Property Overview: 87 Brian Monkman Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Island Lakes offers a balanced and above-average package for its neighbourhood. Built in 2004, it is newer than most homes in Winnipeg, suggesting modern construction standards and potentially fewer major maintenance concerns in the near term. With 1,826 sqft of living space, it provides ample room, ranking above average for both the city and the Island Lakes area. The property includes an attached garage and a renovated basement, adding functional living and storage space.
Its primary appeal lies in its strong positional value within a desirable community. The data indicates that for key metrics like living area, assessed value, and year built, this home consistently performs above the local and city-wide averages. It suits buyers looking for a move-in ready, spacious family home in an established neighbourhood without the uncertainties of an older property. It would particularly resonate with those who value statistical reassurance—seeing a home that outperforms many of its peers on paper—combined with the practical benefits of a recent renovation and a quiet, bay-side location.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often different from market value. The home's last known sold price range (2022) was higher than its current assessed value, which is common. Market conditions, recent upgrades, and buyer demand will ultimately determine the sale price.
2. What does "above average" for year built really mean for me?
Being newer than 85% of homes in Island Lakes and city-wide means major components like the roof, windows, and furnace are likely in good condition or have been updated more recently. This can provide significant peace of mind and defer major capital expenses compared to an older home.
3. Is the lot size a pro or a con?
At just over 5,300 sqft, the lot is typical for the street but slightly smaller than the broader Island Lakes and city averages. This means manageable yard maintenance, but may offer less private outdoor space than some other properties in the general area.
4. The home ranks very high for its sold price history. What does that indicate?
Ranking in the top 10% of its street and top 3-4% of its area for its last sold price suggests it previously commanded a premium. This could be due to its condition, specific location on the bay, or the timing of the sale. It highlights the property's history of strong market performance.
5. What is the immediate neighbourhood like?
The listing shows several nearby properties on the same bay and street, indicating a dense, neighbourly setting. The consistent assessed values of similar homes nearby suggest a stable, uniform area without dramatic outliers, which can contribute to predictable property values.