Property Overview: 50 Chenier Bay, Island Lakes, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home in Island Lakes is a solid, established property that offers a comfortable and practical living space. With 1,643 sqft of living area and a renovated basement, it provides functional room for a family. The attached garage and a well-sized 5,802 sqft lot are standard, desirable features for the neighbourhood. Built in 1986, the home is older than many in Island Lakes but is newer than the typical Winnipeg house, suggesting a balance of mature landscaping and potentially more modern systems than much of the city's housing stock.
Its primary appeal lies in its position as a reliable, middle-of-the-road option within a popular neighbourhood. The data shows it consistently ranks around the average for its immediate street and Island Lakes in terms of size, value, and land, while actually standing above the city-wide average in living space and assessed value. This indicates you're getting a home that is objectively above-par for Winnipeg, situated in a community where it fits right in. It would suit pragmatic buyers—perhaps growing families or downsizers seeking single-level living in the renovated basement—who value neighbourhood amenities and a sense of community over a brand-new build. A thoughtful perspective is that a home which is "average" for a sought-after area like Island Lakes often represents a lower-risk, stable investment, as it aligns with the very standards that make the area desirable.
Frequently Asked Questions
1. How does this home truly compare to others in Island Lakes?
The home is very typical for Island Lakes. Its living area, assessed value, and lot size all rank almost precisely in the middle when compared to over 2,100 similar homes in the neighbourhood. It's a representative, not an outlier, property.
2. The home was built in 1986. Should I be concerned about major repairs?
While newer than the Winnipeg city average, it is among the older third of homes in Island Lakes. Buyers should prioritize a thorough inspection focusing on age-related components like the roof, windows, and major mechanical systems, which may be nearing or past their typical lifespans.
3. The sold price history shows a range. How can I get the exact figure?
The listed sale range is based on public data. The exact sold price from April 2021 is available by request via email from the site. They provide this manually and state they do not use requests for unsolicited marketing.
4. What does the "above average city-wide" ranking mean for me?
It highlights that for your budget, you are acquiring more house—both in size and official assessed value—than you would in most parts of Winnipeg. This underscores the value proposition of the Island Lakes area relative to the broader market.
5. Are the property taxes likely to be in line with the neighbourhood?
Given that its assessed value is very close to the neighbourhood average, you can reasonably expect the property taxes to be typical for an Island Lakes home of this size and type.