Property Overview: 87 Frigate Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2004, presents a balanced offering in the established Island Lakes neighbourhood. Its key appeal lies in its relative modernity and above-average citywide positioning, combined with the quiet convenience of suburban living. With 1,517 sqft of living space and a renovated basement, the home offers functional space for a family, though it is slightly more compact than many direct neighbours on Frigate Bay. The attached garage and a standard 5,510 sqft lot round out the practical features.
The home’s value perspective is nuanced. While its size is modest for the immediate street, it ranks well above the Winnipeg average, suggesting a efficient use of space in a desirable area. Its assessed value follows a similar pattern—positioned around the middle for Island Lakes but within the top quarter citywide. This indicates you are paying for the location and a newer build year more than sheer square footage. It would suit first-time buyers or downsizers seeking a low-maintenance, modern home in a mature neighbourhood with parks and waterways, without the premium for a largest-in-class property. The renovated basement adds valuable flexible space, appealing to those who want move-in-ready functionality.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,517 sqft, the living area is below the average for Frigate Bay itself but is very close to the average for the broader Island Lakes community and is above the overall Winnipeg average. It offers a comfortable size in a sought-after location.
2. What does the assessed value tell me about this property?
The assessed value of $48.90k (note: this likely represents a provincial assessment value, not a market price) is around average for Island Lakes. However, it places the property in the top 22% citywide, highlighting the relative premium of the neighbourhood.
3. Is the home considered modern for Winnipeg?
Yes. Built in 2004, it is newer than approximately 85% of homes across Winnipeg and is on par with or newer than most in the Island Lakes area, suggesting potentially fewer major maintenance concerns in the near term.
4. What is the lot size like?
The lot is 5,510 sqft, which is typical for the street and slightly below the city average. It provides standard suburban outdoor space without extensive yard maintenance.
5. Where can I find the exact historical sale price?
The listed sale price ranges are based on public data. For precise sale price history, you can request the information directly via the email prompt provided on the listing page.