Property Overview: 99 De Caigny Cove, Island Lakes
Key Characteristics, Appeal & Ideal Buyer
This single-storey home in the established Island Lakes neighbourhood presents a practical and value-conscious opportunity. Built in 1993, it is one of the newer homes on its street. The home features 1,310 sqft of living space, a renovated basement, and an attached garage on a 6,507 sqft lot. Its assessed value is notably above the Winnipeg city-wide average, yet it sits below the average for its immediate street and area, suggesting a potential value proposition within a desirable locale.
The primary appeal lies in its positioning as a manageable, updated property in a mature, family-friendly community. It suits first-time buyers seeking an entry point into a well-regarded area without the premium for a larger footprint, or downsizers looking for single-level living with a finished basement for extra space. A thoughtful perspective is that while the living area is modest for the street, this can translate to lower utility costs and less maintenance, aligning with efficient, modern living. The above-average city-wide assessment indicates a solid underlying value that may be bolstered by its recent sale history and renovated condition.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 1,310 sqft, the living area is below the average for both De Caigny Cove and the wider Island Lakes area. However, it is very close to the average size for a home across the entire City of Winnipeg, offering a comfortably sized, efficient layout.
2. What does the assessed value tell us about this property?
The assessment is above the Winnipeg city-wide average, which generally reflects a valued property. Interestingly, it is below the average for its own street and neighbourhood, which could indicate a more affordable option within a higher-value enclave.
3. Is the lot size typical?
The lot is just over 6,500 sqft, which is above average city-wide and fairly typical for Island Lakes. It provides ample outdoor space while remaining manageable.
4. The home sold in 2020. What might that mean for a buyer today?
The sale five years ago provides a recent market data point, but the current value will be influenced by market conditions since then and the fact the basement has been renovated. It establishes a clear historical price trajectory for due diligence.
5. Who would this property suit best?
It is an excellent fit for buyers prioritizing location and community over sheer square footage. First-time buyers can access a prime neighbourhood, while downsizers may appreciate the single-storey layout, renovated basement for family visits, and a yard that’s spacious but not overwhelming.