Property Overview
This two-storey home at 161 Island Shore Boulevard in Winnipeg's Island Lakes neighbourhood presents a specific and value-oriented opportunity. Its key appeal lies in being a more modestly-sized and assessed property within a well-established area. With 1,280 sqft of living space, a renovated basement, and built in 1988, it sits around the average mark for its immediate street and city-wide, but notably below the average for the larger Island Lakes community in terms of size, land, and assessed value. This creates a distinct profile: a home that offers entry into a desirable neighbourhood without the premium price tag often associated with it. The lot is a manageable 4,453 sqft, and the home does not have a garage or pool.
It would suit first-time buyers or downsizers seeking the established setting and amenities of Island Lakes with a lower financial barrier to entry. It's also a practical fit for those who prefer a home without extensive yard maintenance or the upkeep of additional features like a pool. A thoughtful perspective is that its below-average assessment for the area could be appealing for property tax considerations, while its renovated basement adds functional living space that the main floor square footage alone might not suggest.
Frequently Asked Questions
1. How does this home's value compare to others in Island Lakes?
The home's assessed value is significantly below the average for the Island Lakes neighbourhood, ranking in the bottom 1%. This indicates it is one of the most value-priced properties in the area, which is a key part of its listing proposition.
2. Is the living space smaller than typical for the area?
Yes. At 1,280 sqft, the living area is below the Island Lakes community average. However, it is close to the average for the city overall and for its specific street, suggesting a more compact, efficient layout that is common in many Winnipeg homes.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This is a key point to clarify with the seller or listing agent to understand the finish quality, room layouts, and whether any permits were obtained for the work.
4. There's no garage. Where is parking available?
The property has no garage. Parking would be limited to the driveway and/or on-street. Prospective buyers should verify the driveway capacity and local street parking regulations.
5. The sold price history shows a range. How can I get the exact figure?
The exact sold price from its last transaction in March 2019 is not publicly displayed in this data. As noted, you can request it directly via the provided email link, and the service aims to provide the accurate figure manually without using your email for marketing.