Property Overview: 2 Beaupre Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in Island Lakes presents a practical opportunity in a well-established neighbourhood. Built in 1986, it stands out on its street as one of the original homes, suggesting a well-maintained, mature streetscape. With 1,231 sqft of living space and a renovated basement, it offers functional space for a small family or couple. The attached garage and a land size of over 5,000 sqft that is above average for the immediate area are tangible assets, providing good outdoor space and convenience.
The appeal here is one of balance and value within its micro-market. While its living space and assessed value are modest compared to the broader Island Lakes area, they are competitive on its own street and city-wide. This positions the home as a potentially more accessible entry point into a desirable neighbourhood. It would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space, or an investor seeking a stable rental property in a family-oriented community. A thoughtful perspective is that an older home on a street of similar vintage may come with fewer surprises regarding major systems than a newer home surrounded by recent, more extensive renovations, offering a different kind of move-in readiness.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is around average for the city and for Beaupre Bay street itself, but is below the average for the wider Island Lakes neighbourhood. This suggests you may be getting more house and land for your dollar here than in some other parts of Island Lakes.
2. Is the basement renovation reflected in the assessed value?
While a renovated basement adds functional living space and appeal, municipal assessed values are based on mass appraisal techniques and may not fully capture the value of recent, quality renovations. This can sometimes present a value opportunity for a buyer.
3. What does it mean that this is one of the older homes on the street?
With a build year of 1986 ranking in the top 3% on its street, this is likely one of the original houses. This can be positive, indicating a settled streetscape, but it also means buyers should pay close attention to the age and condition of major components like the roof, windows, and heating system.
4. How accurate are the sold price ranges shown?
The listed sold price ranges are estimates based on public data. For precise historical sale prices, you must request the information directly via the provided email service, which manually verifies the data.
5. Who would this property suit best?
This home is well-suited for first-time buyers seeking a foothold in a mature neighbourhood, or for practical downsizers who want a manageable home but still value a decent-sized yard. Its street-level competitiveness also makes it a candidate for long-term holders who believe in the fundamental value of the location.