Property Overview: 300 Evelyne Reese Boulevard
Key Characteristics & Buyer Profile
This is a modern two-storey home, built in 2024, offering a move-in-ready canvas in the Fraipont neighbourhood. Its primary appeal lies in its new construction, providing contemporary building standards and minimal immediate maintenance. With 1,327 sqft of living space and an unrenovated basement, it presents a solid foundation for a first home or a practical investment.
The property’s standout characteristic is its age—it ranks in the top 1% for being newly built both on its street and in the wider city. This is contrasted by its very modest assessed value, which is notably below average for its immediate area. The lot size is compact, even compared to nearby homes, suggesting a low-maintenance yard.
This home would suit a pragmatic first-time buyer seeking modern construction without a premium price tag, or an investor looking for a newer asset in a stable market. Its value proposition is unique: you are purchasing essentially a new build, but in a context where the price metrics are anchored to an older housing stock. It’s a chance to own a new home while potentially sidestepping the typical cost associated with brand-new subdivisions.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby comparable homes?
The assessed value is a municipal valuation for tax purposes and can be influenced by many factors, including specific lot characteristics, building materials, and interior finishes. For a new build, it may not yet fully reflect market conditions or recent sales, making it crucial to review recent sold prices in the area.
2. What does having an unrenovated basement mean for potential?
The basement is finished as living space but has not been updated. This is often a positive: the major expense of excavating and framing is complete, but you have the flexibility to customize the space to your taste and budget over time, without the mess of a full basement development.
3. The lot size is noted as below average. How significant is this?
The lot is compact, which means lower yard maintenance—a benefit for those seeking a lock-and-leave lifestyle or who prefer indoor living space. However, it may limit options for large additions, decks, or extensive landscaping compared to other properties.
4. The home is new, but how does it compare in size to others?
At 1,327 sqft, the living area is slightly below the city-wide average and more notably below the average for both Fraipont and Evelyne Reese Boulevard. This indicates it is a more compact, efficient layout among its peers, which can translate to lower utility costs and a cozy, manageable footprint.
5. Are the recent sold price ranges provided reliable for an offer?
The sold price ranges are based on available public data. For the most accurate and specific historical price information, including the exact sold price for this property, you need to request the data via the provided email service. This ensures you have precise figures for informed decision-making.