Property Overview: 10 Corbeil Place, Island Lakes, Winnipeg
Key Characteristics & Buyer Profile
This well-maintained one-storey home in the established Island Lakes neighbourhood offers a practical and comfortable living space. Its key appeal lies in its balanced, move-in-ready presentation. The home features 1,561 sqft of living area, which is above average for Winnipeg overall, and a renovated basement that adds functional space. Built in 1992, it is newer than most city homes, potentially suggesting fewer major age-related concerns. The attached garage and a manageable 4,826 sqft lot round out the practical offerings.
The home’s value is one of its thoughtful strengths. While its size and assessed value are typical for its immediate street and Island Lakes area, it positions very favourably in a city-wide context, offering more space than the Winnipeg average. This makes it a solid option for buyers seeking the amenities and green spaces of a mature suburban community like Island Lakes, but who are also mindful of long-term value within the broader market. It would suit first-time buyers, downsizers looking for single-level living without sacrificing space, or pragmatic investors seeking a stable rental property in a desirable area.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is very close to the average for both Corbeil Place and the wider Island Lakes area, indicating it is priced consistently within its immediate market.
2. Is the lot size a disadvantage?
The lot is smaller than the Island Lakes average, which may mean less backyard space than some homes in the community. However, it is near the city-wide average and requires less maintenance, which can be a benefit for many buyers.
3. What does "renovated basement" include?
The listing confirms the basement is renovated, but specific details on the finish, permits, or the scope of work should be verified with the seller or a home inspector.
4. When was it last sold, and for how much?
Public records indicate a sale between January and March 2019. For the exact sale price, you can request the information directly via the provided email service on the listing page.
5. How does the age of the home (1992) affect things?
A 1992 build is newer than over 75% of Winnipeg homes, which is a positive. However, it is now entering the period where original components (like the roof, windows, or major appliances) may need evaluation or planned replacement.