Property Overview: 1230 Lee Boulevard, Winnipeg

Key Characteristics & Appeal

This two-storey home in Fairfield Park offers a balanced, move-in-ready package. Built in 2007, it’s a relatively modern home in a city-wide context, potentially reducing immediate concerns over aging major systems. The 1,970 sqft living space is comfortably above the city average, providing ample room for family life. A key feature is the renovated basement, which adds valuable finished space. The home sits on a standard city lot and includes an attached garage.

Its primary appeal lies in its solid, middle-of-the-road positioning within its immediate neighborhood. The data shows it consistently ranks around the average for Lee Boulevard and Fairfield Park in terms of size, value, and lot, suggesting it’s a typical and well-proportioned home for the area without extreme premiums or compromises. However, compared to the entire city, it stands above average in size, assessed value, and age—offering more modern space for the price than many Winnipeg properties. The thoughtful perspective here is one of stability: it’s a home that aligns with its community’s norms while offering a relative value upgrade from the broader market.

This property would suit practical buyers looking for a established, no-surprises family home in a mature neighborhood. It’s ideal for those who want space and modern conveniences (like the renovated basement) without venturing into luxury or fixer-upper territory. It would also appeal to value-conscious purchasers who recognize the advantage of owning a home that performs well above the city median.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data indicates it is very representative of Fairfield Park. It’s not among the largest or most valuable homes on the street or in the neighborhood, but it consistently sits comfortably above the median, meaning it offers reliable, average-plus standing in its direct peer group.

2. What does the “renovated basement” likely entail?
While specifics aren’t listed, a basement renovation in a 2007 home typically suggests it was finished for living space, potentially as a rec room, home office, or additional bedrooms. It’s a significant value-add, making the home’s total usable space greater than the listed living area.

3. The last sale was in 2022. Is that a concern?
Not necessarily. A sale four years ago suggests the current owners have had a relatively short tenure, which could be due to many life circumstances. It does, however, provide a recent and transparent price benchmark for market comparison.

4. Is the assessed value a reliable indicator of the listing price?
The assessed value is for municipal tax purposes and is often different from market value. Notably, this home’s assessed value is in the top 10% city-wide, signaling that the city views it as a higher-value property compared to most in Winnipeg, which can be a positive indicator.

5. The lot size seems small compared to the street average. Why?
The data shows a large discrepancy between the lot size on Lee Boulevard (avg. ~18,651 sqft) and this home’s lot (~5,238 sqft). This strongly suggests that Lee Boulevard has a mix of very large, possibly estate-style lots and more standard subdivision lots. This home sits on the latter, which is more in line with the typical city and neighborhood lot size.