Property Overview: 22 Corbeil Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighbourhood presents a practical and value-conscious opportunity. Built in 1992, it is one of the newer homes on its street. With 1,626 sqft of living space and an attached garage, it offers a functional layout for everyday family life. The basement is present but not renovated, representing potential for future customization.
The primary appeal lies in its positioning as a relatively modern home within a mature, amenity-rich community, often at a more accessible point than newer subdivisions. The data suggests its assessed value is below average for both its immediate street and the wider Island Lakes area, which could indicate a competitive entry point into this desirable neighbourhood. However, it's worth noting the lot size is more compact than many in the area.
This property would suit first-time buyers or growing families seeking a turn-key home in a proven location without the premium price tag of a fully updated or maximized lot. It’s also a sensible match for value-oriented buyers who see potential in the unfinished basement and are comfortable with a standard-sized yard, prioritizing interior living space and community amenities over extensive outdoor space.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in Island Lakes?
The assessed value is below the neighbourhood average. This can sometimes reflect a home that is priced accessibly for the area, but it’s essential to view the property in person to understand its specific condition and layout relative to others.
2. Is the lot size a significant drawback?
At 4,616 sqft, the lot is smaller than many in Island Lakes. This means less yard maintenance but also less private outdoor space. For some buyers, this is a worthwhile trade-off for a newer home on a quiet street within the community.
3. What does "basement not renovated" imply?
It indicates the basement is unfinished or in its original state. This is a blank canvas for future development (like a rec room or suite) but requires a planned investment. Ensure you have it inspected to understand its current condition and potential.
4. The home sold in 2022. What does that recent sale history indicate?
A sale just a few years ago suggests the current market price will be closely influenced by that previous sale price and the modest changes made since. It provides a clear, recent benchmark for value.
5. As one of the newer homes on the street, are there any advantages?
Potentially. A 1992 build may have more modern construction standards, wiring, and insulation than much older homes, possibly leading to lower immediate update costs. It also suggests major components like the roof or windows might be in a different stage of their lifecycle than those on older homes.