Property Overview: 40 Lagace Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes presents a balanced and practical offering for buyers seeking established community living. Built in 1993, it features 1,618 sqft of living space, an attached garage, and a renovated basement. The home sits on a notably generous 7,894 sqft lot, which is well above average for both the neighborhood and the city, offering ample private outdoor space.
Its primary appeal lies in its solid positioning within a mature, family-friendly area. The data suggests it is not an outlier in size or assessed value on its own street, indicating a good fit within a consistent, well-regarded enclave. This is a home for buyers who value space and stability over flashy newness. It would suit growing families or downsizers alike who appreciate a large yard, the practicality of a renovated lower level, and the desirability of the Island Lakes community with its parks and pathways. A thoughtful perspective is that while the home's living area is average for the immediate area, its lot size is a significant asset, offering future potential and a sense of privacy that is becoming rarer in newer subdivisions.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Island Lakes?
The home is consistently "around average" for its street and the broader neighborhood in terms of living area and assessed value. Its standout feature locally is its land area, which is in the top 18% of Island Lakes, meaning the lot is larger than most in the community.
2. What is the significance of the sold price history shown?
The listed sold price range (e.g., $53.50k ~ $56.50k in 6/2022) is an estimate based on public data. The exact sale price is available upon request from the site, as they manually verify records to ensure accuracy.
3. Is a 1993-built home considered old?
While 33 years old, the home is newer than the Winnipeg city-wide average. On its own street, it ranks as the newest among comparable homes, suggesting the immediate area is uniformly mature and well-established.
4. What does the "renovated basement" include?
The details provided confirm the basement is renovated but do not specify the scope. This is a key point to clarify with the listing agent to understand the finish quality, layout, and whether it includes a legal suite or additional bedrooms.
5. How stable is the property value in this location?
The assessed value is steady and aligned with the neighborhood average. The home's consistent metrics within its peer group on Lagace Place suggest a stable value proposition without extreme fluctuations, typical of established areas.