Property Overview: 274 Evelyne Reese Boulevard, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2024, is a modern residence in the Fraipont neighbourhood. Its primary appeal lies in its new construction, offering move-in readiness and the benefits of a contemporary build, such as modern materials and likely current building codes. With 1,327 sqft of living space, it is notably compact compared to most homes on its street and in Fraipont, but is close to the average size citywide.
The property presents a distinct value profile. Its assessed value is significantly below average for its immediate area, which could indicate a lower property tax burden or an entry-point price in a desirable locale. However, this is paired with a land area that is considerably smaller than typical lots, both locally and across Winnipeg. This creates a specific trade-off: you are acquiring a very new home, but with minimal yard space.
This home would suit first-time buyers or downsizers seeking a modern, low-maintenance property without a large garden to upkeep. It may also appeal to investors or buyers highly sensitive to property taxes, given the assessed value. A less obvious perspective is that its compact size and efficient layout could resonate with those prioritizing sustainability and reduced utility costs over expansive square footage.
Frequently Asked Questions
1. Is this a brand-new home?
Yes, the home was built in 2024, making it essentially new. This means it should be under builder warranty and feature modern construction standards.
2. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on municipal evaluation, which considers factors like lot size, building size, and age. This home’s notably smaller lot and compact living area relative to others on the street are key reasons for the lower assessment.
3. How does the lot size compare to a typical Winnipeg property?
The land area of 1,978 sqft is significantly smaller than average. For context, it ranks in the bottom 1% citywide for lot size, meaning most homes in Winnipeg sit on much larger plots of land.
4. What does the "below average" ranking for living area mean?
It means that, within the Fraipont neighbourhood and on Evelyne Reese Boulevard itself, this home has less interior space than most comparable properties. It is, however, very close to the average home size for the entire city of Winnipeg.
5. What was the home's recent sale history?
Public records indicate it sold in May 2024 for a price range between $355,000 and $385,000. For the precise sale price, you can request the exact figure via email from the listing source.