Property Overview
This one-storey home at 58 Smuggler's Cove in Winnipeg's Island Lakes neighbourhood presents a specific and practical value proposition. Its key appeal lies in being an affordable entry point into a well-established area. With 895 sqft of living space, it is notably smaller than most homes on its street and in the suburb, but it benefits from a renovated basement and an attached garage. The lot size is consistent with area averages, offering standard outdoor space. The home was built in 1988, making it older than the Winnipeg average but typical for Island Lakes.
This property would best suit first-time buyers or downsizers seeking minimal maintenance and lower property taxes, given its below-average assessed value. It’s a home for those who prioritize location and financial accessibility over square footage. A thoughtful perspective is that its smaller size could be a long-term advantage, promoting a simpler lifestyle with lower utility and upkeep costs compared to the larger, more common homes in the area.
Frequently Asked Questions
Is this a good value for the area?
Based on assessed value, it is priced below the average for both Smuggler's Cove and the wider Island Lakes area, making it one of the more accessible homes in this neighbourhood.
How does the living space compare to nearby homes?
At 895 sqft, the living area is significantly smaller than the average home on this street (~1,541 sqft) and in Island Lakes (~1,635 sqft). This is the home's most defining characteristic.
What are the property taxes likely to be?
With an assessed value of $36,100, which is below average for its immediate area, the property taxes should be comparatively lower than those for most homes in Island Lakes.
Is the basement included in the square footage?
No. The 895 sqft figure refers to the above-ground living area. The home includes a renovated basement, which provides additional usable space not reflected in the main living area metric.
What was the last sale price?
The home sold in August 2022. For privacy and accuracy reasons, the exact sale price is not published publicly, but it can be provided upon direct request to the listing source.