Property Overview: 10 Pamela Road, Island Lakes, Winnipeg
Key Characteristics & Buyer Profile
This is a well-maintained, renovated cabover home built in 2005, featuring 1,375 sqft of living space, an attached garage, and a renovated basement. Its appeal lies in its modern updates and its location within the established, family-friendly Island Lakes neighborhood. The data presents a nuanced picture: while the home's living and land area are below average for its immediate street and subdivision, its assessed value is strong citywide, and it is a newer build compared to most of Winnipeg. The renovated basement adds functional space, a key advantage not reflected in the main square footage figures.
This property would best suit first-time buyers, downsizers, or practical investors seeking a turn-key home in a desirable area without a premium for oversized lots or square footage. It’s for the buyer who values modern interiors and community amenities over having the largest property on the block, and who recognizes that its above-average citywide valuation suggests solid fundamentals.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,375 sqft, the living area is smaller than most direct neighbors on Pamela Road and in the Island Lakes area overall. However, it is very close to the average size for a home across the entire city of Winnipeg.
2. The assessed value seems low. Is that accurate?
The assessed value of $47.30k is a municipal assessment for tax purposes, not an indicator of market price. The data shows this assessment is actually above average compared to all Winnipeg homes, suggesting the city views the property favorably relative to others.
3. What does the sold price history indicate?
Public records show it last sold between $47.50k and $50.50k in late 2021. This historical range, likely reflecting the assessed value at that time, should be used as a baseline. Current market value will be determined by recent comparable sales, condition, and market trends.
4. Is the lot size a drawback?
The 4,177 sqft lot is smaller than typical for the area. This means less yard maintenance, which could be a positive for some, but may offer less private outdoor space than other homes in Island Lakes.
5. You mention a renovated basement. What does that include?
The listing confirms the basement is renovated but does not provide specific details. A prospective buyer should inquire about the scope of the renovation, the quality of finishes, whether permits were obtained, and the current layout and use of the space.