Property Overview: 158 Evelyne Reese Boulevard

Key Characteristics & Appeal

This two-storey home, built in 2020, offers modern living in Winnipeg's Fraipont neighbourhood. With 1,492 sqft of living space, it sits comfortably around the average size for its immediate street and the wider city, suggesting a practical, manageable layout for everyday life. A key characteristic is its balance: it’s a relatively new build that avoids the premium often attached to brand-new construction, yet it’s modern enough to sidestep major immediate renovation needs. The property sits on a 3,262 sqft lot, which is compact compared to many city-wide averages but typical for its area, favoring low-maintenance outdoor space.

The appeal lies in its position as a sensible, contemporary home in an established newer subdivision. Its assessed value is notably below the Fraipont area average, which could indicate a value opportunity for a buyer seeking entry into this neighbourhood. The home would suit first-time buyers or downsizers looking for a modern, low-maintenance property without an oversized footprint. It’s also a practical fit for investors or buyers who prioritize a newer building envelope and systems over a large yard or extensive customization, as the basement is noted as not being renovated, presenting a blank canvas for future finishing.

Frequently Asked Questions

1. How does the property’s value compare to the area?
The home’s assessed value is significantly below the average for the Fraipont neighbourhood, ranking in the bottom 11% locally. This could reflect its specific features, such as the unfinished basement and lack of a garage, but may represent a relative value compared to other homes in the area.

2. What does the “unfinished basement” mean for me?
The basement is described as “not renovated,” meaning it is likely an undeveloped space. This is a common feature in newer builds and provides the next owner with the opportunity to finish it to their own specifications and budget, potentially adding significant living space and value.

3. Is the lot size a limitation?
The lot is compact, especially compared to older city neighbourhoods. This means less yard maintenance but also less private outdoor space. For those who prefer spending time in community parks or on decks/patios rather than maintaining a large garden, this can be a benefit rather than a drawback.

4. The home sold recently in late 2024. What does that indicate?
The recent sale suggests an active market for this type of property in Fraipont. For a prospective buyer, it underscores the importance of understanding current market conditions, as the value may be influenced by very recent comparable sales.

5. What are the trade-offs of a newer home like this?
The advantages are modern construction standards, newer appliances, and likely better energy efficiency. The trade-offs, as seen here, often include a smaller lot size and potentially less architectural character compared to older homes. You’re buying efficiency and low initial upkeep, rather than mature landscaping or established custom renovations.