Property Overview: 19 Frigate Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This home is a well-proportioned, established property in the sought-after Island Lakes neighborhood. Built in 2004, it offers 1,822 sqft of living space, which is consistently above average for the area and the wider city. Its appeal lies in its balanced, move-in-ready profile: it features a renovated basement and an attached garage, situated on a standard-sized lot. The assessed value of $560k places it in the top tier of homes locally, suggesting a quality finish and desirable location.
The property’s strength is its consistent performance across key metrics—it doesn’t lead in any single category but ranks comfortably above average in size, value, and modernity for its surroundings. This makes it a stable, low-surprise option. It would suit practical buyers—growing families or professionals—who prioritize space and neighborhood amenities over a brand-new build or an oversized lot. It’s for those seeking a home that holds its own in the community without being the largest or most expensive on the block.
Frequently Asked Questions
1. How does this home truly compare to others on the street?
While its living space is around the street average, its assessed value is in the top 19% on Frigate Bay. This suggests it may have superior finishes, updates, or a more favorable layout than many of its direct neighbors.
2. What does the sold price history indicate?
Records show a sale in May 2022 in the $685k-$715k range. This was significantly above the current assessed value, which is common, but it indicates strong buyer demand for this specific property at that time.
3. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
4. How does the lot size impact potential for expansion or privacy?
At 5,288 sqft, the lot is typical for Island Lakes. It provides adequate backyard space but may limit significant future additions like a large deck or extension without creative design.
5. What is the significance of the "cabover" building type?
"Cabover" typically refers to a house style with a second story that overhangs the first, often creating covered entryways. It’s a specific architectural style common in many Winnipeg suburbs, offering a distinctive street presence and potentially unique interior layouts.