Property Overview
This two-storey home at 323 Evelyne Reese Boulevard in Winnipeg’s Fraipont neighbourhood is a modern, above-average offering with strong foundational metrics. Built in 2024, it is essentially a new home, ranking in the top 1% for its age both locally and citywide. With 1,753 sqft of living space, it provides more room than most comparable homes on its street and in the city. The property includes an attached garage and a full, unrenovated basement, presenting a blank canvas for future development. Its assessed value of $510k positions it as a premium option on its street and above the citywide average.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of new construction and spaciousness. Buyers are spared the immediate concerns and costs associated with older homes, from major systems to modern building codes. The living area is a significant advantage, offering more square footage than 85% of similar homes on the same boulevard. While the lot size is modest citywide, it is generous for its immediate area, suggesting a well-proportioned home in a newer, potentially more densely planned community.
This home would suit buyers who prioritize move-in readiness and modern efficiency over establishing mature gardens or having a vast yard. It’s ideal for a professional or growing family seeking a low-maintenance, contemporary layout without the wait and uncertainty of a build. The unrenovated basement is a key value-add, offering the opportunity to customize additional living space according to the next owner’s needs and budget.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it is a premium home for Evelyne Reese Boulevard, ranking in the top 15% for both size and assessed value on the street. You are paying for the advantages of a nearly new construction and more interior space than most neighbours have.
2. What does the "unrenovated basement" mean?
It indicates the basement is unfinished. It has been built to code as part of the new home but is likely just a concrete shell with rough-ins for utilities. This is a common feature in new homes, allowing the owner to finish it as a rec room, suite, or additional bedrooms later.
3. How does the lot size compare?
The lot is just under 4,000 sqft. This is larger than average for its specific street but smaller than the typical Winnipeg lot. This reflects the trend in newer subdivisions, where home size is often prioritized over yard size.
4. Why is there a range for the last sold price?
The provided sold price is an estimate based on public data. To receive the exact sale price from the land title, you must request it via the email service mentioned, as this information is not freely disclosed in Manitoba.
5. What are the potential downsides of a home this new?
While offering modern amenities and efficiency, a home in a newer subdivision may have less established landscaping, younger trees, and a community character that is still developing. There may also be fewer comparable sales to gauge its precise market value against.