Property Overview: 15 De Caigny Cove, Island Lakes
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes offers a practical, move-in-ready footprint with 1,803 sqft of living space and an attached garage. Built in 1990, it presents a solid, no-frills opportunity. The appeal lies in its position as a value-conscious entry into a well-established, family-friendly neighbourhood. The home's living area is comfortably above the Winnipeg average, providing good space for its assessed value tier.
The data reveals a nuanced story: while the property's size and age are strong compared to the entire city, it sits on the more modest end within its own desirable cul-de-sac and immediate area. This creates a specific buyer profile. It would suit first-time buyers or downsizers seeking the Island Lakes lifestyle—access to parks, waterways, and community amenities—without the premium price tag of the largest lots or newest builds on the street. It’s a home for those who prioritize location and functional space over having the biggest or most recently updated property in the immediate vicinity. The unfinished basement offers straightforward potential for future customization.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The assessed value is notably below the average for De Caigny Cove itself, suggesting it could represent a relative value within this specific, often sought-after location. You're paying less for the same address.
2. What does the sold price history indicate?
The home last sold in 2019 for a price range significantly lower than its current assessed value. This gap highlights strong market appreciation over the past six years and suggests the current assessment is in line with broader market trends.
3. How does the lot size impact the property?
At just over 6,000 sqft, the lot is smaller than many on the same street but is still above the city average. This means lower maintenance than larger lots, but potentially less private backyard space than some neighbours.
4. Is the home outdated?
Built in 1990, it is older than the average Winnipeg home. Buyers should anticipate features and systems typical of that era. The basement is noted as unfinished, which is common for the age, allowing you to finish it to your own taste.
5. Why is the city-wide assessment ranking so different from the street ranking?
This is a key insight. The home ranks very well city-wide for size and value, but average or below on its own street. This confirms you are looking at a premium neighbourhood where standards are high; this property is a more accessible option within that desirable area.