Property Overview: 257 Island Lakes Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in the established Island Lakes neighbourhood offers practical, single-level living. Its key characteristics include 1,252 sqft of living space, a renovated basement, and an attached garage, all situated on a 4,397 sqft lot. Built in 1991, the home is newer than many in Winnipeg overall.
The appeal lies in its balance and readiness. The renovated basement adds immediate functional space without the need for projects, which is a significant advantage. While the lot and living area are modest for the immediate Island Lakes area, this translates to less exterior maintenance and a home that is efficient to heat and maintain. Its assessed and recent sold prices position it as a more accessible entry point into this desirable, family-friendly neighbourhood near parks, schools, and amenities.
This property would suit first-time buyers seeking a move-in-ready home in a prime area, or downsizers looking for the convenience of single-storey living without sacrificing community amenities. It’s a pragmatic choice for those who value location and a modernized interior over a larger lot size.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others in Island Lakes?
The living space is slightly below the neighbourhood average. This is reflected in its value, making it a competitively priced option for getting into the area.
2. What does “renovated basement” typically include?
While exact finishes should be verified, a listing noting a renovated basement usually indicates updated flooring, walls, and lighting, creating a finished, livable space such as a family room or additional bedrooms.
3. Is the lot size a limitation?
The lot is smaller than many in Island Lakes, which means less yard work. For buyers prioritizing low-maintenance outdoor space or who value indoor living area over a large garden, this can be a benefit rather than a drawback.
4. How current are the assessed value figures?
Assessed values are for municipal tax purposes and can lag behind the current market. The sold price from late 2023 is a more direct indicator of its recent market value.
5. What are the advantages of a home built in 1991?
Homes from this era often benefit from modern wiring and insulation standards compared to much older stock, while typically having more straightforward layouts and less quirky maintenance issues than some newer, more complex builds.