Property Overview: 175 Nordstrom Drive, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes presents a compelling blend of space, location, and modern comfort. Its key characteristic is an exceptionally large lot—over 11,600 sqft, ranking in the top 1% on its street—offering rare potential for privacy, gardening, or expansion. The living area (2,133 sqft) is also notably spacious, placing it well above average for the neighbourhood and city. Built in 2007, the home is relatively modern with a renovated basement and an attached garage.
The appeal lies in its established, above-average positioning. It’s not just a standard family home; it’s one that outperforms most peers in its immediate area for lot size, living space, and assessed value. This suggests a property that has been well-maintained and sits on a premium parcel of land. It would ideally suit buyers looking for a long-term family home in a mature neighbourhood who value generous indoor and outdoor space over a brand-new build. It’s also a fit for those who appreciate data-driven value—seeing the home’s "elite" rankings for lot and value in a sought-after area like Island Lakes provides concrete reassurance of its standing.
Section 2: Frequently Asked Questions
1. What does the "Top 1%" ranking for Land Area actually mean?
It means this property’s lot size is larger than 99% of the 72 homes on Nordstrom Drive. Compared to the street average of about 5,586 sqft, this lot is more than double the size, offering significant outdoor space.
2. The assessed value is listed at $61.90k. Is that the market value?
No. In Manitoba, the assessed value is for municipal tax purposes and is typically much lower than market value. The rankings show this assessment is in the top 3% on its street, indicating the city views it as a substantially more valuable property than its neighbours.
3. How updated is the home, given it was built in 2007?
The listing specifically notes a renovated basement. The year built (2007) suggests major systems like roofing, windows, and HVAC are likely still in good condition but may be approaching the age where future updates could be considered.
4. The last sold price range (2020) seems low. Why?
Like the assessed value, the sold price range shown (e.g., $51.50k ~ $54.50k) reflects the publicly recorded figure, which in Manitoba is not the full market price. The actual sale price was significantly higher. The site offers to provide the exact price via email for accuracy.
5. What are the less obvious advantages of such a large lot in this neighbourhood?
Beyond privacy and space, a lot of this size in a mature community like Island Lakes offers flexibility. It could accommodate additions like a large deck, shed, or sport court without sacrificing yard space. It also may provide better light exposure and drainage than smaller, tightly packed lots.