Property Overview: 140 Pauline Boutal Crescent, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2003, stands out for its above-average living space and modern age within its surroundings. With 1,869 sqft of living area, it offers more interior space than most comparable homes on its street, in the Island Lakes neighbourhood, and across Winnipeg. Its 2003 build date is notably newer than the majority of local properties, suggesting updated building standards and potentially lower immediate maintenance needs. The home features an attached garage and a renovated basement, adding functional space.
The appeal lies in securing a spacious, relatively modern home in a well-established neighbourhood. The data indicates you are paying a premium for the interior volume and newer construction, rather than land size, as the lot is smaller than most in the immediate area. This property would suit buyers who prioritize turn-key, generous indoor living space over a large yard. It’s ideal for professionals or families seeking a comfortable, low-maintenance home in a mature community with proven value retention, as reflected in its solid assessed value ranking.
Frequently Asked Questions
1. How does the smaller land area impact the property?
While the lot is smaller than most on the street, the home compensates with above-average interior space. This typically means less yard maintenance but may limit extensive outdoor additions like a large deck or pool.
2. The assessed value seems high for the lot size. What justifies it?
The assessment reflects the home’s premium characteristics: it is newer (2003) and has significantly more finished living space than area averages. Value is driven by the building itself, not the land.
3. Is the renovated basement included in the living area square footage?
Typically, living area (1,869 sqft) refers to above-grade, finished space. The renovated basement adds valuable extra square footage but is usually considered separately, enhancing the home’s total usable space.
4. How stable is the property’s value based on its history?
The home last sold in late 2021 within a close range of its current assessed value, indicating stable market recognition. Its consistent rankings above neighbourhood and city averages for key metrics suggest resilient value.
5. What are the less obvious trade-offs of a home built in 2003?
While modern, it’s now over 20 years old. Key components like the roof, major appliances, and HVAC system may be nearing the end of their typical lifespans, so a thorough inspection is advised.