Property Overview
332 Evelyne Reese Boulevard is a modern two-storey home in Winnipeg's Fraipont neighbourhood, built in 2024. Its key appeal lies in its new construction, offering move-in readiness and modern building standards. With 1,400 sqft of living space, a detached garage, and an unrenovated basement, it presents a practical, low-maintenance foundation.
The home suits first-time buyers or downsizers seeking a newer property without the premium of a custom build. Its assessed value is positioned below the neighbourhood average, which could indicate a value opportunity in a newer home. A thoughtful perspective is that while the lot size is smaller than most in Fraipont, this translates to less yard upkeep, aligning with a modern, efficient lifestyle. The property’s standout characteristic is its age; it is newer than 99% of homes in the city, a significant advantage for those wary of older home repairs.
Frequently Asked Questions
1. Is this a good value for a new home?
The assessed value is notably below the average for both the street and Fraipont area, while the home itself is significantly newer. This suggests the potential for a favourable purchase price relative to other modern properties.
2. What does the "unrenovated basement" mean?
The basement is finished but has not been updated. It offers functional space as-is but presents a blank canvas for future personalization or upgrades if desired.
3. Who would this property not suit?
It may not suit buyers seeking a large yard, as the lot is smaller than 96% of those in Fraipont. It also may not fit those looking for a fully updated, turn-key property, as the basement offers an opportunity for future investment.
4. How does it compare to nearby recently sold homes?
Based on late 2024 sale data, similar-sized but slightly older (2021-built) homes in Fraipont recently sold. This provides a useful benchmark, though the newer construction here is a differentiating factor.
5. What is the neighbourhood like?
Fraipont appears to be a community with a mix of home ages and values. The presence of many other new homes on Evelyne Reese Boulevard suggests it's a newer street within the area, offering a cohesive, modern streetscape.