Property Overview
31 Treasure Cove is a spacious two-storey home in Winnipeg's Island Lakes neighbourhood. Built in 1999, it offers 1,664 sqft of living space and a renovated basement. Its most significant feature is the generous 13,535 sqft lot, which ranks in the top 3% of properties in the entire city for land area. The home presents a compelling mix of established community charm and above-average space, both indoors and out.
Key Characteristics & Appeal
This home’s primary appeal lies in its exceptional outdoor space. The lot size is a rare find, especially within a mature, sought-after neighbourhood like Island Lakes. It offers tremendous potential for gardening, recreation, future additions, or simply enjoying private, expansive greenery. The living area is comfortably above average for the city, and the renovated basement adds functional living space. Recent sale history indicates steady value appreciation.
It would suit buyers who prioritize land over a brand-new build—those looking for a established community with large, private yards. It’s ideal for families, entertainers, or anyone with hobbies or pets that benefit from ample outdoor room. The home also represents a solid value proposition for a buyer willing to update interiors over time to customize a property with an already outstanding foundation.
Frequently Asked Questions
1. How does the lot size compare to typical homes?
The property’s lot of 13,535 sqft is exceptionally large. It’s more than double the average lot size in Winnipeg and ranks in the elite top 3% of homes citywide for land area.
2. What is the neighbourhood like?
Island Lakes is a mature, well-established neighbourhood in Winnipeg known for its parks, water features, and family-friendly atmosphere. It offers a blend of quiet residential streets and convenient access to amenities.
3. Has the home been updated recently?
The listing confirms the basement has been renovated. Prospective buyers should inquire about the age and condition of other major systems (roof, HVAC, windows) and the main floor interiors during a viewing.
4. What is the parking situation?
The home includes an attached garage. The vast driveway and lot also provide ample space for additional vehicle or recreational parking.
5. How does the value compare to nearby homes?
The home’s assessed value is above average for both Island Lakes and Winnipeg overall. Its recent sold price history suggests it has maintained strong market value relative to its peers, likely bolstered by its unique lot size.