Property Overview
This single-storey home at 15 Gauvreau Road in Winnipeg's Island Lakes neighbourhood presents a specific and compelling profile. Its key appeal lies in its balance of a well-sized lot, a recently renovated basement, and a position as a newer-built home on its street, all within a mature, family-oriented community.
Key Characteristics & Ideal Buyer
The home's 1,221 sqft living area is modest, placing it below the average for both its immediate street and the broader Island Lakes area, but it aligns closely with the average Winnipeg home. This suggests an efficient, manageable layout rather than expansive square footage. The renovated basement adds valuable finished space and modern appeal. A significant characteristic is the lot size of 5,804 sqft, which is notably larger than the average on Gauvreau Road, offering above-average outdoor space for the immediate locale.
Its appeal is rooted in being a solid, updated property in a stable neighbourhood. The data indicates it is one of the newer homes on its block (built 1992) and carries an assessed value that is high for the street but more moderate within the wider city context. This positions it as a home that may offer better relative value within its own micro-market.
This property would suit first-time buyers or downsizers looking for a low-maintenance, single-level layout in a quiet, established area. It would also appeal to a practical buyer who values a larger, private yard over a larger house footprint, and who appreciates that major updates like the basement renovation are already complete.
Frequently Asked Questions
Q: How does the size of this home compare to others in the area?
A: At 1,221 sqft, the living space is below the average for Island Lakes but is very close to the city-wide average. The home offers a more compact and efficient layout compared to some larger suburban models, which can mean lower utility costs and less upkeep.
Q: The assessed value seems high for the street but lower than the Island Lakes average. What does this indicate?
A: This suggests the property is well-maintained and likely updated compared to its direct neighbours, justifying a higher assessment on that street. Its assessment being below the neighbourhood average may indicate it represents a relatively affordable entry point into the Island Lakes community.
Q: What is the significance of the lot size being larger than the street average?
A: With a 5,804 sqft lot, this property offers more private outdoor space than most of its immediate neighbours. This is a valuable, less obvious perk for gardening, recreation, or future outdoor living features, providing a sense of space that can't be easily added to other homes on the block.
Q: The home sold in mid-2022. What can that recent sale price range tell me?
A: The sold price range from June 2022 provides a concrete, post-pandemic market benchmark. It reflects the home's value at a peak market period, offering a crucial data point for understanding its price trajectory and current market positioning.
Q: Is a single-storey home common in this neighbourhood?
A: While many homes in Island Lakes are two-storey, this one-storey "bungalow" style is less common. This offers distinct advantages for accessibility, ease of cleaning, and often simpler roof and exterior maintenance, which can be appealing for a specific segment of buyers.