Property Overview: 50 Desjardins Drive, Island Lakes
Section 1: Key Characteristics & Appeal
This 1986 four-level split home in Island Lakes offers 1,506 sqft of living space on a 5,262 sqft lot. Its key updated feature is a renovated basement, adding functional living area. The home includes a detached garage.
The appeal lies in its position as a solid, established property in a desirable neighbourhood. The living space is very competitive city-wide (ranking above average), suggesting good interior utility for its class. The renovated basement is a practical advantage, offering immediate move-in comfort without a major project. The assessed value is notably below average for both the street and Island Lakes, which could indicate a value opportunity for a buyer compared to neighbouring homes, assuming similar condition.
This property would suit a practical buyer looking for a ready-to-live-in home in a mature neighbourhood without paying a premium for a newer build. It’s ideal for someone who values the space and layout of a split-level and appreciates having the renovation work on the basement already completed. The below-average assessment for the area might also attract buyers with an eye for potential long-term equity as the area continues to mature.
Section 2: Frequently Asked Questions
1. What does the below-average assessed value relative to the neighbourhood actually mean?
It indicates the city’s assessment for this property is lower than most homes in Island Lakes. This can sometimes suggest a value opportunity, but it’s essential to verify the home’s current condition and features against recent sales to understand the true market price.
2. Is the 1986 build year a concern?
While it’s one of the older homes on Desjardins Drive, it is still newer than the Winnipeg city-wide average. The focus should be on the maintenance and updates, like the renovated basement, and the condition of major aging components like the roof, windows, and mechanical systems.
3. How does the living area compare in practical terms?
Though near the average for the immediate street, its square footage ranks well above average city-wide. This suggests you get more interior space than a typical Winnipeg home, with the split-level design offering distinct living zones.
4. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise transfer to the main house. However, it requires going outside to access, which is a consideration during Winnipeg winters. The layout of the driveway and walkway to the garage will affect daily convenience.
5. The last recorded sale was in 2017. How reliable is that price data today?
The 2017 sale price provides historical context but is not a reliable indicator of current value. The Winnipeg market has seen significant changes since then. For an accurate current valuation, a review of recent comparable sales in Island Lakes from 2024-2025 is necessary.