Property Overview: 166 Evelyne Reese Boulevard, Fraipont
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2021, offers modern living in Winnipeg's Fraipont neighbourhood. Its key appeal lies in being a relatively new build, which typically means fewer immediate maintenance concerns and modern construction standards. The home features 1,492 sqft of living space and sits on a notably larger-than-average lot of 2,272 sqft, providing valuable outdoor space. A renovated basement adds functional living area.
The property’s strength is its balanced positioning within the market. It ranks in the top tiers for lot size within its neighbourhood and the wider city, suggesting a premium outdoor space for the area. While its living area and assessed value are more middle-of-the-road locally, this presents a practical opportunity. It would suit first-time buyers or young families seeking a modern, move-in-ready home without the premium price tag of the largest models in the area. It’s also a sensible option for value-conscious buyers who prioritize a generous yard—a feature that can be harder to find in newer subdivisions—over having the absolute most interior square footage.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish. A professional inspection or inquiry with the seller is needed to determine if it’s a fully developed living space, a recreational room, or has secondary bedrooms.
2. How does the assessed value relate to the listing price?
The assessed value of $44,100k is for municipal tax purposes and is typically lower than market value. It provides a baseline for comparison with similar homes (several nearby properties are listed with similar assessments), but the final sale price will be determined by current market conditions.
3. There's no garage; is there parking?
The listing specifies no garage. Buyers should verify what dedicated parking is available, such as a driveway or assigned street parking, as this is common in newer neighbourhoods without garages.
4. The home is only 5 years old; what should I check?
Even newer homes require due diligence. Ensure a review of the builder’s warranty status, check for any settling-related cracks, and confirm that all permits for the basement renovation were closed properly.
5. How does this lot size compare practically?
Ranking in the top 3% for lot size in Fraipont is significant. In practical terms, this likely means a more private backyard, greater potential for landscaping, gardens, or play space, and more distance from neighbouring houses compared to many other homes in the community.