Property Overview
This two-storey home at 270 Island Lakes Drive presents a solid, mid-sized family option in a well-established Winnipeg neighbourhood. Built in 1989, it offers 1,404 sqft of living space with a renovated basement and sits on a notably generous 5,651 sqft lot for its street—one of the larger parcels in the immediate area. With a detached garage and an assessed value of $430k, it positions itself as a practical choice rather than a luxury statement. Its appeal lies in offering space and established community roots at a value-conscious point within the desirable Island Lakes area.
Key Characteristics & Ideal Buyer
The home’s key characteristic is its balance. It doesn’t lead in square footage or newness for the neighbourhood, but it counters with a larger-than-average lot and a modernized basement. Its assessed value is modest compared to many Island Lakes homes, suggesting a potentially accessible entry point into the area. The appeal here is for the pragmatic buyer: perhaps a young family seeking outdoor space for children to play, or a value-oriented purchaser who prefers a renovated interior over a newer build, understanding that a 1989 home may come with future maintenance considerations. It would suit someone who values the mature trees and settled feel of Island Lakes but is comfortable with a home that is among the older on its block, seeing it as an opportunity rather than a drawback.
Frequently Asked Questions
1. How does this home’s value compare to others in Island Lakes?
The assessed value of $430k is below the neighbourhood average, placing it in a more affordable tier within Island Lakes. This could indicate good value, but it’s essential to view the property in person to understand the condition and finishes relative to higher-priced homes.
2. What are the implications of the home being built in 1989?
As one of the older homes on its street, major components like the roof, windows, and HVAC system may be nearing or past their typical lifespans. A thorough inspection is advised, but the renovated basement shows some updates have been made.
3. What is the benefit of the larger lot size?
The lot is significantly larger than others on Island Lakes Drive, offering more private outdoor space, potential for gardening, or room for additions like a shed or deck. This is a distinct advantage for a home of this vintage and size.
4. What was the last sale price?
Public records indicate a sale between $345,000 and $375,000 in December 2019. For the exact historical sale price, you can request the information directly via the provided email service.
5. Is the living space sufficient for a growing family?
At 1,404 sqft, it is close to the city-wide average. The renovated basement adds functional space, but the above-ground square footage is modest for the neighbourhood. It may suit a family that prioritizes lot size over interior square footage or utilizes the basement as a key living area.