Property Overview: 173 Island Shore Boulevard, Island Lakes
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1986, offering 1,040 sqft of living space with an unfinished basement and a detached garage. Its key appeal lies in its position as an accessible entry point into the established Island Lakes neighbourhood. The home presents a practical, no-frills opportunity. While its living space, assessed value, and lot size are below average for the immediate street and area, it ranks closer to the city-wide average on several metrics. This suggests you are paying primarily for the location within a desirable community, rather than for the size or condition of the structure itself.
The property would suit first-time buyers or investors seeking a foothold in a mature area without a premium price tag. It’s a home for those comfortable with a property that may require updates over time, seeing potential where others might only see comparatives. The modest scale could also appeal to downsizers looking to stay in the area but in a more manageable footprint. A thoughtful perspective is that its lower assessment, relative to the neighbourhood, could present a different value proposition depending on municipal tax calculations and future improvement potential.
Frequently Asked Questions
1. Is this a good value for the Island Lakes area?
This home is priced below the area average for a reason: its size and assessed value are in the bottom tier for Island Lakes. The value is in securing a lot and an address in the neighbourhood itself, making it a trade-off between location and property scale.
2. What does "below average" for assessed value on the street mean?
The home’s official assessed value ($34,200) is among the lowest on Island Shore Boulevard. This generally indicates a more modest home compared to its neighbours, which could influence property taxes, but it's essential to verify with current tax statements.
3. The sold price history shows a range. What was the exact sale price?
The listing service provides an estimated sold price range from its last sale. To obtain the exact figure, you must request it directly from the site via email, as they manually provide this data.
4. What are the implications of having an unfinished basement?
It offers flexible storage or future expansion potential without the cost of undoing previous renovations. However, any finishing would be an additional project and investment for the buyer.
5. How does the 1986 build year compare?
While newer than the Winnipeg city average, it is older than most homes in Island Lakes. This suggests the home may have original components that could need attention or updating, but it also comes from a building era with generally standard construction practices.