Property Overview
This two-storey home at 375 Evelyne Reese Boulevard in Winnipeg's Fraipont neighbourhood is a modern, spacious property built in 2023. Its primary appeal lies in its exceptional size and premium positioning within its immediate area. With over 2,300 square feet of living space, it ranks in the top 1% of homes on its street and top 3% within Fraipont for interior size. The lot is also notably large for the area at over 6,100 square feet. While its city-wide assessed value is above average, it is particularly elite within its own neighbourhood context, suggesting a high-caliber home for the location. The property features an attached garage and an unfinished basement, offering room for future customization.
This home is ideally suited for buyers seeking a modern, move-in-ready property without the wait of new construction, but who still want the benefits of a recent build. It would particularly appeal to growing families or professionals needing substantial space, both indoors and outdoors. The data suggests it’s a standout property on its boulevard, offering a sense of exclusivity and a premium footprint that is rare for newer developments, where lots are often smaller. A thoughtful perspective is that the unfinished basement, while requiring investment, allows the next owner to tailor the space to their exact needs without needing to undo previous renovations.
Frequently Asked Questions
What does the "Elite" ranking for living area actually mean?
It means this home's interior square footage is larger than 99% of comparable homes on Evelyne Reese Boulevard and 97% of those in the wider Fraipont neighbourhood. You are getting a significantly more spacious home than is typical for this specific area.
Is the assessed value of $62.40k accurate?
Yes, that is the official municipal assessed value for taxation purposes. It's crucial to note that assessed value is not market value. The rankings show this assessment is in the top 1% on its street, indicating the municipality views it as a highly valuable property in its local context.
The home sold in late 2023. Why is it likely back on the market so soon?
While the specific reason isn't provided, the short ownership period is not uncommon for new builds. Reasons can include a change in the original owner's job or family circumstances, or it may have been an investment property. The modern build and unfinished basement make it a flexible canvas for any new owner.
How does the lot size compare to an average city lot?
The lot is approximately 6,183 sq ft, which is above average for Fraipont but slightly below the city-wide average lot size of about 6,570 sq ft. The key point is that for a newer home in a modern neighbourhood, this lot size is a significant advantage, offering more outdoor space than most recent constructions.
What is the potential downside of an unfinished basement?
The basement requires a full investment to finish it, which involves time, budget, and planning. However, the upside is that there are no outdated or poorly executed renovations to remove. You can insulate, frame, and design the space exactly to your taste and needs, potentially increasing the home's value and functionality on your own terms.