Property Overview
This two-storey home on Peres Oblats Drive in Island Lakes is a well-positioned property that balances space, location, and value. With 1,663 sqft of living space, an attached garage, and a renovated basement, it offers practical family living in a mature, established neighbourhood.
Key Characteristics & Appeal
The home’s primary appeal lies in its solid, middle-ground positioning. Its living space is comfortably above the Winnipeg city-wide average, providing ample room without being oversized. The renovated basement adds valuable flexible space. While the lot is slightly smaller than others on the street, it translates to less yard maintenance. The 1988 build date places it in a period of reliable construction, and its assessed value is notably above the city median, suggesting good inherent value for the price.
This property would suit first-time buyers or growing families looking for a move-in ready home with modernized touches in a quiet, family-oriented community. It’s also a sensible choice for value-focused buyers who appreciate a home that performs well in city-wide comparisons without the premium of a brand-new build or a massive lot.
Frequently Asked Questions
1. How does this home compare to others in Island Lakes?
It sits comfortably in the middle range for the neighbourhood in terms of size, age, and value. Its living space is just above the area average, while its assessed value is slightly below the neighbourhood average, which could indicate a relative value opportunity.
2. Is the lot size a concern?
The land area is smaller than most on its own street but is close to the average for Island Lakes overall. For buyers who prefer less yard work, this is an advantage. For those prioritizing extensive outdoor space, it’s a consideration.
3. What does the "above average city-wide" ranking mean?
When compared to all homes in Winnipeg, this property ranks in the top 23% for living space and top 28% for assessed value. This indicates you get more interior space and a higher valuation benchmark than most properties across the city.
4. The home sold in early 2020. What can that price tell me?
The sold price range from 2020 provides a historical benchmark, but it does not reflect current market value. It’s most useful for understanding price trends over time when compared to similar sales.
5. You mention a renovated basement. What details are available?
The listing confirms the basement is renovated but does not specify the scope, finishes, or permits. This is a key detail to request from the selling agent to understand the quality and legality of the work.