Property Overview
10 Waterfront Road is a spacious, two-storey home in Winnipeg's Island Lakes neighbourhood. Built in 1986, it features nearly 2,000 square feet of living space, an attached garage, and a renovated basement. The lot is a generous 6,500+ square feet. The home's assessed value is consistent with the area, and recent sales data indicates stable market performance.
Key Characteristics & Appeal
This home’s primary appeal lies in its above-average interior space relative to both the immediate street and the wider city, offering more room than many comparable properties. The renovated basement adds functional living area, making it suitable for growing families or those who desire dedicated space for hobbies, a home office, or guests. Its position on Waterfront Road in Island Lakes suggests a quiet, established setting with larger lot sizes.
It would best suit buyers looking for a turnkey, spacious family home in a mature neighbourhood without the premium often attached to newer builds. The property offers a "more house for your money" proposition within its assessed value bracket, appealing to practical buyers who prioritize interior square footage and a finished basement over a brand-new construction. A less obvious point of consideration is the 1986 build date; while not historic, it places the home in an era before some modern building materials and standards, which a savvy buyer might want to investigate, but it also means the home has stood the test of several decades in Winnipeg's climate.
Frequently Asked Questions
1. How does the living space truly compare to other homes?
At 1,943 sqft, this home is in the top 22% for size on its own street and the top 12% citywide, meaning it offers significantly more interior space than the average Winnipeg house.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is a municipal calculation for tax purposes. While it provides a benchmark, the recent sold price range (late 2024) is the most direct indicator of current market value for this specific property.
3. What does "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify finishes or permits. Buyers should inquire about the scope of work, when it was done, and if it included any moisture-proofing or insulation upgrades.
4. The home was built in 1986. Are there any common concerns for houses of this age?
Homes from this period may have original components, like the roof, windows, or major mechanical systems (furnace, water heater), nearing or exceeding their typical lifespan. A thorough inspection is recommended to budget for potential updates.
5. How does the lot size impact the property?
At over 6,500 sqft, the lot is above average for the city. This provides ample backyard space, but the ranking shows it is slightly smaller than the average lot on Waterfront Road itself, so it may not be the largest property on the street.