Property Overview
This two-storey home at 320 Evelyne Reese Boulevard in Winnipeg’s Fraipont neighbourhood is a modern property built in 2024. Its key appeal lies in its new construction, offering move-in readiness and contemporary building standards. With 1,327 sqft of living space, a basement, and no garage, it presents a specific value proposition.
Key Characteristics & Buyer Suitability
The standout feature is the home’s age—it is newer than 99% of homes in the city, providing the benefits of modern materials, energy efficiency, and minimal immediate maintenance. Its assessed value is modest relative to the city-wide average, suggesting a potentially accessible entry point into a new build. The lot size is compact, especially compared to the neighbourhood and city, which translates to less yard upkeep.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without the premium often attached to brand-new houses in larger developments. It’s a practical choice for those who prioritize the interior condition and building systems over expansive outdoor space or a garage. A thoughtful perspective is that its below-average metrics for size and value within its immediate area might indicate a quieter, more affordable niche in a neighbourhood that could have a wide range of property types and values.
Frequently Asked Questions
1. Is the basement finished?
No, the listed details specify the basement exists but is not renovated, offering blank-canvas storage or future living space.
2. How does the assessed value compare to the recent sale price?
The home sold in late 2024 for between $375k-$405k, while its assessed value is $399k. This close alignment suggests the assessment is current and reflects the recent market transaction.
3. What does the "below average" ranking for lot size mean?
The land area is 2,677 sqft, which is smaller than most lots in Fraipont and Winnipeg overall. This means a smaller yard, which can be a benefit for minimal upkeep or a drawback for those wanting more outdoor space.
4. Are there any direct comparisons with similar homes?
Nearby reference properties on Eau-Claire Drive, built in 2021 with similar living area, have significantly higher assessed values (e.g., $530k), highlighting that this home’s value is notably more modest, likely due to differences in finishings, lot characteristics, or exact location.
5. What are the implications of having no garage?
This means parking will be limited to driveway or street parking. Buyers should consider vehicle storage, winter weather, and potential future costs of adding a garage if the lot permits.