Property Overview
This two-storey home on a large, 6,353 sqft lot in Island Lakes presents a solid opportunity in a well-established neighbourhood. Built in 1987, its key appeal lies in its generous proportions and recent updates. The nearly 1,900 sqft of living space is notably larger than many homes on its street and in the wider area, offering ample room for a growing family. A significant feature is the renovated basement, which adds valuable finished space. While it lacks a garage, the very large lot provides excellent outdoor potential and ranks highly for size within Winnipeg.
The property suits practical buyers looking for space and value over brand-new construction. It’s ideal for those who prioritize a bigger yard for children or gardening, and who can appreciate a home that has seen some modernization (like the basement) but may have other projects to make it their own over time. Its above-average size for the area, combined with a lot that offers future flexibility, makes it a thoughtful choice for long-term residents.
Frequently Asked Questions
How does the lot size compare practically?
At over 6,350 sqft, the lot is significantly larger than many in Winnipeg. This means more private outdoor space, potential for landscaping, gardening, or adding a shed, and generally less feeling of being crowded by neighbours.
What does the "renovated basement" typically mean for a 1987 home?
This usually indicates the basement has been finished into a livable space, such as a family room, office, or additional bedrooms. It’s a major value-add, but it’s wise to confirm the quality, permits, and the condition of core elements like the foundation and plumbing.
The home has no garage. How does the neighbourhood handle parking?
The property relies on driveway parking. In this established area, street parking is generally available for guests. For owners, planning for a future carport or dealing with winter vehicle clearing is a consideration without a garage.
Is the 1987 build date a concern?
Homes from this era are common in Island Lakes and are often well-built. The key is the maintenance and updates since then. The renovated basement is a plus, but a pre-purchase inspection should focus on the roof, windows, and major systems (HVAC, electrical) which may be nearing or past their typical lifespan.
How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. Comparable nearby listings with similar assessments are currently selling at higher market prices, so the assessment should be seen as a baseline, not an expected sale figure.