Property Overview: 59 Waterfront Road, Island Lakes
Key Characteristics & Appeal
This one-storey home at 59 Waterfront Road is a practical and well-situated property in the established Island Lakes neighbourhood. Built in 1987, it offers 1,557 sqft of living space with a renovated basement and an attached garage. The home presents a balanced profile: its living space is above average for Winnipeg overall but typical for its immediate area, suggesting a comfortable size without being oversized. The assessed value follows a similar pattern, positioned solidly within the mid-range for the city.
The appeal lies in its grounded, move-in-ready fundamentals within a mature community. The renovated basement adds functional living space, and the single-storey layout offers accessibility and straightforward living. A thoughtful perspective is that while the lot is smaller than others on Waterfront Road, it translates to less yard maintenance while still providing outdoor space. This property would suit first-time buyers seeking a stable entry into a popular neighbourhood, downsizers looking for a manageable single-level home with recent updates, or pragmatic investors attracted to a home with citywide value that aligns with area rents.
Frequently Asked Questions
1. Is the lot size a significant drawback?
While the land area is below average for Waterfront Road, it is typical for Island Lakes and Winnipeg overall. It offers a balance of private outdoor space with reduced maintenance compared to larger lots on the street.
2. How does the assessed value relate to the likely listing price?
Assessed value is for municipal tax purposes and is typically lower than market value. This home’s assessment is in a healthy mid-range percentile citywide, indicating a solid foundation for market pricing, but a professional appraisal is needed for an accurate market value.
3. What does the "above average" year built ranking mean for a 1987 home?
It indicates that, compared to all Winnipeg homes, this property is newer than about 75% of the housing stock. This suggests potentially fewer major age-related issues than much older homes, though systems like the roof or furnace will still be due for inspection.
4. Who might this home not suit?
Buyers seeking a very large lot, a brand-new build, or a home that stands significantly above its neighbours in size or value may want to look elsewhere. It is a home that fits comfortably within its community context.
5. Are the renovations in the basement permitted?
This information is not provided in the data. A crucial step would be to request documentation from the seller to confirm that all renovations were completed with the necessary permits and inspections.