Property Overview: 38 Pamela Road, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained home, built in 2007, offers a practical and modern living space in the established Island Lakes neighbourhood. Its key features include 1,518 sqft of living area, a renovated basement, and an attached garage. The data reveals a home that balances city-wide appeal with local context: while its living space is above average for Winnipeg overall, it is more modest compared to other homes on Pamela Road and within Island Lakes. This creates a value-oriented entry point into a desirable area.
The primary appeal lies in its modern build year—one of the newest on its street—coupled with the move-in readiness suggested by the renovated basement. It suits first-time buyers or downsizers seeking a contemporary, low-maintenance home without the premium of a larger lot. It’s also a sensible fit for value-conscious buyers who prioritize a newer building envelope and interior updates over maximum square footage or yard size. A thoughtful perspective is that this property represents a “right-sized” option: it offers the benefits of a mature neighbourhood with mature landscaping and community amenities, but in a home that’s younger than most in the city, potentially reducing near-term repair costs.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to the neighbourhood?
At 1,518 sqft, the living area is below the average for both Pamela Road (1,723 sqft avg) and the wider Island Lakes area (1,635 sqft avg). This contributes to its accessibility and may result in lower utility costs.
2. What does the assessed value indicate?
The assessed value of $51.50k is around average for the street and Island Lakes, but places the property in the top 17% city-wide, reflecting the overall desirability of the area.
3. Is the lot size typical?
The 4,611 sqft lot is slightly smaller than the average on Pamela Road and notably smaller than the Island Lakes average. This means less yard maintenance but also less private outdoor space compared to many neighbours.
4. How recent are the major updates?
The listing specifies a renovated basement. The build year of 2007 is a major asset, indicating modern construction standards, but specifics on the age and scope of the basement renovation and other updates should be verified.
5. What is the recent sales history?
The property sold in November 2023. Prior sales occurred in September 2020 and October 2016, showing steady turnover and sustained market interest over the past decade.