Property Overview: 121 Wayfarer's Haven, Island Lakes, Winnipeg
Key Characteristics & Appeal
This home is a well-positioned, above-average offering within its established neighborhood. Built in 2001, it features 1,840 sqft of living space, which is notably larger than both the Winnipeg city average and the Island Lakes community average. A key feature is its renovated basement, adding valuable finished space, and it includes an attached garage. The home's assessed value places it in the top tiers for both the neighborhood and the wider city, suggesting a history of solid valuation.
Its primary appeal lies in offering generous interior space in a mature, sought-after area without the premium typically attached to the largest lots. While the land area is more compact compared to others on the street, this often translates to less yard maintenance—a potential plus for busy professionals or those seeking a lock-and-leave lifestyle. The renovated basement and attached garage add practical, modern convenience to the early-2000s build.
This property would suit buyers prioritizing move-in readiness and spacious interiors over extensive outdoor space. It’s an excellent match for growing families or professionals who want the community benefits of Island Lakes but prefer a manageable yard. It also represents a sound option for value-conscious buyers looking for a home that consistently performs above average in key metrics like size and assessment within its market.
Frequently Asked Questions
1. How does the lot size impact the property?
The lot is smaller than many on the street and in Island Lakes. This means less yard for gardening or play, but also significantly reduced maintenance time and costs. It positions the property as more home-focused than land-focused.
2. What does the "above average" assessed value indicate?
The assessment ranks in the top 15% for Island Lakes and top 12% citywide. This typically reflects the home's desirable characteristics (like the renovation and size) and can indicate strong market positioning, though property taxes will be commensurate with this higher valuation.
3. The home sold twice in 2019. What should I know?
The property saw two sales within an eight-month period. While the specific reasons aren't listed, this pattern is not uncommon and could range from a change in the buyer's circumstances to an investor flip. It warrants asking the seller or your agent for any known history during that time.
4. Is the living space configuration typical for the area?
At 1,840 sqft, the living area is larger than over 70% of homes in Island Lakes. This suggests a potentially more flexible layout with more bedrooms, larger common areas, or better utilization of space than many comparable properties.
5. What are the implications of the "renovated basement"?
While a positive, the scope and quality of the renovation are key. It's advisable to confirm what work was done, when, and if proper permits were obtained. A professionally finished basement adds significant functional space and value.