Property Overview: 28 Brian Monkman Bay, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes stands out for its above-average size and premium positioning within a well-established neighbourhood. Built in 2005, it is notably newer than most Winnipeg homes and is among the newest on its own street. With nearly 2,000 sqft of living space and a generous 6,873 sqft lot, it offers more room than most comparable properties locally. The home features a renovated basement and an attached garage.
Its primary appeal lies in its proven, strong investment profile. The assessed value places it in the top 8% both locally and city-wide, and its sold price history shows significant appreciation over recent years. This isn't just a spacious family home; it's a property that has consistently ranked in the higher tiers of its market.
This home would best suit practical buyers looking for move-in-ready space in a mature area, particularly those who value a property with a track record of holding and increasing its value relative to its peers. It’s an ideal fit for growing families or professionals seeking a long-term home with financial upside, without the uncertainties of a newer development.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it ranks above average in every key metric—size, lot, value, and age—against homes on its street, in Island Lakes, and across Winnipeg. It’s not just a nice home; it’s a statistically standout property in its cohort.
2. What does the sold price history indicate?
The home sold in 2017 and again in 2022, with the latest sale price reflecting a substantial increase. This trajectory suggests strong market demand and value growth for this specific property, outpacing average gains.
3. Is the renovated basement a major factor?
While a renovated basement adds functional living space, the home’s premium ranking is driven by its core attributes: the newer build year, large lot, and overall square footage. The renovation complements these foundational strengths.
4. Who might this property not suit?
Buyers seeking a brand-new build, a very small/low-maintenance yard, or a property with a swimming pool should look elsewhere. Its appeal is geared toward those who appreciate established neighbourhoods and spacious layouts.
5. Why is the build year (2005) considered a significant advantage?
In a city where the average home was built in 1966, a 2005 build means potentially fewer major system replacements (like roof, furnace, windows) in the near term compared to much older stock, offering both modern convenience and reduced immediate upkeep costs.