Property Overview: 38 Evelyne Reese Boulevard, Island Lakes, Winnipeg
Key Characteristics & Appeal
This home is a study in contrasts, offering a specific value proposition. Built in 2005, it presents a solid, early-2000s build in the well-established Island Lakes neighborhood. Its key standout feature is the land: at over 5,500 sqft, the lot size is elite for its immediate street, offering significantly more outdoor space than most neighbors. This is paired with an assessed value that positions the property favorably citywide.
The appeal lies in this combination of a generous, private lot with a home that provides functional, average-sized living space (1,471 sqft). It includes an attached garage and a basement (not renovated), offering room for storage or future customization. The data suggests it may appeal to value-conscious buyers who prioritize land size and outdoor potential over a recently built or top-tier renovated interior. It would suit a first-time buyer looking for a footprint to grow into, a household wanting room for gardens or play, or an investor seeking a property with solid fundamentals in a mature area. A less obvious perspective is that its "below average" size and year-built ranking on its own street indicate a quieter, more settled part of the neighborhood, potentially with less turnover and more established surroundings.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is around average for Island Lakes and slightly above average for Winnipeg overall, suggesting it is priced in line with or slightly better than broader market fundamentals despite its older construction date on the street.
2. What does "basement, not renovated" imply?
It indicates the basement is undeveloped or finished in its original, likely early-2000s state. It provides usable space but may require updates or a full renovation to modernize, representing both a project and an opportunity for customization.
3. Is the lot size a significant advantage?
Yes, particularly for the street. The lot is in the top 4% on Evelyne Reese Boulevard, meaning it is substantially larger than most direct neighbors, offering more privacy, yard space, and potential for additions or landscaping.
4. Why are the sold prices shown as a range?
The provided ranges are estimates based on publicly available data. To obtain the exact historical sale price, you must request it directly via the email system on the page, which is manually verified.
5. The home seems older than others on the street. Is that a concern?
Built in 2005, it is well-built but ranks as one of the older homes on this specific street. This means neighboring properties may be newer, but it also often translates to more mature landscaping and established neighborhood character. It’s a factor in maintenance planning rather than an immediate concern.