Property Overview: 349 De La Seigneurie Boulevard, Island Lakes
Section 1: Key Characteristics & Appeal
This well-situated home in Island Lakes presents a compelling blend of space, value, and established neighbourhood charm. Built in 2001, the 1,440 sqft cabover-style house sits on a generous 5,250 sqft lot, which is notably larger than many on its street. Its significant appeal lies in its strong assessed value, which ranks well above average for the area, suggesting solid underlying value and potential equity. The home features a renovated basement and an attached garage.
Its profile suits practical buyers looking for a move-in-ready family home in a mature, sought-after neighbourhood without the premium of a brand-new build. It’s particularly appealing to those who prioritize lot size and perceived value over having the newest construction on the block. A thoughtful perspective is that while the living area is modest for Island Lakes, the above-average lot size and assessed value indicate a property where the investment may be more in the land and location—a smart balance for long-term stability.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value of $51,800 ranks in the top 15% on De La Seigneurie Boulevard and the top 29% in all of Island Lakes, indicating it is considered a higher-value property within the community.
2. Is the living space smaller than average for the area?
Yes. At 1,440 sqft, the living area is below the Island Lakes average. However, it is close to the Winnipeg city-wide average, and the property compensates with a larger-than-average lot size for the street.
3. What is the significance of the sold price data from 2022?
The recorded sale in early 2022 (in the $53.5k-$56.5k range) provides a recent market benchmark. Given the current assessed value, this history can help inform discussions about market trends and the property’s appreciation.
4. What does “cabover” building type mean?
A cabover design typically features a prominent second story that extends over part of the first-floor footprint, creating a distinctive architectural style that often maximizes upper-floor space.
5. The home was built in 2001. What should I consider?
As a 25-year-old home, it benefits from being in an established neighbourhood with mature landscaping. Buyers should focus inspection efforts on age-related components like the roof, windows, HVAC system, and any original appliances, balanced against the noted basement renovations.