Property Overview: 14 Frigate Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighborhood offers a practical, move-in-ready foundation. Built in 2004, it presents a modern layout without the concerns of an aging property. The 1,612 sqft living space is efficiently sized, ranking above average citywide, and features a renovated basement that adds valuable finished area. An attached garage provides convenience.
The primary appeal lies in its balance and location. It sits in a mature, sought-after community with amenities, yet the home itself is not oversized, offering manageable upkeep. The recent basement renovation adds immediate utility without the need for projects. Notably, while the lot is smaller than others on the street and in the area, this can translate to less yard maintenance—a plus for busy professionals or those seeking a lock-and-leave lifestyle within a house.
This property would suit first-time buyers or downsizers looking for a comfortable, low-hassle home in a prime neighborhood. It’s also a sensible fit for investors or buyers who prioritize a modernized interior and location over having a large yard.
Frequently Asked Questions
1. Is the smaller lot size a significant drawback?
While the lot is below average for the immediate area, it means less time and money spent on landscaping and maintenance. For many, this is a practical trade-off for being in a desirable neighborhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality and functionality of the space.
3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The sold price history from 2020 provides a past benchmark, but current market conditions will determine the final sale price. It’s best to review recent comparable sales.
4. The home ranks "below average" for assessed value on its street. What does that indicate?
This often suggests the home is more modestly sized or configured than some larger properties on Frigate Bay. It doesn’t necessarily reflect condition, especially with a renovated basement, but can indicate a relative value opportunity within the street.
5. Are there any known concerns with homes built in this era (2004) in Winnipeg?
Homes from this period generally have modern building standards. A standard home inspection is always recommended, but there are no widespread, neighborhood-specific issues known for this build year.