Property Overview & Key Characteristics
This condominium at 1-360 Island Shore Boulevard in Island Lakes is defined by its exceptionally spacious layout. With 2,394 sqft of living area, it ranks in the top 1-2% of homes for size, both within its immediate neighbourhood and across the entire city. This makes it a rare find for a condo, offering the square footage of a large detached home. Its assessed value is above average citywide but aligns with the norm for the Island Lakes area, suggesting a solid value proposition for the space offered. Built in 2002, the unit is well-established within a mature community.
The primary appeal lies in securing maximum interior space without the maintenance of a house. It’s ideal for empty-nesters looking to downsize from a larger family home but who are not willing to compromise on room for family visits, hobbies, or furnishings. It would also suit a professional seeking a low-maintenance lifestyle with a generous home office or entertainment space. A thoughtful perspective is that this property offers "right-sized" living—it provides ample room for comfort and hosting while the condo structure handles exterior upkeep, a compelling trade-off for many.
Frequently Asked Questions
1. What does the ranking data for "Living Area" actually mean?
The data shows this condo is exceptionally large. It is larger than 99% of comparable properties citywide, 99% in Island Lakes, and 98% on its own street. You are getting significantly more interior space than the typical condo or townhome.
2. Why is the assessed value ranked as "around average" for the area?
While the condo is very large, its assessed value is typical for the desirable Island Lakes neighbourhood. This indicates you are paying a premium for the location, but the price per square foot likely compares very favourably due to the unit's above-average size.
3. Is a 2002 build considered old for a condo?
Not at all. For Winnipeg, a 2002 build is relatively modern, ranking above average citywide. Major components like windows, roofs, and building systems are likely still within or approaching their expected lifespan, but a review of the condominium's reserve fund study is essential to understand the plan and fees for future repairs.
4. How can I find out the exact past sale price?
The listed sale price range is based on public data. The listing service offers to provide the exact sale price from September 2023 via email upon request, which they handle manually without using your email for marketing.
5. What is the immediate building environment like?
The listing shows several units at the same address (e.g., 2-360, 3-360), indicating this is likely a townhouse-style or low-rise condominium complex. The proximity of other units suggests a community feel, but for specifics on building style, privacy, and common areas, a viewing is necessary.