Property Overview: 62 Captains Way, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes presents a compelling blend of space, modern updates, and established neighbourhood charm. Built in 2005, its key strength is its generous 2,173 sqft of living area, which places it well above average for its street, neighbourhood, and the wider Winnipeg market. The home features a renovated basement and an attached garage. Its assessed value is consistently above average across all comparison levels, suggesting a solid and recognized worth.
The appeal lies in acquiring a spacious, early-2000s home that has already seen significant updates, like the basement renovation, reducing immediate project lists for a new owner. It suits buyers looking for move-in-ready space for a growing family within a mature, amenity-rich community like Island Lakes. A thoughtful perspective is the lot size: while the home itself is spacious, the land area is slightly below average for the neighbourhood. This could be a plus for buyers seeking lower outdoor maintenance without sacrificing indoor square footage.
Frequently Asked Questions
1. How does the home’s value compare to recent sales on the street?
Based on available data, the home’s assessed value ranks above average for Captains Way. A nearby reference property on Ebb Tide Drive sold in the $455k-$485k range in early 2017, but for an exact and recent sold price history for this specific address, a request must be submitted via email.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the selling agent to understand the finish quality, layout, and whether it includes legal secondary suites or additional bedrooms.
3. Is the lot size a concern?
At 4,857 sqft, the lot is around the city average but below the average for Island Lakes. This means a smaller yard than some neighbours, which translates to less maintenance but also potentially less private outdoor space.
4. How does the age of the home (2005) factor in?
Built 21 years ago, the home is newer than most in Winnipeg. This age often means modern building standards and layouts, but it also places it within the window where major components (like the roof, HVAC, or appliances) may be nearing the end of their typical lifespans and should be inspected.
5. What are the immediate comparable properties?
The listing identifies nearby homes on the same street and others in Winnipeg with identical assessed values (e.g., in Wilkes South, Elmhurst, Varsity View) as useful comparables for gauging price and features.