118 Ebb Tide Drive

Property Overview: 118 Ebb Tide Drive, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained home, built in 2005, offers a practical and comfortable living space in the established Island Lakes neighbourhood. Its key characteristic is balance: with 1,793 sqft of living area and a renovated basement, it provides ample room for a family without being oversized. The attached garage adds everyday convenience.

The appeal lies in its strong positional value within a desirable community. The data reveals a home that is consistently above average compared to the wider Winnipeg market, yet comfortably within the norms of its own street and neighbourhood. This suggests a property that holds its value well without being an outlier. A thoughtful perspective is its lot size (4,545 sqft), which is slightly smaller than the Island Lakes average. This translates to less yard maintenance—a potential perk for busy professionals or those seeking a more lock-and-leave lifestyle—while still providing private outdoor space.

It would suit first-time move-up buyers or growing families looking for a turnkey home in a mature area with good amenities. It also appeals to value-conscious purchasers who appreciate a home that performs well on key metrics like age, size, and assessed value relative to the city, indicating a sound investment in a stable community.

Section 2: Frequently Asked Questions

1. How does this home compare to others on the street?
It sits comfortably in the middle of the pack for Ebb Tide Drive. It's very average for lot and living area on the street, but is among the newer homes built (top 3%), and its assessed value is above the street average.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($531,000) is a municipal tool for calculating property tax and is often lower than market value. The last known sale was in 2020 for approximately $445k-$475k. Current market conditions and the home's updated condition will be the primary drivers of the final price.

3. What are the pros and cons of the lot size?
The lot is smaller than the typical Island Lakes property. This means less yard work and lower landscaping costs, which many appreciate. The trade-off is less expansive private green space compared to some neighbours.

4. What does "renovated basement" typically mean for a 2005 home?
In a home of this age, a renovated basement likely means it was finished after the initial build, potentially with modern amenities like a proper ceiling, flooring, drywall, and possibly a bathroom or recreational space. Specific finishes and permits should be verified.

5. How does this home rank for its age city-wide?
Very well. Built in 2005, it is newer than about 85% of all homes in Winnipeg, suggesting modern construction standards, efficient layouts, and potentially fewer major maintenance concerns in the near term compared to much older stock.