31 Pynoo Place

Property Overview: 31 Pynoo Place, Island Lakes

Key Characteristics & Appeal

This two-storey home in Island Lakes offers a practical and updated living space. With 1,713 sqft of living area, it provides ample room for a family and sits above the city-wide average for size. A key feature is the renovated basement, adding valuable finished space. The home was built in 1988, which is newer than most in Winnipeg, suggesting potentially fewer immediate concerns with aging components compared to older city stock. It includes an attached garage for convenience.

The appeal here is one of balance and value within a well-established neighborhood. While the lot size is notably smaller than others on the street and in Island Lakes, this can translate to less yard maintenance—a perk for busy professionals or those seeking a lock-and-leave lifestyle. The property’s assessed value positions it as a solid, mid-range option in the area, not a premium-priced standout, which could represent an accessible entry point into the neighborhood. It would suit first-time buyers or growing families looking for a turn-key home with modernized living spaces without a premium lot size, or downsizers who want the space of a house but prefer minimal outdoor upkeep.

Frequently Asked Questions

1. How does the smaller lot size impact the property?
While the land area is below average for the immediate street and Island Lakes, it is around average city-wide. This means less private outdoor space and potentially less distance from neighbors, but it also requires less maintenance and landscaping effort.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should inquire about the quality of the renovation, whether it includes a bathroom or kitchenette, and if proper permits were obtained.

3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (46.60k) is for municipal tax purposes. The recent sold price history shows the home sold in 2022 for an estimated range much higher, indicating market value is significantly above the tax assessment, which is common.

4. How does the age of the home (built in 1988) affect it?
Being 38 years old, major components like the roof, windows, and HVAC system may be nearing or past their typical lifespan. While newer than the Winnipeg average, a thorough inspection is crucial to understand the condition and remaining life of these elements.

5. What is the neighborhood vibe and convenience like?
Located in Island Lakes, the area is known for family-friendly amenities, parks, and pathways around the man-made lakes. The specific location on Pynoo Place appears to be a quiet residential street. Buyers should explore nearby shopping, schools, and transit options to see if it fits their daily needs.