Property Overview
This two-storey home at 32 Causeway Bay in Winnipeg's Island Lakes neighbourhood presents a solid, renovated family home in a well-established area. Built in 1998, its key appeal lies in its above-average living space relative to the city, paired with a recently updated basement. The home features an attached garage and sits on a standard-sized lot for the area. The data suggests it's a property that offers more interior space than many city homes, while its assessed value is positioned very competitively within its immediate neighbourhood and street. This creates a value proposition where you get a relatively spacious, updated home without a premium street price.
It would suit practical buyers looking for a ready-to-move-into family home in a mature community, who prioritize interior space and updates over having the largest lot on the block. It’s also a sensible option for value-conscious buyers comparing across the city, as the home's size outpaces its assessed value ranking city-wide.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
The assessed value is below the average for Causeway Bay itself, ranking in the lower third (17th out of 24). This could indicate a value opportunity on a desirable street, but it's wise to investigate the specific reasons through a viewing and professional inspection.
2. Is the living space significantly larger than average?
Yes. With 1,719 sqft, it sits in the top 25% of homes on its street and the top 20% city-wide for living area. This is one of its strongest attributes, offering more room than the typical Winnipeg home.
3. What does the sold price history from 2019 tell us?
The 2019 sale in the $38.5k-$41.5k range, relative to the current assessed value of $47.80k, provides a historical benchmark. It shows market movement over five years, but should be considered alongside recent renovations and current market conditions.
4. The lot size seems average. Is that a drawback?
The lot is typical for Island Lakes but smaller than the city average. This isn't unusual for this neighbourhood and often translates to less yard maintenance. The appeal here is focused more on the updated interior space rather than extensive outdoor grounds.
5. You mention a renovated basement. What isn't said about the property?
The listing confirms a renovated basement but does not specify the quality, extent, or permits for the renovation. It also doesn't detail the condition of major aging components common for a 1998 home, like the roof, windows, or HVAC system, which are key inspection points.