Property Overview: 119 Waterfront Road, Island Lakes
Key Characteristics & Appeal
This two-storey home on Waterfront Road is a solid, well-positioned property in the established Island Lakes neighbourhood. Built in 1987, it offers 1,686 sqft of living space with a renovated basement and an attached garage, situated on a 6,353 sqft lot. The data reveals its primary appeal is one of balanced, above-average value within the wider Winnipeg context. While its size and assessed value are typical for its immediate street and area, they rank notably higher when compared to the city overall. This suggests you get more house and land for your money here than in many other parts of the city.
The home would suit practical buyers looking for a move-in-ready foundation in a mature, family-friendly community. It’s ideal for those who prioritize space and neighbourhood amenities over a brand-new build, and who appreciate a home that has already seen some updates, like the basement renovation. A thoughtful perspective is that this property represents a “steady performer”—it may not lead the pack in its immediate area on paper, but its city-wide standing indicates a resilient investment in a desirable, long-established part of Winnipeg.
Frequently Asked Questions
1. How does this home really compare to others in Island Lakes?
The metrics show it is very much in the middle of the pack for the neighbourhood in terms of living area, lot size, and assessed value. This means it’s a representative, competitive offering for Island Lakes, neither the largest nor the smallest.
2. What does the “above average” city-wide ranking mean for me?
While the home is typical for Island Lakes, its size and assessed value are above the Winnipeg average. This highlights the relative value and space you get in this neighbourhood compared to many others across the city.
3. The home was built in 1987. What should I consider?
As a home from the late 1980s, prospective buyers should pay attention to the age and condition of major systems like the roof, windows, and HVAC during an inspection. The renovated basement is a positive update, but the overall maintenance history will be key.
4. Is the sold price history from 2020 relevant today?
The listed sale from late 2020 provides a historical benchmark, but market conditions have shifted since then. It should be used as a reference point only, and a current market evaluation is essential to understand its present value.
5. The lot is smaller than the street average. Is that a concern?
At over 6,300 sqft, the lot is still a generous size. While it’s below the average for Waterfront Road, it remains above the city average. The difference may be marginal in practical use and is balanced by the home’s other attributes.