Property Overview: 43 Treasure Cove, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes is a standout property defined by its generous space and premium lot. Built in 1999, the house itself offers over 2,000 square feet of living area, placing it in the top 10% of homes in Winnipeg for size. Its appeal is significantly enhanced by a fully renovated basement, adding functional living space. The most distinctive feature is the land: at approximately 12,600 square feet, the lot is exceptionally large, ranking in the top 3% for the entire city. This provides rare potential for privacy, gardening, expansion, or recreation that is hard to find in newer subdivisions.
The home’s assessed value of $590,000 reflects its premium positioning. It suits buyers who prioritize indoor-outdoor living and need room to grow, whether for a family, home office, or hobbies. It’s ideal for someone looking for a established, spacious home in a sought-after neighbourhood without compromising on yard size. A thoughtful perspective is that while the home is from the late '90s, its above-average lot size is a permanent asset that newer builds in the area simply cannot replicate, offering long-term value that transcends interior design trends.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a key feature. At 12,620 sqft, it is significantly larger than the average Winnipeg lot (~6,570 sqft) and is in the elite top 3% for the city. In Island Lakes specifically, it ranks in the top 3% of all properties.
2. What is the condition of the basement?
The listing specifies the basement has been renovated. Prospective buyers should inquire about the scope, permits, and finish quality of this renovation during viewings.
3. Is the sold price history available?
The exact sold price history is not publicly displayed. The listing service offers to provide accurate past sold prices via email upon request, with data from 2016 onward.
4. What is the neighbourhood like for families?
Island Lakes is a mature, established neighbourhood in Winnipeg known for its lakes, pathways, and community feel. The location on a quiet cove within the area adds to its family-friendly appeal.
5. How does the home’s value compare to others on the street?
With an assessed value of $590,000, this property ranks #1 out of 17 homes on Treasure Cove for value, placing it in the top 6%. It is assessed above the street's average.