Property Overview: 107 Arpin Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Island Lakes presents a balanced and above-average offering for the area. Its key characteristic is its consistent ranking above local and city-wide averages for living space, assessed value, and year built. With 1,747 sqft of living area and a renovated basement, it provides ample room for a growing household or those who value dedicated space for work or hobbies. The attached garage and a standard residential lot round out the practical features.
The appeal lies in its established yet not outdated position within a desirable neighbourhood. Built in 2002, the home avoids the potential maintenance issues of much older properties while being part of a mature community with settled greenery and amenities. From a value perspective, its assessed value places it in the top tiers for its street, neighbourhood, and city, suggesting a solid investment in a sought-after location.
This property would best suit buyers looking for a move-in ready, spacious family home in a perennial Winnipeg neighbourhood. It’s ideal for those who prioritize space and a proven community over a brand-new build or a massive lot. A thoughtful perspective for buyers is to consider the renovated basement not just as extra space, but as immediate equity—work is already done, providing functional living area without the project hassle. Additionally, its "above average" standing across multiple metrics on its own street indicates it's one of the stronger properties in a micro-market, which can be a stabilizing factor.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,747 sqft, the living area is above average for homes on Arpin Bay, in the Island Lakes neighbourhood, and across Winnipeg. It ranks in the top 28% on its street.
2. What does the assessed value tell me?
The assessed value of $54.50k is a strong indicator of the property’s municipal valuation for tax purposes. It ranks in the top 11% on Arpin Bay and top 18% in Island Lakes, suggesting it is considered a higher-value home within these areas.
3. Is the lot size typical?
The land area of 5,097 sqft is around the average for Arpin Bay. It is somewhat smaller than the average lot in the broader Island Lakes area and city-wide, which is common for this specific street.
4. When was the home built, and is that a concern?
The home was built in 2002. This is newer than the average Winnipeg home and slightly newer than the average on its street. It places the property in an era of modern construction standards while being old enough that any major initial settling or issues would likely have been addressed.
5. Where can I find the exact historical sale prices?
Exact sold prices are not published publicly. The listing service offers to provide the accurate sale history via email upon request, which they handle manually without using the contact for unsolicited marketing.