703-1355 Lee Boulevard

Property Overview: 703-1355 Lee Boulevard, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modern, low-maintenance condo located in Winnipeg's Fairfield Park neighbourhood. Built in 2018, it is one of the newest residences on its street and in the immediate area, offering contemporary construction and likely fewer immediate repair concerns. With 913 square feet of living space, it provides a comfortable footprint that is very close to the city-wide average for homes, suited to individuals, couples, or small families seeking a manageable space.

Its primary appeal lies in its balance of modernity and value. While the living space is competitively sized, its assessed value is notably lower than many direct neighbours, potentially indicating a more accessible entry point into a newer building. This combination makes it a practical choice for first-time buyers, downsizers looking for a modern lock-and-leave lifestyle, or investors seeking a relatively new property with strong rental appeal in a central Winnipeg community. A thoughtful perspective for buyers is to consider the trade-off: you are acquiring a newer, low-maintenance property, but within a condo structure that comes with associated fees and regulations—a worthwhile exchange for those prioritizing predictability and modern amenities over the autonomy of a detached house.

Section 2: Frequently Asked Questions (FAQs)

1. How does this condo’s value compare to the area?
The assessed value of $270k is below the average for similar properties on Lee Boulevard itself, but aligns closely with the average for the wider Fairfield Park area. This suggests it may represent a relative value within its own building or complex.

2. What does the sale history indicate?
The property sold recently in December 2024. The listed sale price range shows a significant increase from its previous sale in early 2019, reflecting market appreciation over a nearly six-year period.

3. Is the living space considered small?
At 913 sqft, it is moderately sized. It ranks in the top two-thirds for space compared to city-wide homes, but is somewhat smaller than the average unit specifically on Lee Boulevard. It is a efficient, average-sized condo layout.

4. Why is the "Year Built" ranking so high?
The rankings show it is in the top 1% for its build year on its street and in Fairfield Park. This simply means there are very few homes newer than 2018 in those specific comparison groups, highlighting its modern status in a mature neighbourhood.

5. What are the next steps to get more precise information?
The exact sale price is not publicly listed. As noted on the detail page, you can submit a request via email to the listing service to receive the precise transaction figure, as they manually provide that data to interested parties.