Property Overview: 12 McKall Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in Island Lakes offers a practical and comfortable living space with a renovated basement and an attached garage. Built in 1993, it presents a well-maintained, established home in a mature neighbourhood. Its primary appeal lies in its efficient use of space and strong value positioning within the market.
The 1,564 sqft living area is notably above average for both its immediate street and the city overall, suggesting a spacious interior layout compared to many peers. While the lot size is more compact relative to others in Island Lakes, this often translates to less yard maintenance. The home’s assessed value is solidly above the Winnipeg average, indicating good municipal valuation, yet its last known sale price range (from 2022) was in a highly competitive percentile, hinting at strong buyer demand for this specific property type and location.
This home would suit buyers looking for a move-in ready, low-maintenance property in a family-friendly community. It’s ideal for professionals or small families who prioritize interior space over a large yard. The renovated basement adds valuable flexible space for recreation, a home office, or guests. Its above-average metrics in key areas, like living space and citywide value, suggest a property that punches above its weight, offering a compelling blend of space, updates, and location without the premium of a brand-new build.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is below the average for the Island Lakes area, it offers a manageable yard requiring less upkeep. This can be a significant advantage for buyers seeking a low-maintenance outdoor space or who prioritize indoor living area.
2. What does the "above average" citywide assessed value indicate?
The assessed value being in the top 26% citywide suggests the property is valued higher than most homes in Winnipeg by the municipal assessor. This often reflects a combination of the home’s condition, updates (like the basement), and its desirable neighbourhood.
3. The home sold in 2022. What does that sale price percentile mean?
The sold price at that time ranked in the top 10-13% compared to citywide sales, meaning it sold for more than nearly 90% of similar transactions. This strong historical performance indicates the property has been highly competitive in the market.
4. Is a home built in 1993 a concern?
Built 33 years ago, the home is from an era with modern building standards. It’s newer than the typical Winnipeg home (citywide average year built is 1966). Buyers should focus on the condition of major systems (roof, HVAC, windows) which would be expected to have been updated or nearing their service life.
5. How does the living space compare to the neighbourhood?
The living area is in the top 21% on its own street, meaning it’s larger than most direct neighbours. However, it’s close to the average for the broader Island Lakes area. This suggests you get more interior space than the immediate houses around it, which is a subtle but valuable advantage.