94 Captains Way

Property Overview: 94 Captains Way, Island Lakes

Key Characteristics & Appeal

This two-storey home in the established Island Lakes neighbourhood presents a practical and comfortable living space. Built in 2005, it offers modern construction without the premium of a brand-new build. The 1,601 sqft living area is efficiently sized, feeling spacious compared to the Winnipeg average but modest within its own immediate area—a sensible layout for daily living without excessive upkeep. A key feature is the renovated basement, adding valuable finished space. The home sits on a standard city lot, providing typical outdoor space for the area.

Its primary appeal lies in its balance and established setting. For buyers, it represents a solid, move-in-ready home in a mature neighbourhood with proven amenities. It particularly suits first-time buyers or downsizers seeking a manageable property without major renovations, or investors attracted by its recent sale history and steady assessed value. A thoughtful perspective is that while it may not lead its street in size or value, its "above average" standing city-wide suggests a reliable investment in Winnipeg's broader market—a home that offers stability and community roots over flashy specs.

Frequently Asked Questions

1. How does this home compare to others on Captains Way?
The home is fairly typical for the street. Its living space is near the street average, though it is on a slightly smaller lot and has a lower assessed value than many direct neighbours. This could indicate a value opportunity or reflect the specific features of the home.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality of the renovation and how the space can be used.

3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value for municipal taxes ($47,500) is consistently below recent sale price estimates ($49,500k - $52,500k in 2023). Market conditions, the renovated basement, and interior condition will have a greater influence on the final sale price.

4. What are the benefits of the 2005 build year?
A 2005 build means major components like the roof, windows, and HVAC system are likely still within or approaching their typical lifespan, potentially deferring major replacement costs for several years compared to an older home.

5. How does the lot size impact the property?
At 4,679 sqft, the lot is smaller than the Island Lakes average. This may mean less private backyard space but also translates to less maintenance. It's a practical size for a patio, garden, and play area without being overwhelming.