Property Overview
This well-situated home at 51 Causeway Bay in Winnipeg's Island Lakes neighbourhood presents a compelling blend of space, location, and value. Built in 1997, it features 1,572 sqft of living space, a renovated basement, and an attached garage. Its true standout feature is the generous 8,085 sqft lot, which is notably larger than most in the immediate area and across the city. The home’s assessed value ranks consistently above average for its street, neighbourhood, and Winnipeg overall, suggesting strong intrinsic value.
Key Characteristics & Appeal
The appeal of this property is anchored in its exceptional outdoor space. The lot size is in the top tier locally, offering rare potential for gardening, expansion, or private recreation in a mature suburb. While the living area is average for Island Lakes, the renovated basement adds functional space. Its above-average assessed value across all comparison levels indicates a property that is well-regarded in terms of worth, potentially appealing to value-conscious buyers. It suits a buyer looking for a established neighbourhood with larger lot sizes that are increasingly hard to find, perfect for those prioritizing outdoor space over having the newest home on the block. It would also fit a practical buyer who sees the benefit in a home with a recently renovated basement, avoiding an immediate major project.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The property's lot is significantly larger than most on its street and in Island Lakes, offering more privacy and potential than typical area homes.
2. How does the home's age affect its value?
Built in 1997, it's older than most on its specific street but is around the average age for the wider Island Lakes area. This suggests a mature property in an established neighbourhood, not a fixer-upper, but some systems may be due for updates.
3. What does the above-average assessed value mean?
It indicates the city's valuation is consistently higher than many comparable homes, which can be a marker of solid property value but also informs property tax calculations.
4. Is the living space sufficient for a family?
At 1,572 sqft plus a renovated basement, it offers average space for the neighbourhood. The layout and basement finish will be key factors in determining if it meets a specific family's needs.
5. Where can I find the exact historical sale prices?
The exact sold price history is not publicly displayed. You can request the precise figures by emailing the listing service, which provides the data manually without marketing spam.