Property Overview
This 4-level split home at 18 Lighthouse Point in Winnipeg's Island Lakes neighbourhood presents a specific and compelling value proposition. Built in 1986, it sits on a large, approximately 9,800 sqft lot—a standout feature that offers more private outdoor space than most homes in the city and even within the desirable Island Lakes area. The living area of 1,817 sqft is notably spacious compared to the Winnipeg average, though it is on the more modest side for its immediate street. Key features include a renovated basement and an attached garage.
The appeal here is rooted in space and location. The generous lot size is a significant asset for gardening, recreation, or future expansion, offering a degree of privacy less common in newer subdivisions. While the home itself is older, its assessed value is strong relative to the broader city and neighbourhood, suggesting solid fundamentals. This property would suit practical buyers who prioritize lot size over a brand-new build, such as young families seeking room to grow, or value-oriented purchasers looking for a established community with larger properties. It's a home for someone who sees potential in the land and the renovated basement, and is comfortable with a house that may require updates over time.
Frequently Asked Questions
How does the home's size compare to others?
While the 1,817 sqft living area is above average for Winnipeg and about average for Island Lakes, it is actually one of the smaller homes on Lighthouse Point itself. The trade-off is the larger-than-average lot.
Is the assessed value a good indicator of the likely selling price?
The assessed value of $54,200 is for taxation purposes and is not a market valuation. However, its high percentile ranking city-wide and in Island Lakes indicates the property is considered valuable by the assessment authority relative to others, which is a positive baseline.
What does the sale history tell us?
The home sold in March 2021 for an estimated range of $42,500-$45,500. Market conditions have changed since then, so this is a historical data point, not a current price indicator. The exact price is available upon request from the listing service.
What are the pros and cons of the lot size?
The nearly 10,000 sqft lot is a major advantage for privacy, outdoor activities, and landscaping. A less obvious consideration is that larger lots can mean higher maintenance (more lawn to mow, garden to tend) and potentially higher property taxes, but for many, the benefits far outweigh this.
What is a 4-level split layout like?
This style, common in its era, offers multiple defined living levels, which can provide good separation between living, sleeping, and recreational spaces. It can be efficient for family living, but also involves more stairs than a bungalow or two-storey home, which is a factor for some buyers.