Property Overview: 12 Peres Oblats Drive, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, single-storey home in Winnipeg's established Island Lakes neighborhood. Its most defining feature is the exceptionally large lot—at nearly 10,000 sqft, it ranks in the top 2% on its own street, offering significant outdoor space that is rare for the area. The home itself is of average size for Winnipeg (just over 1,180 sqft) but comes with a renovated basement and a detached garage. Built in 1988, it sits comfortably within the average age range for its immediate community.
The primary appeal lies in the land itself. This property is a standout for buyers who prioritize generous outdoor room for gardening, recreation, or future expansion over a large interior footprint. The renovated basement adds functional living space, making the home practical despite its modest main-floor square footage. It recently sold in late 2024, indicating solid market interest.
This home would best suit first-time buyers, downsizers, or practical-minded households seeking an affordable entry into a mature neighborhood with the bonus of a premium-sized yard. It’s for those who see the land as the key asset and are comfortable with a home that is functional and updated in key areas, rather than expansive.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living area is below average for both Peres Oblats Drive and the broader Island Lakes neighborhood, but it is very close to the city-wide average for Winnipeg homes. This indicates a more compact interior layout compared to its immediate peers, but one that is typical for many homes across the city.
2. What does the "Elite" ranking for Land Area mean?
This statistical ranking shows that this property’s lot size of 9,863 sqft is larger than 98% of the lots on Peres Oblats Drive. It is a truly standout feature, offering more than double the land area of the average comparable lot on the same street.
3. Is the assessed value a reliable indicator of the recent sale price?
The 2024 sale price range provided aligns closely with the home’s assessed value, suggesting the assessment is current and the sale was near market value. For precise figures, the exact sold price is available upon request from the listing source.
4. What is the significance of the home’s age (1988)?
At 38 years old, the home is of average age for its street and neighborhood. This typically means major components may be due for review or updates, but it also places the home in a stable, established community with mature landscaping.
5. Who might this property not suit?
Buyers seeking a large, modern interior with an open-concept layout or those wanting a move-in-ready home with all contemporary finishes may find the living space limiting. It’s also less suited for those who prefer a low-maintenance, small yard.