Property Overview: 62 Pamela Road, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained home, built in 2006, presents a practical and comfortable living space in the established Island Lakes neighborhood. Its key features include 1,587 sqft of living area, a renovated basement, and an attached garage. The data reveals a property of contrasts: while the lot size is more compact compared to others in the area, the home itself is above average in both size and assessed value when viewed citywide. Its construction year is notably newer than most Winnipeg homes, suggesting modern building standards and potentially fewer major maintenance concerns in the near term.
The appeal lies in its balance. It offers the space and finishes of a newer, above-average home without the premium often attached to the largest lots. The renovated basement adds immediate functional living space. This property would suit buyers seeking a move-in ready home in a mature neighborhood, who prioritize interior space and modern infrastructure over a sprawling yard. It’s a strong option for professionals, small families, or downsizers looking for a manageable property without compromising on the quality or size of the living area.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
The land area is smaller than the average for both Island Lakes and the city. This typically means less yard maintenance, which can be a benefit for those seeking a low-maintenance lifestyle. However, it may offer less private outdoor space for gardening or recreation compared to neighboring properties.
2. What does the "above average" assessed value indicate?
The assessed value ranks in the top tiers for the street, neighborhood, and city. This generally reflects the municipality’s view of the property’s worth relative to others, often influenced by the home’s condition, size, and the desirability of its newer build year. It’s a useful benchmark, but market sale price can differ.
3. Is the renovated basement a legal suite?
The listing notes a "renovated" basement but does not specify it as a legal secondary suite. Buyers interested in rental income or a separate in-law suite should verify its status and compliance with local regulations through their agent and the city.
4. How stable have property values been on this street?
Based on the limited sold price history shown (2017), and the current higher assessed value, the trend appears positive. For a complete picture, researching recent sales of comparable homes in Island Lakes is recommended to understand current market dynamics.
5. What are the less obvious considerations of a 2006 build?
A home from this era benefits from modern materials and codes but may be due for the replacement of certain medium-life components, such as the roof, major appliances, or the HVAC system. A thorough inspection is advised to gauge the remaining lifespan of these elements.