Property Summary: 213 Island Shore Boulevard, Island Lakes, Winnipeg
Key Characteristics & Appeal
This one-storey home on Island Shore Boulevard is a practical offering in a well-established neighbourhood. Its key characteristic is its efficient, renovated 1,040 sqft layout, which is modest for the immediate area but aligns closely with the average Winnipeg home size. The property sits on a smaller, 3,988 sqft lot, which is a notable consideration for the Island Lakes community where larger lots are common. A detached garage and a renovated basement add functional space.
The appeal lies in its position as a more accessible entry point into the desirable Island Lakes area. For buyers who prioritize location and community amenities over square footage or expansive yard space, this represents a value-conscious opportunity. It suits first-time buyers, downsizers seeking single-level living, or investors looking for a property in a stable family neighbourhood. A thoughtful perspective is that the smaller lot and home size translate to less maintenance, which can be a significant hidden benefit for busy professionals or those looking to reduce upkeep costs and time.
Frequently Asked Questions
1. How does this home’s size compare to others in Island Lakes?
This home’s living area is below the neighbourhood average. It ranks in the bottom 5% for size within Island Lakes, where comparable homes average about 1,635 sqft. This is a key factor in its positioning and price.
2. Is the assessed value of $390k typical for the area?
The assessed value is below the Island Lakes average. It ranks in the bottom 5% for the neighbourhood, where comparable homes have an average assessed value of about $495k.
3. What are the implications of the smaller lot size?
The 3,988 sqft lot is significantly smaller than most in Island Lakes, ranking in the bottom 1%. This means less private outdoor space but also less yard work. It’s important to verify any plans for decks, sheds, or additions with local setback bylaws.
4. The home was built in 1986. Should I be concerned about major repairs?
While the home is 40 years old, a renovated basement is noted. It’s always prudent to have a thorough inspection focusing on major age-related systems like the roof, windows, and foundation, which may be nearing or past their typical lifespan.
5. Where can I find the exact historical sale price?
The listing service provides an estimated sold price range from July 2023. To obtain the exact sale price, you must request it directly from them via email, as they manually provide this data to comply with local regulations.