Property Overview: 30 Lighthouse Point, Island Lakes
Section 1: Key Characteristics & Appeal
This one-storey home at 30 Lighthouse Point is a property of interesting contrasts, offering a specific value proposition within the desirable Island Lakes neighborhood. Its key characteristic is a generous, above-average living space of 1,807 sqft, which is notably larger than both the city and neighborhood averages. This is situated on a substantial, private lot of nearly 10,000 sqft, placing it among the top 10% of lots in Island Lakes for size. The home features an attached garage and a full, unrenovated basement, presenting a blank canvas for future expansion.
The appeal lies in this combination of abundant interior space and exceptional outdoor privacy on a large lot—a rare find in mature neighborhoods. However, the home itself is one of the older in the area, built in 1985, and the assessed value is modest relative to its immediate, upscale street. This creates a unique opportunity: it’s a larger home on a premium lot in an established area, but priced in a way that reflects its original condition. It would perfectly suit a buyer looking for a long-term family home who values space and land over turn-key finishes, and who has the vision and budget to personalize or gradually update the property to modern standards.
Section 2: Frequently Asked Questions
1. Is the home in need of major updates?
The listing notes the basement is "not renovated," and given the home's age (1985), buyers should anticipate that many original systems and finishes throughout the house may be functional but dated. A thorough inspection is recommended to prioritize updates.
2. How does the value compare to the neighborhood?
The home’s assessed value is above average for Island Lakes as a whole but is below average for prestigious Lighthouse Point itself. This suggests you are acquiring a prime location and lot size, with the value centered on the land and space rather than a fully modernized home.
3. What does the large lot size mean practically?
At 9,792 sqft, the lot offers significant privacy, ample room for gardening, play areas, or future additions like a deck or patio. It’s a standout feature, especially for families or those who enjoy outdoor living.
4. Is a one-storey layout suitable for a family?
The above-average square footage on one level can be excellent for family living, minimizing stairs. The unrenovated basement also offers clear potential to add additional bedrooms, a recreation room, or a suite, subject to permits and renovation investment.
5. Why is the living area larger than most, yet the value is lower for the street?
This contrast is the property’s defining trait. You get more interior space and a large lot—objective assets—but the price reflects the need for modernization. It’s an ideal scenario for a buyer who plans to invest in renovations over time, thereby increasing the home’s value to align with its premium location.