Property Summary: 113 Wayfarer's Haven, Island Lakes, Winnipeg
Key Characteristics & Appeal
This home is a well-positioned property in the established Island Lakes neighbourhood. Built in 1999, it offers 1,619 sqft of living space with a renovated basement and an attached garage on a 5,820 sqft lot. The data reveals a home that is consistently above average compared to the wider Winnipeg market in terms of size, assessed value, and modern build year. Within its immediate area, it presents as a solid, middle-of-the-road option—not the largest or newest on the street, but one that holds its own with recent updates.
Its primary appeal lies in its balance and stability. The renovated basement adds functional living space, while the home’s metrics suggest a property that has maintained its value well relative to the city. It would suit practical buyers looking for a move-in ready home in a mature suburb, particularly those who value a quiet, established community over a brand-new development. A thoughtful perspective is that its "average" standing on the street could represent a value opportunity, offering the desirable Island Lakes location without the premium price of the largest or most recently built homes on the block.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is above average for the broader Island Lakes area and citywide, but ranks around the middle of the pack specifically on Wayfarer's Haven. This suggests you're buying into a desirable street where the property is competitively positioned.
2. Is the 1999 build year a concern?
While it’s one of the older homes on its specific street, it is still newer than the average Winnipeg home. A build year of 1999 typically means modern construction standards, but buyers should still prioritize a thorough inspection for age-related maintenance.
3. What does the sold price history indicate?
The property has sold twice in recent years (2023 and 2024) at similar price ranges, indicating a stable and consistent market valuation in the current climate.
4. How usable is the lot size?
At 5,820 sqft, the lot is slightly smaller than the average on its street but very close to the citywide average. It provides typical suburban outdoor space for gardening, play, or entertaining, but may not accommodate extensive additions.
5. Who would this home not suit?
Buyers seeking a brand-new property or the largest home on the block may find it less suitable. Similarly, those prioritizing a massive yard or top-tier rankings in every metric for the immediate street might look elsewhere. It’s best for those who see value in a balanced, well-maintained home in a prime neighbourhood.