Property Overview
15 Causeway Bay is a well-maintained, late-90s family home in Winnipeg's established Island Lakes neighbourhood. It presents a balanced offering of space, location, and value, standing out for its above-average assessment in a desirable area.
Key Features & Ideal Buyer
This home’s primary appeal lies in its solid, move-in-ready foundation within a mature community. The 1,618 sqft living area is spacious for the street and neighbourhood, and the renovated basement adds valuable functional space. Its attached garage and generous 5,800+ sqft lot are standard for the area but remain significant assets. The standout characteristic is its assessed value of $53.70k, which ranks in the top 8% on its street and top 21% in Island Lakes, suggesting a property that is well-kept and valued above many of its direct peers.
The home would best suit practical buyers—growing families or professionals—who prioritize a stable, established neighbourhood over a brand-new build. It’s for someone who sees value in a home from an era known for reliable construction, and who appreciates a property that already holds strong assessed value within its community. A less obvious perspective is that this home represents a "known quantity"; its consistent rankings indicate it’s a secure, middle-ground choice in its market segment, avoiding the extremes of being either a bargain fixer-upper or a premium showcase property.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 1,618 sqft, the living space is slightly above the average for Causeway Bay and is competitively sized for Island Lakes. City-wide, it sits comfortably above average, offering more interior space than about 75% of Winnipeg homes.
2. What does the assessed value ranking mean?
The assessment is notably strong. It’s higher than 92% of homes on its own street and 79% of homes in Island Lakes. This typically reflects factors like lot desirability, improvements, and overall condition compared to neighbours.
3. Is a 1998-built home considered old?
Not in the Winnipeg context. Built in 1998, it is newer than about 82% of homes across the city. In Island Lakes, it’s close to the neighbourhood average, placing it in the mainstream for this established area.
4. What is the lot like?
The lot is just under 5,836 sqft, which is very typical for both the street and Island Lakes. It provides standard suburban outdoor space for gardening, play, or entertaining.
5. What was its recent sale history?
Public records indicate it sold in October 2022 for between $55.50k and $58.50k. For the precise sale price, you can request the exact figure via email from SaveOnHouse.