Property Overview: 31 Pauline Boutal Crescent, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 31 Pauline Boutal Crescent is a practical and well-situated property in Winnipeg's established Island Lakes neighbourhood. Built in 2001, it offers a renovated basement, an attached garage, and a standard residential lot. With 1,263 sqft of living space, it is notably compact compared to many homes on its street and in the immediate area, but it aligns closely with the average size of homes citywide. This creates an interesting value proposition: while it may feel modest within its own desirable neighbourhood, it represents a more typical—and potentially more affordable—entry point into that community.
The home’s primary appeal lies in its balance of a solid foundation (a 25-year-old build in good standing) and a sought-after location. The renovated basement adds functional living space. Its assessed value is strong compared to the Winnipeg average, suggesting good municipal valuation for its category. This property would suit first-time buyers or downsizers seeking the amenities and reputation of Island Lakes without the premium for a larger footprint. It’s a home for those who prioritize location and a manageable layout over sheer size, and who see the value in a property that is efficiently scaled.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others in Island Lakes?
At 1,263 sqft, the living area is below the average for both the street and the broader Island Lakes neighbourhood. This means it is one of the more compact homes in the area, which can be a benefit for lower maintenance and utility costs, but may be a consideration for those needing more room.
2. What does the assessed value tell me about this property?
The assessed value of $47.5k (note: this is a municipal assessment figure, not a market price) is above average for Winnipeg overall. This indicates the city assesses it favourably compared to many homes across the city, though it is around or slightly below average within the Island Lakes area itself.
3. Has the property value increased over time?
Based on available sold price ranges, the property likely appreciated between its 2017 and 2023 sales. The 2023 sold price range was notably higher than the 2017 range, consistent with broader market trends over that period.
4. Is the lot size typical for the area?
Yes. The land area of 5,379 sqft is very close to the average for both Pauline Boutal Crescent and the Island Lakes neighbourhood, offering a standard suburban yard space.
5. What is the significance of the home being a bi-level?
Bi-level homes typically feature split entryways with living areas on one level and sleeping areas on another, often with developed basement space. The listing confirms the basement here is renovated, adding to the functional living area. This style offers clear separation between living and private zones.