Property Overview
This two-storey home at 2 Pamela Road in Winnipeg's Island Lakes neighbourhood presents a balanced, move-in-ready opportunity. Its key appeal lies in being a well-proportioned, modern home that requires no major updates, situated in a quiet, established area.
Key Characteristics & Ideal Buyer
The home's 1,656 sqft of living space is comfortably above the Winnipeg average, offering ample room without being oversized. A significant feature is the renovated basement, which adds immediate functional space without the need for future investment. Built in 2006, the property is notably newer than most in both the city and the immediate Island Lakes area, suggesting modern building standards and potentially lower near-term maintenance costs. The attached garage and a land size that is generous for its street (over 5,200 sqft) complete the practical picture.
Its appeal is one of stability and convenience. It suits buyers looking for a turnkey home in a mature suburb—perfect for a young family seeking a move-in-ready property, or for downsizers who want single-floor living potential (with the renovated basement) but in a modern, low-hassle build. The data shows it performs solidly against local benchmarks: it's not the largest or most expensive on the block, but it holds its own with above-average rankings for its age and size city-wide. This positions it as a sensible, value-conscious choice in its market segment.
Frequently Asked Questions
1. How does this home compare to others on Pamela Road?
The home is consistently around or above average for the street in key metrics. It has a newer build year than most neighbours, a larger-than-average lot for the street, and its living area and assessed value are both squarely in the middle of the local range.
2. 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 request, as it determines whether the space is suited for a recreation room, additional bedrooms, a rental suite, or other uses.
3. Is the assessed value an accurate reflection of the likely selling price?
The assessed value is $50.20k (note: this appears to be a truncated figure; typical Winnipeg assessed values are in the hundreds of thousands). It serves as a municipal tax benchmark, not a market price. The sold price history shows a recent sale in late 2024, and obtaining that exact price from the provider is recommended for the most accurate market comparison.
4. What are the advantages of a 2006 build year?
A home built in 2006 benefits from modern construction codes, energy efficiency standards, and wiring for current technology. It likely means major components (roof, windows, HVAC) are newer than in older homes but may be nearing the end of their typical lifespan, so a inspection is still advised.
5. How does Island Lakes compare to other Winnipeg neighbourhoods for value?
The data shows that for a home of this size and assessed value, it ranks higher city-wide (top 19-23%) than it does within Island Lakes itself (top 40-46%). This suggests the property represents stronger value compared to the entire Winnipeg market, while being a standard offering within the desirable Island Lakes community.