Property Overview: 106 Smuggler's Cove, Winnipeg
Key Characteristics & Appeal
This 4-level split home in Island Lakes offers a compelling blend of space and location. Built in 1988, its primary appeal lies in its generous proportions relative to its surroundings. With 1,788 sqft of living area, it ranks in the top 10% for size on its own street and top 18% citywide. The lot is a significant feature at 9,402 sqft, placing it in the top 13% locally, offering ample outdoor space that is increasingly rare. The home includes a renovated basement and an attached garage.
Its value proposition is nuanced. The assessed value is above average citywide but sits around the middle for the immediate neighborhood, suggesting a well-sized property at a relatively efficient price point for the area. This home would suit buyers prioritizing indoor and outdoor space over a brand-new build. It’s ideal for a growing family seeking room to spread out in a mature, established community, or for someone who values a larger, private yard for gardening or recreation without moving to the city's outskirts.
Frequently Asked Questions
1. How does the home’s age affect its value?
While the 1988 build date is below average for the street, the home’s above-average living and land area help balance this. It suggests value is driven more by its spacious footprint and lot than by being a recent construction, potentially offering more "house" for your dollar.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value provides a benchmark for property taxes. The fact that it's above average citywide but average for Island Lakes indicates the home is in a desirable area. Final sale price will depend on market conditions, the home's specific condition, and the value buyers place on its large lot and living space.
3. What does the large land area (over 9,400 sqft) practically mean?
This is a standout feature. It offers significant potential for outdoor living, gardening, play space, or future additions like a shed or deck. It also provides more privacy and distance from neighbors than many newer lots in the city.
4. The home last sold in 2022. What should I consider?
A recent sale indicates a potentially motivated seller and provides a clear, modern price precedent. It’s important to find out what updates or changes the current owners have made since their purchase to understand the home’s current condition and value.
5. How does this home compare to others in Island Lakes?
It offers more living space and a significantly larger lot than the average home in the neighborhood. While its build date is slightly older than the area average, you are getting more physical property, which is a trade-off some buyers will find favorable.