Property Overview: 296 Evelyne Reese Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a notably modern property, having been built just two years ago in 2024. Its key appeal lies in this new construction status, which typically means modern building standards, minimal immediate maintenance, and contemporary layouts. With 1,400 sqft of living space, it is moderately sized, offering a practical footprint for everyday living.
The home’s standout characteristic is its relative value. While its assessed value is below average for its immediate street and neighborhood, it sits around the city-wide average. This presents a perspective of acquiring a newer home in a context where many comparably priced properties city-wide are significantly older (average year built of 1966). The lot is compact, especially compared to city norms, which translates to less yard upkeep—a potential benefit for those seeking a low-maintenance lifestyle.
This property would best suit first-time buyers or downsizers who prioritize a modern, move-in-ready home without a premium price tag. It’s also a practical choice for value-conscious buyers who want newer construction but are comfortable with a standard-sized home on a smaller lot, trading space for modernity and efficiency.
Section 2: Frequently Asked Questions
1. Is this a good value for a new home?
Based on the data, yes. Its assessed value is below the average for both its street and the Fraipont area, yet the home is newer than over 99% of properties city-wide. This suggests you may be paying less for a modern home compared to older ones in the same price bracket.
2. What does the smaller lot size mean for me?
The land area is below average for the neighborhood and city. This means lower maintenance and potentially lower property taxes, but also less private outdoor space. It’s a trade-off that favors simplicity over expansive yards.
3. Why is the assessed value relatively low for a new build?
Assessed value is for taxation purposes and considers multiple factors, including specific location, lot size, and recent sales. Its below-average assessment for the street and area may reflect the compact lot and the specific market dynamics of newer homes in this part of Fraipont.
4. What is the neighborhood like?
Fraipont appears to be a developing area with many newer homes, as indicated by the high ranking for year built. The presence of many recently sold properties with similar assessed values suggests a consistent and active market.
5. Are there any major drawbacks?
The home has an unfinished basement and no garage, which limits storage and expansion options. Buyers should budget to finish the basement or create alternative storage solutions. The living space is also slightly below the local average, so it may feel cozy for those needing ample room.