Property Overview
This single-storey home at 126 Smuggler's Cove in Island Lakes presents a distinct value proposition. Its key appeal lies in a combination of a generous, above-average lot size and a top-tier assessed value for its immediate street, suggesting strong underlying property value relative to neighbors. The home itself, at 1,319 sqft, is more modest in size compared to others on the street and in the neighborhood, but it benefits from a renovated basement. Built in 1989, it is among the newer homes in its local context.
This property would suit practical buyers who prioritize land space and solid property assessment over sheer interior square footage. It's ideal for those looking for a manageable single-level layout with expansion potential via the finished basement, or for someone who sees value in a home that stands out on its street for its official valuation rather than its footprint. The attached garage and quiet cul-de-sac setting add to its family-friendly appeal.
Frequently Asked Questions
How does the home's size compare to others in the area?
The living space is below the average for both Smuggler's Cove and the wider Island Lakes neighborhood. However, it is very close to the average size for a home across the entire city, indicating a fairly standard interior layout for Winnipeg.
What does the "Elite" assessed value ranking on the street mean?
This means that for its street, this home has the highest assessed value rank (1 out of 31). This often reflects factors like lot size, improvements, and condition relative to immediate neighbors, and can be a positive indicator for property value stability.
Is the lot size a significant feature?
Yes. The land area of over 8,000 sqft is consistently above average—ranking in the top 16% on the street, in Island Lakes, and citywide. This offers more outdoor space than many comparable properties.
What should I know about the year built (1989)?
While 37 years old, it is ranked as "Elite" for its street because it is one of the newest homes there. This suggests the surrounding houses are generally older, so this home may have newer core systems or construction standards than many on the block.
Why is the sold price history shown as a range?
The displayed price ranges are estimated from public data. To obtain the exact historical sold price for precise market analysis, you can request it directly via email from the listing service.