Property Overview: 51 Nordstrom Drive, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in Island Lakes is a study in balanced, practical living. Built in 2007, it’s a notably newer property within its established neighbourhood, offering modern construction without the premium of a brand-new build. With 1,598 sqft of living space and a renovated basement, the home provides comfortable room for a family. Its assessed value sits in an interesting position: it's above the Winnipeg city average, yet is one of the more accessible entry points on Nordstrom Drive itself. This suggests a value proposition for the area—you're investing in a desirable community, but within that community, this property represents a relative value.
The appeal lies in this combination of a well-maintained, modern home in a mature neighbourhood with amenities, paired with a lot size (just over 5,000 sqft) that offers manageable outdoor space without excessive upkeep. The attached garage and renovated basement add functional, everyday convenience.
This home would suit first-time buyers or growing families looking to step into the Island Lakes community, who prioritize a move-in-ready condition and a newer build over having the largest lot or home on the block. It’s also a sensible fit for value-conscious buyers who want the neighbourhood lifestyle but are mindful of budget, appreciating that the investment here is more in the structure and location than in expansive land.
Frequently Asked Questions
1. How does this home’s size compare to others?
While the living area is slightly below the average for Nordstrom Drive, it is above the average for Winnipeg as a whole. It offers ample space for a typical family, with the renovated basement effectively adding usable square footage.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is a starting point for municipal tax calculation, not a market valuation. This home’s assessment is above the city average but below the street average, indicating it may be priced competitively within its immediate area. A current market analysis is essential for pricing strategy.
3. What does the 2007 build year mean for a buyer?
A 2007 build is a significant advantage. Homes of this age are past the initial settling period of brand-new constructions, yet major components like the roof, windows, and HVAC are likely still within their functional lifespan, potentially deferring major replacement costs for several years.
4. What are the implications of the lot size?
At 5,131 sqft, the lot is manageable rather than expansive. This is ideal for buyers who want a private yard but wish to minimize weekend yard work. It may be less suited for those dreaming of extensive landscaping, large additions, or installing a pool.
5. How can I find out the exact historical sale prices?
The provided sold price ranges are estimates from public data. For precise sale history to inform your offer, you can request the exact figures directly via the email link provided on the listing page. This service is provided without obligation.