Property Overview
This two-storey home at 42 Henry Dormer Drive in Winnipeg's Island Lakes neighbourhood presents a compelling opportunity. Its primary appeal lies in offering above-average space and land in a well-established area. With 1,984 sqft of living space, a fully renovated basement, an attached garage, and a pool, it is equipped for comfortable family living. The standout feature is the 11,129 sqft lot, which places it in the top 5% of properties in Island Lakes for land area, offering exceptional outdoor space and privacy rare for the neighbourhood.
The home consistently ranks in the top 15% for key metrics—like living area and assessed value—compared to its immediate street, the broader Island Lakes area, and city-wide. Built in 2003, it is newer than most Winnipeg homes but is now at an age where major components may need evaluation or updating. It would suit buyers looking for a spacious family home with a large yard for recreation or gardening, and who value the mature community setting of Island Lakes. The recent sale in early 2025 suggests it is move-in ready, but the size of the property and the pool also imply higher ongoing maintenance and utility costs, a trade-off for the premium space.
Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
The lot is exceptionally large at over 11,000 sqft, placing it in the top 4% of all residential properties city-wide. It offers significantly more yard space than the Winnipeg average of about 6,570 sqft.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, permits for any structural work, and whether it includes a separate entrance or legal suite potential.
3. Are there any concerns with a home built in 2003?
Homes from this era are generally modern but are now over 20 years old. Key components like the roof, HVAC system, windows, and major appliances may be nearing the end of their typical lifespans and should be inspected.
4. What are the estimated annual costs associated with the pool?
Beyond initial maintenance, pools increase insurance premiums, utility bills (for heating and filtration), and require seasonal opening/closing costs. Budgeting for these ongoing expenses is important.
5. Why is the assessed value significantly different from the recent sold price?
The assessed value of $61.30k is for municipal tax purposes and is not a market valuation. The sold price in early 2025 was between $685,000 and $715,000, which reflects the current market value based on the home's features and condition.