513-1355 Lee Boulevard

Property Overview

This 913 sqft property at 513-1355 Lee Boulevard in Winnipeg's Fairfield Park neighbourhood is a modern, low-maintenance home built in 2017. Its primary appeal lies in its efficient size, contemporary build, and exceptional standing within its immediate area. The home ranks in the top 1% of properties on its street and top 0% within both the neighbourhood and the entire city of Winnipeg for its assessed value relative to others, indicating a premium position. With no basement or garage, it offers a simplified lifestyle with lower utility and maintenance demands. The $270k assessed value places it in a higher tier compared to most nearby homes.

This property would best suit a first-time buyer, a downsizer, or an investor seeking a modern, turn-key unit. It’s ideal for someone who prioritizes a newer build with fewer repair concerns and values a statistically strong investment within a community over features like extra storage or private outdoor space. A thoughtful perspective is that this home offers the benefits of a new(er) construction—like updated building codes and materials—without the premium price of a brand-new build, while its high rankings suggest it may hold its value well relative to its peers.

Frequently Asked Questions

1. What does the ranking (e.g., Top 1% on the street) actually mean?
These rankings compare this property's assessed value against all other properties in the stated area. Being in the top 1% on its street means its assessed value is higher than 99% of its immediate neighbours, signaling a strong perceived value in a direct comparison.

2. Is the lack of a basement or garage a significant drawback?
It depends on your lifestyle. It means significantly lower costs for heating, maintenance, and insurance, and eliminates concerns like basement flooding. However, it requires creative storage solutions and means all living space is on one level.

3. The living area is 913 sqft. Is that spacious enough for a small family?
While efficient for a couple or single individual, a small family would need to be comfortable with compact living. The open-concept layout common in 2017 builds helps the space feel larger, but bedroom and storage space will be at a premium.

4. The assessed value is $270k, but what will it likely sell for?
Assessed value is for municipal tax purposes and is not a direct indicator of market value. Sale price is determined by current market conditions, buyer demand, and the property's specific features. You should consult recent sale prices of comparable properties for a true market estimate.

5. The "related homes" listed have widely different values. Why is that?
The list includes properties users have viewed, not direct comparables. Many are likely new-build lots or homes in different development stages with unfinished assessments, which explains the lower values. Always focus on "similar assessed value" or "nearby properties" for a more accurate comparison.