Property Overview: 11 Treasure Cove, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes offers a balanced and practical living proposition. Its key characteristic is a generous, above-average lot size of over 10,700 sqft, placing it in the top 5% of lots within the neighbourhood and city-wide. This provides significant outdoor space and potential. The living area of 1,610 sqft is comfortably sized, aligning with the local average. A renovated basement and attached garage add functional appeal.
The home’s primary appeal lies in its established yet relatively newer construction (built 2001) within a mature, sought-after neighbourhood. It represents a "goldilocks" scenario: not the largest home on the street, but sitting on a premium lot that is increasingly rare. Recent sold price trends suggest growing market recognition of its value. This property would suit buyers looking for a family-ready home in a stable community who prioritize generous outdoor space over a maximized interior footprint. It’s also a sensible fit for those who appreciate a home that is modern enough to avoid major immediate renovations but has the character and space of an established area.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The lot is a standout feature. At 10,786 sqft, it is significantly larger than most in Island Lakes (top 5% in the neighbourhood) and across Winnipeg, offering exceptional outdoor space.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is a municipal tax tool. Recent sold data shows the home has traded well above its assessed value, indicating strong market demand that isn't fully reflected in that figure.
3. What is the home’s condition relative to others on the street?
Built in 2001, it is newer than most on its street (top 12%) and in the wider city. The mention of a renovated basement suggests updates have been made, though a full inspection is recommended.
4. How has the property’s value changed over time?
Available sold price ranges show a clear upward trend from 2016 to 2024, with the most recent sale positioned in a higher percentile ranking compared to earlier sales, indicating appreciating value.
5. What are the trade-offs of this property?
The home offers a premium lot but with a living area that is average for the immediate area. Buyers gain exceptional outdoor space but should ensure the interior layout and size meet their needs, as the value is weighted toward the land.