Property Overview
This two-storey home at 104 Brian Monkman Bay in Winnipeg's Island Lakes neighbourhood presents a well-maintained and updated living space. Its key appeal lies in its balance of community amenities and modern comforts within a solid, established area. The home features a renovated basement, an attached garage, and a private pool. Built in 2004, it is notably newer than many homes city-wide. With 1,633 sqft of living space and a 5,439 sqft lot, it offers room for family life without excessive upkeep. The property’s assessed value positions it above average for both the Island Lakes area and Winnipeg overall, suggesting a quality build and desirable location.
This home would suit a practical buyer looking for a turn-key property in a family-oriented neighbourhood. It’s ideal for those who value having recreational amenities like a pool right at home and appreciate a home that is contemporary enough to avoid major immediate renovations, yet settled into a mature community. The data indicates it offers above-average value for its area, appealing to buyers seeking a sensible long-term investment in a stable market.
Frequently Asked Questions
1. How does this home compare in size and value to others in Island Lakes?
The living area is right at the neighbourhood average, but the assessed value is in the top 18% for Island Lakes. This suggests you're paying for above-average quality, finishes, or lot appeal rather than sheer square footage.
2. What does the sold price history indicate?
The home sold in July 2024 for between $595,000 and $625,000. This final sale price was significantly higher than its assessed value, which is common in active markets, and places it in the top 5-15% of sale prices for comparable properties in the area at that time.
3. Is the pool a major factor in maintenance and cost?
Yes. While a private pool is a standout luxury for the area, buyers should budget for ongoing seasonal maintenance, higher utility costs, and insurance considerations. It's a premier feature but comes with defined responsibilities.
4. The home is described as newer for the city. What are the advantages?
Built in 2004, it ranks in the top 15% city-wide for age. This typically means more modern building codes, materials, and systems (like plumbing and electrical), potentially leading to lower near-term repair costs compared to much older Winnipeg homes.
5. How does the lot size compare?
The lot is just under 5,500 sqft, which is average for its immediate street but slightly smaller than the broader city average. It provides good outdoor space for a pool and yard, but may not offer as much expansive privacy as some larger rural or suburban lots.