Property Overview
This single-storey home at 432 Island Shore Boulevard in Winnipeg's Island Lakes neighbourhood presents a practical and updated living space. Its key appeal lies in being a well-maintained, modern-enough home in an established area, offering a balance of space and value without the premium of a brand-new build.
Key Characteristics & Ideal Buyer
The 1,262 sqft home, built in 2001, sits on a standard 4,469 sqft lot. Its renovated basement adds functional living space. The home’s assessed value is notably strong for its immediate street and city-wide, suggesting it is viewed favourably relative to its peers. While the living area is average for the street, it is more compact compared to many larger homes in the broader Island Lakes area. This creates an interesting dynamic: the property holds its value well but offers a more manageable footprint.
Its appeal is for buyers seeking a move-in ready, low-maintenance home in a mature neighbourhood. It would suit first-time buyers stepping into a family-friendly area, downsizers looking for single-level living without leaving a desirable community, or pragmatic investors attracted by its solid assessment history and renovated condition. A less obvious perspective is that its "above-average" assessment on a street of similar-sized homes could indicate specific upgrades or a premium lot placement, making it a standout in its immediate micro-market.
Frequently Asked Questions
1. How does the size of this home compare to others in Island Lakes?
At 1,262 sqft, this home's living area is below the neighbourhood average. It offers a more compact layout compared to many larger homes in Island Lakes, which may appeal to those seeking easier maintenance.
2. What does the "above average" assessed value on the street indicate?
With an assessed value ranking in the top 21% on its own street, this property is valued higher than most direct neighbours. This often reflects factors like renovations, superior condition, or a favourable lot, but should be verified with a current market appraisal.
3. Is the basement development a legal suite?
The listing notes a renovated basement, but does not specify if it is a legal secondary suite. This is a crucial point to clarify with the seller and the city for potential rental income or mortgage implications.
4. How stable has the home's value been historically?
Based on the provided sold price ranges from 2016 and 2020, the home's market value has shown modest growth over that period, consistent with a stable, established area.
5. What is the typical lot size in this area, and how does this property fit?
The lot is 4,469 sqft, which is standard for Island Shore Boulevard but below the larger average lot size for the entire Island Lakes neighbourhood. This means smaller yard maintenance but potentially less private outdoor space than some area homes.