Property Overview: 55 Frigate Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighbourhood offers a practical and comfortable living space. Built in 2004, it presents a modern-enough layout without the concerns of an aging structure. With 1,689 sqft of living area, it sits comfortably in the mid-range for the local area, providing ample room for a family. The attached garage and full (though unrenovated) basement add functional space for storage, hobbies, or future expansion.
The primary appeal lies in its balance and location. The home is situated on a manageable 4,654 sqft lot, which means less yard maintenance than many in the area, while still offering private outdoor space. The data reveals a thoughtful perspective: while the assessed value is below average for its immediate street, it is solidly average for the wider Island Lakes area and above average city-wide. This suggests the property may offer relative value within a desirable, mature neighbourhood with parks and waterways.
This home would best suit first-time buyers or growing families looking for a move-in-ready house in a quiet, family-oriented community. It’s also a sensible option for value-conscious buyers who prioritize a modern build year and functional space over having the largest lot on the block or a fully finished basement.
Section 2: Frequently Asked Questions
1. Is the assessed value a cause for concern?
Not necessarily. While it ranks lower on its specific street, its assessment is typical for the larger Island Lakes area and is actually above the Winnipeg average. This often reflects the specific characteristics of the home compared to its immediate neighbours, not the area's desirability.
2. How does the lot size impact the property?
The lot is smaller than many in Island Lakes. This is a advantage for those seeking lower maintenance, but a consideration for buyers dreaming of extensive landscaping, a large deck, or a sprawling backyard.
3. What does "basement not renovated" imply?
The basement is finished but in its original 2004 state. It’s functional living space but may feel dated. This presents a blank canvas for future personalization, but you should budget for updates if modern finishes are important to you.
4. Is the living space sufficient for a family?
At 1,689 sqft, it is very close to the neighbourhood average. It typically provides 3-4 bedrooms and 2.5 bathrooms, which is a standard and workable size for a family. It’s spacious compared to the Winnipeg average home.
5. What are the benefits of the 2004 build year?
A home from this era benefits from modern construction standards and building codes, likely including efficient windows and updated electrical systems. It strikes a balance between being new enough to avoid major immediate repairs and old enough to be situated in a well-established, treed neighbourhood.