Property Overview: 19 Coral Reef Cove, Island Lakes, Winnipeg
Key Characteristics & Buyer Appeal
This is a well-maintained, single-storey home built in 1997, featuring a renovated basement and an attached garage. With 1,485 sqft of living space, it offers a practical layout for everyday living. The home’s primary appeal lies in its strong value proposition within the desirable Island Lakes neighborhood. While the lot size (5,412 sqft) is modest for the immediate street, the property consistently ranks above average in assessed value for both the neighborhood and the wider city, suggesting it is viewed as a solid asset. The renovated basement adds functional space and modern appeal.
This home would suit first-time buyers or downsizers seeking the convenience of a bungalow in an established, family-friendly community. It’s a pragmatic choice for someone who values a move-in-ready property with recent updates over a larger lot size, and who appreciates a home that holds its value well relative to its surroundings.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,485 sqft, the living area is below the average for Coral Reef Cove itself but is very close to the average for the broader Island Lakes neighborhood and is actually above the city-wide average for homes.
2. What does the assessed value ranking indicate?
The assessed value is above average for both Island Lakes and Winnipeg overall. This often reflects the home’s condition, updates (like the basement), and the desirability of the location, rather than just its square footage.
3. Is the lot size a concern?
The lot is smaller than most on its street. For buyers who prioritize low-maintenance outdoor space or who value interior updates over yard size, this is a reasonable trade-off. For those wanting extensive gardening or outdoor recreation space, it may feel limiting.
4. What can the past sale prices tell me?
The historical sold price ranges show significant appreciation between the 2017 and 2021 sales. To understand the exact sale prices and the current market context, you can request the precise figures via email from the listing source.
5. Who might this property not suit?
It may not be ideal for buyers seeking a very large lot, those who prefer a brand-new home, or families requiring significantly more above-grade living space. Its strengths are in its neighborhood, value retention, and practical, updated layout.