27 Chenier Bay

Property Overview: 27 Chenier Bay, Island Lakes

Key Characteristics & Appeal

This two-storey home in the established Island Lakes neighbourhood presents a solid, mid-range family option. Built in 1987, it features 1,635 sqft of living space, an attached garage, and a renovated basement, sitting on a standard 5,802 sqft lot. Its appeal lies in its balance and consistency. The home isn't an outlier in any single category for its immediate area; instead, it reliably performs at or above average across key metrics like living area, assessed value, and land size when compared to both its street and the wider city. This suggests a property that has maintained its relative value and desirability over time.

The home would suit practical buyers looking for a turnkey family residence in a mature neighbourhood without the premium of a brand-new build. It’s particularly well-matched for those who value neighbourhood character and stability over a flashy or oversized property. A thoughtful perspective is that its "average" standings on the street and in Island Lakes are actually a strength, indicating a lower risk of being over-improved or an outlier in a downturn. Its above-average citywide rankings for size and value hint at getting more space for your dollar compared to the Winnipeg average, making it a savvy choice for city dwellers looking to move into a family-friendly community.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the same street?
Based on available data, the home’s last sold price in early 2021 was above the average for the street at that time. Its current assessed value also ranks above the street average, suggesting it has held its value well relative to its direct neighbours.

2. Is the living space typical for Island Lakes?
Yes. At 1,635 sqft, the living area is very close to the neighbourhood average, placing it comfortably in the middle of homes in Island Lakes. It offers a standard amount of space for the community.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point to clarify with the seller or agent to understand the finish quality, layout, and whether it includes legal secondary suites or additional bedrooms.

4. The home was built in 1987. What should I be aware of?
As a home from the late 1980s, major components like the roof, windows, HVAC system, and plumbing may be nearing or past their typical lifespan. A thorough inspection is recommended to assess their condition and plan for potential future updates, which is common for well-maintained homes of this era.

5. How does the lot size compare?
The lot is just under 5,800 sqft, which is slightly smaller than the average lot on Chenier Bay and in Island Lakes, but remains a very standard suburban family lot size. It offers typical backyard space for the area without being considered undersized.