Property Overview
This home at 26 Captains Way in Winnipeg's Island Lakes neighbourhood presents a balanced, move-in-ready opportunity. Built in 2005, it's a well-maintained property that sits comfortably above average for its size and value within the broader city context, while offering a more modest footprint on its own street.
Key Characteristics & Appeal
The 1,837 sqft home features a renovated basement and an attached garage. Its key appeal lies in its modern-enough age, which typically means fewer immediate major repairs, and its updated living space. The data suggests it's a solid, middle-of-the-road property for the immediate area—not the largest or most valuable on Captains Way, but certainly not the smallest. Its true strength shows in the wider lens: compared to all of Island Lakes and especially city-wide, its living area and assessed value rank in the top 20-30%, meaning you get more house for your money than in many other parts of Winnipeg.
The lot size is smaller than most in Island Lakes, which could be a positive for buyers seeking lower maintenance outdoors without sacrificing interior space. This home would suit practical buyers—growing families, professionals, or downsizers—who prioritize a turn-key, efficiently sized interior in a mature suburban neighbourhood over a vast yard. It’s for someone who values being above the city average in substance, without standing out dramatically on their own block.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
It last sold in August 2021 for an estimated $45.5k to $48.5k. Its current assessed value is $54.40k, which is above average for Island Lakes and the city. This indicates perceived growth in value, but a current market appraisal is essential.
2. Is the smaller lot a concern?
The 4,397 sqft lot is below average for Island Lakes. This means less yard maintenance, which many buyers appreciate. However, it also means less private outdoor space and potentially less distance from neighbours compared to other homes in the neighbourhood.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. It's crucial to inquire about the quality of the renovation, whether it includes a legal secondary suite, the ceiling height, and if proper permits were obtained.
4. How does the home’s ranking affect its desirability?
The rankings show it's a larger and newer-than-average home for Winnipeg overall. On its own street, it's more average. This can be an advantage: you're not overpaying for a premium street position, but you own a property that holds strong appeal in the broader market.
5. Who are the typical neighbours?
Built in 2005, Island Lakes is an established neighbourhood. The consistent year-built data for Captains Way suggests a community of residents who moved in around the same period, likely leading to a stable, settled atmosphere with families at similar life stages.