Property Overview: 180 Dockside Way, Island Lakes, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 2002, offering 1,220 square feet of living space with a renovated basement and an attached garage. Its core appeal lies in its balance of manageability and value. While the home is notably smaller than most on its street and in the Island Lakes neighbourhood, it presents an efficient layout that suits downsizers, first-time buyers, or those seeking a lower-maintenance property without leaving a desirable, established area.
The data reveals a thoughtful perspective: this home is a relative standout in terms of assessed value city-wide, ranking in the top 24%. This suggests it represents solid intrinsic value compared to the broader Winnipeg market, even if it's a more modest offering within its immediate, affluent surroundings. The lot size is manageable at just under 5,000 square feet, aligning with the home's overall theme of easy upkeep. The recent sale in late 2024 indicates a refreshed and move-in-ready condition. It best suits buyers who prioritize location and value over sheer size, and who appreciate a renovated, single-level living space in a mature community.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
It is significantly smaller than the average home on Dockside Way and in the wider Island Lakes neighbourhood. This is a key factor to consider if space is a primary need, but it also contributes to the home's manageability and likely its price point within this area.
2. What does the "above average" city-wide assessed value ranking mean?
This indicates that, compared to all residential properties in Winnipeg, this home's official assessed value is higher than most (in the top 24%). This can reflect a combination of factors like the desirable Island Lakes location, the home's condition, and recent renovations, suggesting it holds strong fundamental value in the broader market context.
3. Is the basement development included in the listed living area?
No, the 1,220 sqft living area refers to the above-grade footprint. The renovated basement is an additional, valuable space that adds functional living area but is not counted in the official square footage metric used for comparisons.
4. The home sold recently in late 2024. Why is it back on the market?
While the specific reason isn't provided, a quick resale can sometimes relate to a change in the buyer's personal circumstances, an investor flipping the property, or a relocation. A professional home inspection is always recommended to ensure the property's condition.
5. What are the advantages of a smaller lot in this neighbourhood?
A sub-5,000 sqft lot in Island Lakes means less time and cost spent on yard maintenance, landscaping, and snow clearing. This can be a significant benefit for buyers looking to enjoy the community amenities and mature setting without the extensive upkeep of some of the larger properties nearby.