Property Overview: 68 Brian Monkman Bay, Island Lakes
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Island Lakes offers a practical and modern living space. Its key appeal lies in its balance of a recent build year (2004), which is newer than most homes in Winnipeg, and a renovated basement that adds functional living area. With 1,300 sqft of living space, it is a comfortably sized home that sits around the city-wide average, making it a manageable property for everyday living.
The home’s assessed value positions it as a strong value proposition city-wide, ranking above average compared to all Winnipeg properties. This suggests a solid foundation for equity. The lot, while smaller than many in the Island Lakes neighbourhood specifically, is still a generous city-standard size, offering outdoor space without excessive maintenance.
This property would best suit first-time buyers, downsizers, or practical-minded investors seeking a modern, low-maintenance home in a mature, family-friendly suburb. Its one-storey layout is ideal for accessibility, and its above-average city-wide value ranking makes it a prudent purchase for the long term.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to its neighbours?
At 1,300 sqft, the living area is somewhat smaller than the average for both Brian Monkman Bay and the wider Island Lakes area. This can be an advantage for those seeking easier upkeep, but buyers wanting ample space for a growing family should note the difference.
2. The assessed value seems high relative to past sale prices. Why?
The current assessed value ($49.20k as per the data) is notably higher than its last recorded sale range in 2018 ($37.50k - $40.50k). This increase reflects significant market-wide appreciation over the past several years and the added value of the basement renovation.
3. Is the smaller lot in Island Lakes a drawback?
The 4,328 sqft lot is below the neighbourhood average but is still a standard city lot. It provides a balanced yard space—large enough for gardening or recreation but not so large as to be burdensome, which can be a hidden benefit for those with busy lifestyles.
4. What does the "above average" city-wide ranking for the build year mean?
Built in 2004, this home is newer than approximately 85% of all homes in Winnipeg. This is a significant advantage, typically implying newer building materials, modern layouts, and potentially lower immediate costs for major system upgrades compared to much older homes.
5. Where can I find the exact historical sale price?
The precise sale price is not publicly listed due to data privacy. The listing service offers to provide the exact figure via email upon request, which they handle manually without using your address for unsolicited marketing.