Property Overview: 10 Leger Crescent, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained bi-level home built in 1987, featuring 1,112 sqft of living space, a renovated basement, an attached garage, and a 5,000 sqft lot. Its core appeal lies in being a solid, entry-level property in the established and family-friendly Island Lakes neighbourhood. The recent basement renovation adds modern livable space, offering good functional value for its size.
The home’s standout characteristic is its value positioning. While its living space and assessed value are below average for its immediate street and area, they are much more aligned with city-wide averages. This presents a practical opportunity: you're buying into a desirable neighbourhood at a potentially more accessible point, without the premium typically attached to larger homes on the same block. It suits first-time buyers, downsizers, or investors looking for a manageable property in a mature community with parks and amenities. A thoughtful perspective is that this home, while not the largest on the street, benefits from the same location and community features as its neighbours, offering a chance to enter the area where you might otherwise be priced out.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $41,500 is for municipal tax purposes. The actual market value and recent sold prices, which are higher, are influenced by current market conditions, the home’s updated condition, and buyer demand.
2. How does the home’s size compare practically?
At 1,112 sqft (plus renovated basement), it is notably cozier than the average Island Lakes home (~1,635 sqft). This makes it efficient and easier to maintain, but buyers should ensure the layout meets their space needs, especially if considering a growing family.
3. What does the "below average" ranking on the street mean?
The rankings show this home is among the more modest properties on Leger Crescent in terms of size and official assessed value. This isn’t necessarily negative; it often translates to a lower property tax burden and can mean less competition from buyers seeking larger, higher-priced homes.
4. The home was last sold in 2016. What should I consider?
A nine-year ownership period suggests the sellers have likely undertaken consistent maintenance. It’s a good opportunity to ask about updates beyond the basement, such as the roof, windows, or major systems, to understand the home’s current condition fully.
5. Is the lot size a disadvantage?
At 5,000 sqft, the lot is smaller than some on the street but is very close to the average for Winnipeg. It provides a manageable yard space for gardening or recreation without excessive upkeep, which can be a plus for many buyers.