Property Overview
83 Peres Oblats Drive is a well-maintained, one-storey home in Winnipeg's Island Lakes neighbourhood. Built in 1992, it features an attached garage and a renovated basement. With 1,153 sqft of living space on a 5,275 sqft lot, its size is modest for the immediate area but aligns more closely with city-wide averages. The home’s recent sale history and assessed value suggest it is positioned as a practical, entry-level option within this established community.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of updates and location within a mature, family-friendly area. The renovated basement adds functional living space, a valuable asset in a single-storey layout. While the living area is smaller than many neighbouring homes, this translates to a more manageable footprint for maintenance and lower utility costs—a subtle advantage for certain buyers.
It would suit first-time homebuyers seeking a move-in-ready property in a desirable neighbourhood without the premium price of a larger house. It’s also a strong match for downsizers or empty-nesters who want single-level living, the community amenities of Island Lakes, and a yard that is sizable yet not overly demanding. The data indicates you are paying for the location and condition here, rather than square footage, making it a smart choice for those who prioritize community over sheer size.
Frequently Asked Questions
1. How does this home’s size compare to others in Island Lakes?
It is below the neighbourhood average for living area. This is reflected in its value, making it one of the more accessible entry points into the area.
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 listing agent to understand the quality and nature of the updates.
3. The assessed value seems low. Is that accurate?
The assessed value is for municipal tax purposes and is typically below market value. It is below average for Island Lakes but near average city-wide, consistent with the home’s smaller size for the neighbourhood.
4. Is this a good investment for the area?
Its recent sale price history suggests stable value. As one of the newer builds on its street (ranked in the top 2%), it may have advantages in systems and structure, which can be appealing for long-term upkeep.
5. What is the community like?
Island Lakes is a established, sought-after neighbourhood known for its parks, waterways, and community feel. This home offers that environment at a potentially lower price point due to its more compact nature.