Property Overview: 2 Myles Robinson Way, Island Lakes
Key Characteristics & Appeal
This single-storey home in Island Lakes presents a compelling mix of space, location, and value. Its key characteristic is the generous 12,192 sqft lot, which places it in the top 4% of the neighbourhood and top 3% city-wide, offering significant outdoor space and privacy rare for the area. The 1,626 sqft living area is above average for Winnipeg, providing comfortable room for daily life. A renovated basement adds functional living space. Built in 1992, it is one of the newer homes on its street, suggesting more contemporary construction standards.
The appeal lies in this balance: it’s a home with a substantial, premium-sized yard in a well-established neighbourhood, without the premium price tag often associated with such lots. It suits buyers who prioritize outdoor space for gardening, play, or future expansion over having the largest interior on the block. It would also suit those looking for a move-in-ready, single-level layout with a modernized basement, ideal for multi-generational living or a home office. A thoughtful perspective is that while the home's living space is modest for its immediate street, its elite-sized lot represents a scarce commodity that is increasingly valuable and impossible to replicate in newer subdivisions.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $62,300. It last sold in July 2024 for an estimated $69,500-$72,500, indicating its market value is currently above its assessed value for tax purposes.
2. Is the lot size typical for Island Lakes?
No, it is exceptional. At over 12,000 sqft, the lot is nearly double the neighbourhood average and ranks in the top 4% of all homes in Island Lakes.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to verify during a viewing to understand the quality and functionality of the additional space.
4. The home seems smaller than others on the street. Is that a concern?
The living area is below the average for Myles Robinson Way. This is reflected in its value positioning and may be a trade-off for the much larger lot. It appeals to those who value land over sheer interior square footage.
5. How stable have property values been here?
Sales history shows steady appreciation. Previous sales were in the $49,500-$52,500 range (2017) and $54,500-$57,500 range (2021), with the 2024 sale demonstrating continued growth.