Property Overview: 112 Wayfarer's Haven, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes is defined by its above-average scale and generous lot. With 2,109 sqft of living space, it ranks in the top 7-8% for size both on its street and in the wider city, offering more room than most comparable homes. This is complemented by a large, 10,043 sqft lot, placing it in the top 14% on its street for land area. The home features a renovated basement and an attached garage, and was built in 2001—a period that often balances modern building standards with established neighborhood maturity.
The appeal lies in securing a property that outperforms key metrics in its immediate area and across Winnipeg. It’s not just a spacious home; it’s a consistently above-average one in a sought-after neighborhood. The high assessed value ranking, especially its "Elite" top 3% standing in Island Lakes, signals strong intrinsic value relative to the area.
This home would suit buyers prioritizing space, both indoors and outdoors, who see value in a property that stands out statistically in its peer group. It’s ideal for growing families or those who entertain, and for value-conscious buyers who appreciate a home with a strong positional foundation in the market.
Frequently Asked Questions
1. What does the "Elite" ranking for Assessed Value in Island Lakes mean?
It means this home’s assessed value is in the top 3% of all 2,119 comparable properties in the Island Lakes area, indicating it is valued significantly higher than the neighborhood average. This often reflects the home’s larger size, lot, and renovations.
2. How does the lot size compare practically?
At over 10,000 sqft, the lot is substantially larger than the Island Lakes average (~6,400 sqft). This translates to more private outdoor space, greater potential for landscaping, gardens, or additions, and typically more distance from neighbors.
3. The home was built in 2001. Are there any considerations with that age?
Homes from this era benefit from modern wiring and materials, but major components like the roof, HVAC system, or original windows may be nearing or due for proactive maintenance or replacement, which should be factored into a inspection.
4. The sold price history shows a range. How can I get the exact figure?
The exact sold price is available upon request from the listing service. You can provide your email to receive the precise figure, as this data is manually verified to ensure accuracy.
5. The living area is in the top 8% city-wide. Is the layout efficient?
While the data confirms generous square footage, efficiency and layout are not specified. The ranking means you have more space to work with than most Winnipeg homes, but viewing the floor plan or visiting in person is essential to see how the space flows and meets your needs.