Property Overview
This two-storey home at 18 Frigate Bay in Winnipeg's Island Lakes neighbourhood presents a balanced, move-in-ready option. Built in 2004, it features 1,751 sqft of living space, a renovated basement, and an attached garage. Its appeal lies in its strong "middle-of-the-road" positioning: the living space is comfortably above the city-wide average, and the home is newer than most in Winnipeg, suggesting modern building standards and less immediate need for major updates. The renovated basement adds functional living space. However, the lot size is notably smaller than most in the immediate area and across the city.
This property would suit practical buyers looking for a settled home in a well-established suburban community. It’s ideal for small families, professionals, or downsizers who value interior space and modern updates over a large yard. The data suggests it offers good city-wide value for its size and age, but buyers who prioritize extensive outdoor space or top-tier lot size within Island Lakes might look elsewhere.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around average for both Frigate Bay and the broader Island Lakes area, but ranks above average city-wide. This indicates you’re getting a property that is competitively priced within its immediate market, while its size and age offer relative value compared to the Winnipeg housing stock as a whole.
2. What are the implications of the smaller land area?
At 3,843 sqft, the lot is smaller than most in the neighbourhood. This typically means less yard maintenance, which can be a benefit for those seeking a low-maintenance lifestyle. The trade-off is less private outdoor space for gardening, play, or entertainment compared to other homes on the street.
3. The home was built in 2004. What should I consider?
A 2004 build is relatively modern, so major components like the roof, windows, and furnace are likely original but may be entering their key replacement periods. A thorough inspection is advised to anticipate upcoming maintenance, though the home should largely reflect contemporary layouts and building codes.
4. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the details. It’s essential to ask for specifics on the renovation’s scope, quality, permits, and whether it added bedrooms or simply finished living space. This significantly affects the home’s functionality and value.
5. Where can I find the exact historical sale price?
The listed sale price from 2017 is an estimated range. The publisher offers to provide the exact sale price via email upon request, stating they manually retrieve this data and will not use contact details for unsolicited marketing.