Property Overview: 138 Evelyne Reese Boulevard, Fraipont

Key Characteristics & Appeal

This two-storey home, built in 2020, offers modern living with a recently renovated basement. Its key appeal lies in its balance of being a contemporary property within a well-established neighbourhood. At 1,492 sqft, the living space is practical and competitive for the immediate area. The lot size of 3,910 sqft is notably above average for Evelyne Reese Boulevard, providing more usable outdoor space than many neighbouring properties—a valuable asset in a newer subdivision.

The home’s assessed value positions it as an accessible entry point into a modern build, avoiding the premium often attached to brand-new construction while still offering the benefits of current building standards and minimal immediate maintenance. A thoughtful perspective is its city-wide standing: while the home is average for its street and area in many metrics, its 2020 build date makes it significantly newer than the typical Winnipeg home, which averages an age of nearly 60 years. This suggests a buyer gets a relatively modern asset in a mature city market.

This property would suit first-time buyers or downsizers looking for a low-maintenance, modern home without a sprawling yard to manage. It’s also a sensible match for value-conscious buyers who want the interior layout and systems of a newer build but are comfortable with a neighbourhood that is still developing its mature character.

Frequently Asked Questions

1. How does the property’s value compare to nearby homes?
The home’s assessed value is around average for its street but below the average for the wider Fraipont area. This can indicate a value opportunity within a desirable neighbourhood, especially when combined with the home’s recent build year.

2. What does the “renovated basement” include?
The listing confirms a renovated basement but does not specify the scope. A prospective buyer should inquire about the permits, finish quality, and whether it includes added bedrooms, a bathroom, or a legal secondary suite.

3. Is the lack of a garage a significant drawback?
The property has no garage, which is common for many newer, compact subdivisions. Buyers should consider driveway parking capacity and the potential for future shed or sheltered parking installation, subject to local bylaws.

4. The home sold recently in late 2024. Why is it back on the market?
The quick resale is not explained in the data. It could be due to many neutral factors like a job relocation, change in family circumstances, or an investor divesting. This history warrants a title search and a candid conversation with the seller’s agent.

5. How does the lot size impact future potential?
The above-average lot size for the street provides more flexibility than neighbouring properties. This could allow for a larger deck, garden, or play area. It may also present future expansion possibilities, though any addition would require checking with municipal zoning and setback regulations.