189 Island Shore Boulevard

Property Overview: 189 Island Shore Boulevard, Island Lakes

Key Characteristics & Buyer Appeal

This one-storey home on Island Shore Boulevard is a compact, established property built in 1986. With 1,059 sqft of living space and a renovated basement, it sits on a 4,252 sqft lot. The home lacks a garage and pool. Its standout characteristic is value: with an assessed value significantly below the averages for both its street and the wider Island Lakes neighbourhood, it presents a notably affordable entry point into this area. While its living space and lot size are modest compared to immediate neighbours, it ranks closer to the city-wide average, suggesting it offers a more typical Winnipeg footprint at a below-typical price for its specific community.

The appeal lies in its potential as a cost-effective foothold in a desirable neighbourhood. It would suit first-time buyers or downsizers seeking single-level living without a large property to maintain. The renovated basement adds functional space. A thoughtful perspective is that its "below average" metrics for the area could be an advantage for a buyer prioritizing financial flexibility over square footage, allowing for equity growth in a well-regarded location without a premium entry cost. It’s a practical choice over a prestige one.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on factors like the home's size, age, and features. Being smaller and older than many homes on the street and in Island Lakes results in a lower assessment, which typically correlates with lower property taxes.

2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent, as it could range from cosmetic updates to a fully developed living space.

3. Is there parking available without a garage?
The property has no garage. Buyers should investigate driveway space or on-street parking permits to accommodate their vehicles.

4. How does the sold price history help determine value?
The recorded sale in late 2022 gives a recent market benchmark. Understanding how the current asking price relates to that last sale price, considering any updates made since, is crucial for evaluating the deal.

5. For a home of this age, what major systems should be inspected?
Given the home is 40 years old, a thorough inspection of the roof, foundation, plumbing, electrical systems, and the furnace/air conditioning is highly recommended to anticipate potential maintenance needs.