Property Overview: 12 Lagace Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes presents a solid, mid-sized family option with a practical layout. Built in 1992, it features 1,594 sqft of living space, an attached garage, and a full basement awaiting your personal touch. The lot is a notable asset at over 7,000 sqft, offering more outdoor space than most in the city and even ranking above average within the desirable Island Lakes neighbourhood itself.
Its primary appeal lies in its balance and potential. The home’s assessed value is positioned below the local area average, which could signal an opportunity for value-conscious buyers in a well-established community. It suits first-time buyers or growing families looking for a spacious yard in a mature neighbourhood without a premium price tag. The home doesn’t feature high-end renovations or a pool, making it ideal for buyers who prefer a blank canvas or are planning gradual updates to suit their own taste. A thoughtful perspective is that while the living space is average for the immediate street, its above-average citywide ranking and generous lot size offer a foundation that is increasingly rare in newer subdivisions.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is not renovated. This provides a clean slate for future development, such as creating a family room, home office, or additional bedrooms, subject to permits.
2. How does the property’s value compare to the area?
The home’s assessed value is below the current average for both Lagace Place and the wider Island Lakes neighbourhood. This can be an attractive entry point into the area, though it may also reflect the original condition of the home and the unfinished basement.
3. What is the lot size, and why does it matter?
The lot is 7,074 sqft, which is notably larger than many city lots and above the Island Lakes average. This provides ample space for gardening, play, and outdoor living, and is a key feature that adds long-term value and flexibility.
4. What are the recent sold prices for this home?
Public records indicate a sale in June 2021 in the range of $46.50k to $49.50k. For the exact historical sold price, you can request the information directly via the provided email service on the listing page.
5. Who are the most likely buyers for this property?
This home is well-suited for practical buyers—first-time homeowners, young families, or value-driven investors—who prioritize lot size and location over move-in-ready finishes. It’s for those who see the benefit in a home within a mature community that they can customize over time.