Property Overview
This home at 23 Treasure Cove in Winnipeg's Island Lakes neighborhood presents a well-maintained, turnkey property built in 2001. Its key appeal lies in its balance of space, location, and modern readiness. The 1,634 sqft living area is efficiently sized, offering ample room for a family without being excessive to maintain. A significant feature is the renovated basement, which adds immediate functional living space. The attached garage provides convenience, especially during Winnipeg winters.
The home’s standout characteristic is its relative modernity compared to the broader city, placing it in the top 17% for year built citywide. This often translates to fewer major system updates in the near term. While the lot size is slightly smaller than others on its street, it is above average for both the Island Lakes area and the city, offering a manageable yard. The assessed value positions the property as a solid, mid-range home in its immediate area but as an above-average holding within the wider city context.
This property would suit practical buyers—perhaps young families or professionals—seeking a move-in-ready home in an established neighborhood. It’s ideal for those who value a renovated basement for extra living space or an income suite, and who prefer a home that doesn’t require immediate major updates. It may also attract value-conscious buyers looking for a property that stands above the city average in key metrics without a premium price tag.
Frequently Asked Questions
How does the lot size compare?
The lot is 7,014 sqft, which is smaller than the average on Treasure Cove itself but is actually larger than the typical lot for both the wider Island Lakes neighborhood and the city of Winnipeg as a whole.
Is the basement renovation permitted?
Prospective buyers should always verify with the city that any renovations, including the basement, have the proper permits and comply with local building codes.
What is the significance of the "above average" year built ranking?
Being built in 2001 places this home in the top 17% newest homes citywide. This generally suggests core components like the roof, windows, and major systems may have more usable life remaining than in the average Winnipeg home, potentially reducing near-term capital costs.
How stable have property values been on this street?
Based on available data, a home on this street sold in 2016 for between $365,000 and $395,000. Comparing this to the current assessed value of $499,000 can provide a general sense of historical value trajectory, though an exact analysis requires a professional appraisal.
Are there any recreational amenities nearby?
The home is in Island Lakes, a neighborhood known for its extensive pathway system around man-made lakes, which are used for walking, cycling, and skating. Proximity to schools, shopping, and other amenities should be confirmed via a neighborhood map.