Property Overview: 156 Evelyne Reese Boulevard

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2020, offers modern living in Winnipeg’s Fraipont neighbourhood. Its key appeal lies in its balance of being a relatively new build—which typically means fewer immediate maintenance concerns and modern building standards—with a below-average assessed value for the area. With 1,492 sqft of living space, it provides comfortable room for a small family or couple, ranking around average for size both on its street and city-wide.

The property’s standout characteristic is its value proposition. While its assessed value is below average for Fraipont and its specific boulevard, it is a newer home compared to the typical Winnipeg house (which averages from 1966). This creates an interesting dynamic: you’re acquiring a contemporary home in a setting where older properties often command higher valuations, potentially indicating room for value growth or simply an efficient purchase price.

The lot is compact at 2,292 sqft, which means lower yard maintenance but less private outdoor space—a trade-off that suits buyers seeking a lock-and-leave lifestyle or those who prioritize interior space over land. The home has a basement (unrenovated) and no garage or pool.

This property would best suit first-time homebuyers or downsizers looking for a modern, move-in-ready home without a premium price tag. It’s also a practical fit for value-conscious buyers who want the benefits of a new build (like updated systems and efficiency) but are comfortable with a smaller lot size typical of newer subdivisions.

Section 2: Frequently Asked Questions

1. Why is the assessed value below the neighbourhood average?
While newer, the home’s assessed value is below the Fraipont average. This can be influenced by its specific location on the boulevard, its compact lot size, and the lack of a garage. It’s important to distinguish assessed value for taxes from current market value.

2. What does “basement, not renovated” mean?
The home includes a basement, but it is finished to a basic or builder-grade standard. It provides functional space for storage, laundry, or a recreation area, but may not have high-end finishes or dedicated rooms.

3. How does the lot size impact daily living?
At just under 2,300 sqft, the yard is manageable with minimal upkeep. This is a benefit for those who dislike yard work, but it may not suit those wanting extensive gardens, large play structures, or significant outdoor privacy from neighbours.

4. The home sold in late 2022. What does that recent sale history indicate?
The sale two and a half years ago provides a solid, recent price benchmark. As a relatively new home, its resale so soon could reflect typical life changes of the first owners, rather than any issue with the property itself.

5. What are the trade-offs of a home with no garage?
The lack of a garage affects vehicle storage, security, and workshop or storage space. Buyers should consider the cost and feasibility of adding a shed or covered parking, and factor in winter vehicle warming.