Property Overview: 62 Boisselle Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes offers a well-proportioned and established family living space. Its key characteristics include 1,930 sqft of living area, an attached garage, a renovated basement, and a generous 6,993 sqft lot. Built in 1987, the home is a mature property in a mature neighbourhood.
The appeal lies in its balanced, above-average positioning within a desirable area. While the home's size is typical for its immediate street, it ranks well above average for both living space and lot size when compared to the broader Island Lakes community and the entire city. This suggests a solid value proposition for the neighbourhood. The renovated basement adds modern, functional space. The property suits buyers looking for an established home in a sought-after area without the premium of a newer build. It would particularly fit growing families who value spacious lots and neighbourhood amenities over a brand-new construction, and practical buyers who appreciate the value-add of a finished basement and the stability of an area with consistent property metrics.
Section 2: Frequently Asked Questions
1. How does this home truly compare in the Island Lakes area?
While it's an average size for Boisselle Bay itself, this home is in the top 17% for living area and top 25% for lot size across all of Island Lakes. This indicates you get more interior and exterior space than most properties in this popular neighbourhood.
2. What does the assessed value tell us?
With an assessed value ranking in the top 19% for Island Lakes, the property is considered above average for the area. This often correlates with maintenance, updates, and desirable lot features, but it's important to compare this to the current asking price.
3. The home was built in 1987. What should I consider?
The year places it in the middle of the pack for the street but older than the Island Lakes average. Prospective buyers should prioritize a thorough inspection of major systems (roof, windows, HVAC, plumbing) common to homes of this era, while also recognizing that a well-maintained home from this period often features established landscaping and mature neighbourhood character.
4. What is indicated by the last sold price in 2022?
The home sold for between $655,000 and $685,000 in August 2022. This recent transaction provides a clear benchmark for the property's market value at that time, which is crucial for understanding its current price trajectory and for mortgage financing appraisals.
5. The data shows "renovated basement." What details are important to ask?
It's essential to inquire about the scope, quality, and permits for the renovation. Ask what was specifically updated (e.g., flooring, electrical, moisture proofing), who did the work, and if it includes a proper egress window for safety and legality. This clarifies the true value of the renovation.