Property Summary: 121 Leger Crescent, Island Lakes, Winnipeg
Key Characteristics & Buyer Profile
This home is a 1987-built, 3-level split with 1,291 sq ft of living space and a renovated basement, situated on a standard 5,688 sq ft lot in the established Island Lakes neighbourhood. Its key appeal lies in offering solid fundamentals—an attached garage, functional layout, and recent basement updates—within a mature, family-oriented community. The data reveals a nuanced position: while the home's living space is modest for its immediate street and area, its assessed value is notably below average for Island Lakes, suggesting a potentially accessible entry point into the neighbourhood. This combination makes it particularly suited for first-time buyers or practical downsizers who prioritize location and a move-in-ready basement over sheer square footage. A thoughtful perspective is that this property represents the "bones" of the area—it’s one of the older homes on the street, which can mean mature landscaping and settled foundations, but buyers should balance the charm of an established street with the potential for updates common to homes of this vintage.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 1,291 sq ft, the living area is below the average for both Leger Crescent and the wider Island Lakes neighbourhood. This indicates a more compact or efficiently used floor plan compared to many surrounding homes.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is significantly below the area average, which can sometimes indicate an older assessment or different valuation approach. It highlights potential value relative to the neighbourhood, but the final sale price will be determined by the current market.
3. What does the sold price history from 2017 tell us?
The 2017 sale provides a historical benchmark, but it is not a reliable indicator of current value given the significant market changes over the past eight years. It primarily confirms a consistent ownership period.
4. Are there any obvious concerns with a home built in 1987?
Homes from this era are generally well-built, but prospective buyers should pay special attention to the condition of major systems that may be near or past their typical lifespan, such as the roof, windows, and HVAC, even with a renovated basement.
5. What are the advantages of a 3-level split design?
This design often provides good separation of living and sleeping areas, offering more privacy than a bungalow or standard two-storey. However, the multiple levels mean more stairs, which is a consideration for mobility or young families.