boulevard, Fraipont
Key Characteristics & Appeal
This two-storey home, built in 2019, offers modern construction in a convenient Winnipeg neighbourhood. Its primary appeal lies in its balance of a relatively recent build date and a notably accessible price point, as reflected in its below-average assessed value for the area. With 1,492 sqft of living space, it provides a functional layout that is competitively sized for its immediate street and city-wide, though it sits on a smaller urban lot.
The property is best suited for first-time homebuyers or practical investors seeking a turn-key home without major renovation needs. Its unrenovated basement presents a clear, cost-effective opportunity for future customization to add value. A thoughtful perspective is that while the lot is compact, this often translates to lower maintenance costs and less time spent on yard work—an advantage for busy professionals. The data suggests you are purchasing a newer structure in a neighbourhood of mixed-vintage homes, which can be a strategic entry into a settled community.
Frequently Asked Questions
1. Why is the assessed value significantly lower than nearby averages?
The assessed value is below average for both the street and the Fraipont area. This is typically tied to the property's specific attributes (like lot size and the unrenovated basement) as determined by municipal assessment models, and it often correlates with a more affordable purchase price and property taxes.
2. What does the "unrenovated basement" mean for me?
It indicates the basement is functional but finished to a basic standard. This is a neutral feature: it avoids the premium cost of a professional renovation while giving you a blank canvas to finish the space to your own taste and budget, potentially increasing the home's value.
3. How does the smaller lot size impact daily living?
The land area is compact compared to local averages. This means smaller outdoor maintenance and lower landscaping costs, which is a benefit for some. However, it may limit options for large additions, decks, or extensive gardening.
4. The home sold in 2023. What can that price history tell me?
The sold price range from April 2023 provides a recent market benchmark. It’s a crucial data point for understanding current value trends and negotiating, especially when compared to the assessed value and prices of similar homes sold since then.
5. Who are the most likely neighbours or what is the street makeup?
Listing data shows directly adjacent properties are on similarly sized lots, suggesting a consistent streetscape of closely built homes. The mix of build years on the street indicates an established but evolving neighbourhood, not a brand-new subdivision.