Property Overview: 79 Nordstrom Drive, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in Island Lakes offers a balanced, move-in-ready package. Built in 2007, it is a notably newer construction compared to most Winnipeg homes, offering modern building standards without the premium of a brand-new build. With 1,815 sqft of living space and a renovated basement, it provides ample room for a growing family or those who value flexible space. The attached garage and a standard-sized lot round out the practical features.
Its primary appeal lies in its strong, consistent positioning within a desirable neighbourhood. The data shows it consistently performs "around average" to "above average" for its immediate street and the wider Island Lakes area across key metrics like size, value, and lot. This suggests a home that is comfortably in the mainstream of a stable community, avoiding the extremes of being either outdated or over-improved for the area. It last sold in late 2020, indicating a relatively recent market validation.
This property would suit buyers looking for a established, low-drama family home in a mature neighbourhood. It’s ideal for those who want modern conveniences without the unpredictability of a recent flip or an older home requiring major updates. The numbers paint a picture of a reliable, middle-of-the-market home—a solid choice for pragmatic buyers seeking a long-term residence with proven resale stability, rather than a standout "deal" or a luxury statement.
Frequently Asked Questions
1. How does this home truly compare to others in Island Lakes?
While its square footage and assessed value are around the neighbourhood average, its 2007 build year is a standout feature, ranking in the top 2% for newness in Island Lakes. This means you’re getting a much newer structure than most of the community while paying a price aligned with the area norm.
2. Has the home’s value increased since its last sale?
The home sold in late 2020 for an estimated range of $475k-$505k. Its current assessed value is $512,000. This indicates likely appreciation, but for an exact sold price and precise gain, you would need to request the confidential sale history from the listing service.
3. Is the lot size a disadvantage?
At just over 5,000 sqft, the lot is slightly smaller than the area average. However, it still provides standard backyard space and requires less maintenance. For buyers prioritizing interior space and a newer home over extensive outdoor acreage, this is a typical trade-off.
4. What does "around average" for the street and area actually mean for me?
It signifies lower risk. The home isn’t overpriced for its location nor is it an outlier that might be difficult to resell. You’re buying into the heart of the market, which typically offers stable value retention and broad appeal to future buyers.
5. The basement is noted as renovated. What should I ask about this?
You should confirm whether the renovation was permitted, the quality of the finish, and its intended use. A professionally finished basement adds valuable living space, but it’s important to understand if it’s a cozy family room, a legal suite, or something in between, as this affects utility and value.