Property Overview: 11 Leeward Place, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in Island Lakes offers a well-proportioned living space of 1,809 sqft on a generously sized lot of over 6,600 sqft. Built in 1987, it features a basement and a private pool, but no garage. Its primary appeal lies in its balanced, established nature. The home isn't an outlier in any single category but presents a solid, above-city-average package. The living space is comfortably larger than the Winnipeg norm, and the lot size stands out as particularly spacious both for the street and the neighbourhood. The inclusion of a pool is a notable amenity for summer enjoyment.
This property would suit a buyer looking for a ready-to-live-in home in a mature, family-friendly neighbourhood without the premium of a brand-new build. It’s ideal for those who value private outdoor space for recreation and gardening, and for whom a garage is not a necessity. The home represents a practical choice for someone seeking good value in a stable area, where the investment is in the land and livable space rather than brand-new finishes.
Frequently Asked Questions
1. How does this home compare to others in Island Lakes?
The home is consistently around the neighbourhood average for living area and assessed value, meaning it’s a typical offering for the area. Its lot size, however, is above average for Island Lakes, which is a significant positive for outdoor space.
2. What should I know about the basement?
The listing notes the basement exists but is "not renovated." Prospective buyers should budget for potential updates and include a thorough inspection to assess its current condition and potential for finishing.
3. Is the lack of a garage a major drawback?
This depends on the buyer’s lifestyle. The large lot may offer space for a future garage or shed, but the absence of one now means relying on driveway parking and considering storage solutions for vehicles and tools.
4. What is the context of the last sold price?
The home sold in August 2022 for an estimated range of $555k-$585k. This provides a recent market benchmark, but the current value will be influenced by market conditions, any changes made to the property since then, and the official assessed value of approximately $509k.
5. The home is older—what are the implications?
Built in 1987, major components like the roof, windows, HVAC, and the pool equipment are likely at or beyond their typical lifespans. A prudent buyer will factor potential updates into their offer, but also appreciate the established character and mature landscaping that come with an older home.