Property Overview: 46 Waterfront Road, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home on Waterfront Road is defined by its exceptional and rare lot size. At nearly 17,000 square feet, the property sits on one of the largest parcels in the Island Lakes neighborhood, offering a level of privacy and outdoor space that is hard to find in the city. The home itself is comfortably sized at 1,832 sqft, featuring a renovated basement, an attached garage, and a pool. Built in 1986, the house is a well-established property in a mature area.
The primary appeal lies in the land itself—this is a property with tremendous potential. The expansive yard is a blank canvas for gardening, recreation, or future expansion. While the living space is above average for Winnipeg, the assessed value ranks highly, suggesting the premium is placed on the land. It perfectly suits buyers looking for a family home in a sought-after neighborhood who prioritize outdoor space over a brand-new build. It would also appeal to those with a vision for renovation or addition, where the existing home provides a solid foundation on a lot that can accommodate grander plans.
Frequently Asked Questions
1. What is the most standout feature of this property?
Without question, it is the land size. At 16,999 sqft, the lot is in the top 1-2% for the neighborhood and city, offering a rare amount of private outdoor space.
2. How does the house compare to the neighborhood average?
The living area is above average for Island Lakes. The home is older than many in the area (1986 vs. a 1995 neighborhood average), but its assessed value is in the elite top 4% locally, indicating the lot significantly boosts its worth.
3. Is the pool included, and what condition is it in?
Yes, the listing confirms a pool is on the property. As with any older pool, a professional inspection would be essential to determine its current condition, operational costs, and any necessary updates.
4. What does the "renovated basement" entail?
The listing notes the basement is renovated but does not specify the extent. Buyers should inquire about the scope of work, permits, the basement's finish and ceiling height, and its intended use (e.g., living space, rental suite, recreation room).
5. How has the property's value changed over time?
Public data shows two sales: approximately $40.5k-$43.5k in 2016 and $51.5k-$54.5k in 2021. This indicates solid appreciation over that five-year period. For the exact sale prices, you can request the information directly via the listing page.