Property Overview

This two-storey home at 1092 Lee Boulevard in Winnipeg's Fairfield Park neighbourhood presents a compelling blend of space, modernity, and established value. Built in 2011, it is a notably newer construction compared to most homes in the city. Its primary appeal lies in its generous 2,460 sqft of living space, which places it comfortably within the top tier of homes locally, offering ample room for family life. The property features an attached garage and a full, unrenovated basement, providing a blank canvas for future expansion or storage.

The home’s strength is its balanced standing. It isn't an outlier in any single category but consistently ranks "above average" to "elite" in key metrics like living area, assessed value, and year built when compared to its street, neighbourhood, and the wider city. This suggests a property that holds its value well within a desirable context. It would particularly suit buyers looking for a move-in ready, modern family home without the premium of a brand-new build, or those who appreciate a basement they can customize to their own taste rather than paying for a prior owner's renovation choices.

Frequently Asked Questions

1. How does the lot size compare?
At just over 5,400 sqft, the land area is fairly typical for the city but is smaller than the average lot on Lee Boulevard itself. This means less yard maintenance but may be a consideration for those seeking extensive outdoor space.

2. What does the "unrenovated basement" imply?
It indicates the basement is finished but has not been recently updated. It’s functional space that is likely livable but may reflect styles or materials from when the home was built, offering the next owner the opportunity to update it as they wish.

3. The assessed value seems high for the last sale price. Why is that?
The property last sold in September 2021 for $60.50k, while its current assessed value is $63.70k. This is not uncommon; assessed values for taxation purposes can differ from market sale prices, and the 2021 sale may have occurred under different market conditions. It's best to consult a current market evaluation.

4. Is the neighbourhood considered established or developing?
Fairfield Park features a mix, but this property leans "established." With a build year of 2011, it is one of the newer homes in the area (ranking in the top 5% for the neighbourhood), suggesting it was part of the later phases of the community's development.

5. What is the significance of the consistent "above average" rankings?
It points to a low-risk profile. The home isn't the biggest or newest in absolute terms, but it consistently outperforms a majority of peers across the city in key areas. This statistical strength often correlates with stable, long-term value retention in a variety of market conditions.