Property Overview: 3 Evelyne Reese Boulevard, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes presents a balanced offering for those seeking established community living with room to grow. Its key characteristic is a generous, above-average lot size of nearly 5,700 sqft—a standout feature on its street and a rarity that provides excellent outdoor space and privacy relative to many newer developments. Built in 2005, the home is past its brand-new stage but benefits from being younger than most of the city's housing stock, potentially meaning fewer immediate major repairs than in an older home. The living space (1,534 sqft) and assessed value ($460k) position it as a solidly mid-range property within its desirable neighbourhood, suggesting a manageable scale for a family without being overwhelming.
The appeal lies in this balance: it’s a move-in ready, renovated-basement home in a mature area with sought-after amenities, yet the significant lot offers a clear avenue for future value addition, whether through gardening, expansion, or simply enjoying ample yard space. It would suit practical buyers—perhaps growing families or downsizers wanting a manageable single-family home without a tiny yard—who value the established trees and community vibe of Island Lakes over a brand-new build. It’s also a sensible fit for buyers who see potential in land value and are comfortable with a home that is well-maintained but may require updates to modernize its early-2000s build.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others in the area?
The lot is a defining feature. At 5,695 sqft, it is significantly larger than the average lot on Evelyne Reese Boulevard (approx. 3,175 sqft) and is in the top 3% for size on the street, offering more outdoor space than most direct neighbours.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($460k) is for municipal tax purposes and is a snapshot in time. It places the home above the Winnipeg average but around the middle for Island Lakes. Market conditions, the home’s interior condition, and the desirable lot will ultimately determine the sale price.
3. The home was built in 2005. What should I consider about its age?
A 2005 build is newer than roughly 85% of Winnipeg homes. Key components like the roof, major appliances, and HVAC system may be approaching or within their typical lifespan for replacement, so a thorough inspection is advised. On the positive side, the construction likely meets modern building codes for safety and energy efficiency.
4. What does the sold price history from 2016 tell me?
The 2016 sale (in the $365k-$395k range) shows historical value. Its primary use today is to illustrate market appreciation over a long period. It does not reflect current value, but comparing it to the current assessment can give a very general sense of market trends in the area.
5. How does this home rank within its immediate neighbourhood?
The data shows a home of contrasts within Island Lakes. Its living area and assessed value are around the neighbourhood average, but its lot size is much larger than many, and it is an older home compared to many in this specific community, which has seen development into the 2020s.