Property Overview: 587 De La Seigneurie Boulevard, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fraipont is a modern property, built in 2020, offering move-in readiness with a renovated basement. Its key strength lies in its above-average size and value within its context. With 1,850 sqft of living space, it ranks in the top 15-23% for size both on its street and in the wider neighbourhood, offering more room than many comparable homes. The assessed value also places it in the top tiers locally, suggesting a premium build quality, finishes, or desirable lot placement relative to the area.

The appeal is grounded in acquiring a relatively new construction that requires minimal immediate work, coupled with the efficiency of an attached garage. The renovated basement adds valuable flexible space. The lot size is typical for the area, indicating a low-maintenance yard ideal for busy professionals or small families rather than extensive gardening.

This home would best suit buyers looking for a modern, turnkey property in a developed neighbourhood who prioritize interior space and contemporary amenities over a large yard. It’s a strong option for those seeking a balance between a newer home’s advantages and established community feel, without the premium often associated with brand-new subdivisions.

Section 2: Frequently Asked Questions

1. How does the sold price history influence the current value?
The home sold in May 2020 for approximately $42.5k-$45.5k. The current assessed value of $53.50k reflects market changes and improvements since then, notably the basement renovation. This history shows significant equity growth, but a current appraisal would be needed for today’s exact market value.

2. Is the lot size a limitation?
At 4,242 sqft, the lot is average for De La Seigneurie Boulevard and Fraipont. It provides standard outdoor space for a patio, play area, or gardening, but is not suited for large additions or sprawling landscapes. This can be a positive for those seeking lower outdoor maintenance.

3. What does its "above average" ranking truly mean for the neighbourhood?
Ranking in the top 10-15% for value on its street and top 22% in Fraipont indicates this is considered one of the more substantial properties in the area. This can be a point of stability and pride, but it also means property taxes will likely reflect this higher assessment.

4. What are the implications of having so many similarly valued homes in different neighbourhoods?
The list of homes with a similar $53.50k assessed value in areas like Vialoux and Elmhurst shows that at this price point, buyers have cross-neighbourhood options. It underscores the importance of visiting this specific street and Fraipont to compare what the value represents in terms of house style, lot, and community amenities.

5. Why is the year built ranking so different between "same street" and "citywide"?
On its street, built around 2008 on average, a 2020 home is newer than many (top 24%). Citywide, where the average home is from 1966, it’s in the elite top 3% for age. This highlights a key benefit: you’re buying one of the newest homes in Winnipeg overall, but on a street with a mix of ages, which can offer more mature landscaping and an established feel.