Property Overview: 299 Island Shore Boulevard, Island Lakes
Key Characteristics & Buyer Profile
This well-situated one-storey home in Island Lakes offers practical, single-level living in a mature neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the 1,379 sqft footprint. The home sits on a notably generous 6,019 sqft lot for its street, providing ample outdoor space that is a relative rarity in the area. Built in 1993, it is a solidly middle-aged home in a neighbourhood of similar vintage, meaning major components are likely original but within a typical lifecycle for updates.
The appeal lies in its balance and space. The lot size is a standout, offering potential for gardening, play, or expansion. The renovated basement immediately adds functional living area without the need for a project. While the living area and assessed value are average for the immediate vicinity, this positions the home as a stable, mid-range option without premium pricing. It would suit first-time buyers or downsizers seeking the convenience of one-floor living, a low-maintenance attached garage, and a private, larger-than-average yard in an established community. A thoughtful perspective is that its "average" metrics within Island Lakes might offer value compared to more updated homes, leaving room for personalization while benefiting from a desirable location.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 6,019 sqft lot is above average for Island Shore Boulevard itself, ranking in the top 19% on the street. This means the property likely offers more private outdoor space than many of its direct neighbours.
2. What is the significance of the "renovated basement"?
While specific finishes aren't detailed, a renovated basement means this space is finished as living area, adding to the home's functional square footage. It represents move-in-ready space for a rec room, home office, or additional bedrooms, without the immediate cost and hassle of a renovation.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $42.40k is for municipal tax purposes. The last recorded sold price range (2023) was between $49.50k and $52.50k. Market conditions, the home's condition, and recent upgrades all influence the final sale price.
4. What does the age of the home (1993) imply for a buyer?
A home of this age is likely to have original major systems, like the roof, furnace, and windows. They may be nearing the end of their serviceable life, so a thorough inspection is advised to budget for potential future updates, which is common for homes in this vintage.
5. How does this home fit within the Island Lakes neighbourhood?
The data shows this home is around or below average for the neighbourhood in terms of living area and assessed value, but above average for lot size on its street. This suggests you are purchasing a property with a valuable land component in a sought-after area, but the home itself may be more modest compared to some larger or more updated houses in Island Lakes.