Property Overview: 275 Evelyne Reese Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern property, built just two years ago in 2024. Its key appeal lies in its balance of new construction benefits and established neighbourhood metrics. With 1,530 sqft of living space, it sits comfortably above the city-wide average, offering ample room without being oversized. The attached garage and full (though unrenovated) basement add practical utility.
The home’s standout characteristic is its relative value. Its assessed value ranks above average both on its street and city-wide, suggesting it is a well-regarded property within its peer group. The lot size of 4,170 sqft is notably generous for the immediate area, providing more outdoor space than most neighbouring homes—a premium in newer subdivisions.
This property would suit first-time buyers or young families seeking a move-in ready, modern home without the premium often attached to brand-new builds. It’s also a sensible choice for value-focused buyers who appreciate a home that already shows strong assessment performance compared to its peers, potentially indicating good long-term stability. The unrenovated basement presents a clear, cost-effective opportunity for future customization to increase living space.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value of $48,400 ranks in the top 25% on its own street and top 22% city-wide, indicating it is considered a higher-value home compared to many comparable properties in Winnipeg.
2. Is the lot size typical for the neighbourhood?
The 4,170 sqft lot is above average for Evelyne Reese Boulevard, placing it in the top 15% on the street. This means you likely get more yard space than many direct neighbours, though it is closer to the average when looking at the wider Fraipont area.
3. What does the sold price history indicate?
Public records show it sold in July 2024 for between $51,500 and $54,500. This recent sale provides a concrete, modern benchmark for its market value, just above its current assessed value.
4. What are the less obvious considerations?
While a 2024 build means modern infrastructure and minimal immediate repairs, it also means the home is very new to the area. The "unrenovated basement" is a blank canvas but requires a planned investment. Additionally, its lot size is generous for the street but below the city-wide average, reflecting the tighter layouts of newer communities.
5. Who are the closest comparable properties?
The most direct comparisons are other homes on Evelyne Reese Boulevard, which average slightly smaller lots and are older (average year built 2018). The provided similar listings on Eau-Claire Drive are also in Fraipont and of a similar vintage, offering a good sense of the community’s standard.