Property Overview: 15 Berube Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes offers a practical layout with 1,735 sqft of living space, which is notably above average for both the immediate street and Winnipeg overall. Built in 1986, it sits on a standard 6,042 sqft lot for the neighborhood. Key features include an attached garage and an unfinished basement, presenting a blank canvas for future development.
The primary appeal lies in its space efficiency and established location. The living area is generous compared to many city homes, offering room to grow without an oversized footprint. Its assessed value is positioned below the local area average, which could indicate a relative value opportunity within the desirable Island Lakes community. This property would suit a buyer looking for a solid, well-sized family home in a mature neighborhood, who is comfortable with a house of this vintage and sees potential in personalizing the unfinished basement over time. It's a pragmatic choice for those prioritizing interior space and lot size over a recently built or fully renovated home.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often different from market value. This home's assessed value is below the Island Lakes average, but market price will be determined by current demand, condition, and recent sales of comparable homes.
2. What does the "unfinished basement" mean for me?
The basement is a usable space but not developed into finished rooms (like a rec room or bedroom). This is a common feature in homes of this era and offers the next owner the opportunity to customize the layout and finishes to their own taste and budget.
3. The home is 40 years old. What should I consider?
While the core structure is from 1986, key systems like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespan. A thorough home inspection is essential to understand the condition and anticipate any major maintenance or updates needed.
4. How does the living area compare to newer homes?
At 1,735 sqft, the living area is larger than the average Winnipeg home. While some newer builds may have more open-concept layouts, this size provides substantial room, often with defined separate rooms, which some families prefer.
5. What is the neighborhood like?
Island Lakes is an established, family-oriented community in southeast Winnipeg known for its lakes, pathways, and parks. The property's rankings show it is a fairly typical home for the street and area in terms of size and lot, suggesting a consistent, mature streetscape.