Property Overview
This two-storey home at 2 Lessard Place in Winnipeg's Island Lakes neighbourhood presents a specific and compelling value proposition. Built in 1998, it features 1,781 sqft of living space, an attached garage, and a full, unrenovated basement on a standard 5,138 sqft lot.
Key Characteristics & Appeal
The primary appeal of this property lies in its above-average interior space at a below-average assessed value for its immediate area. The living area is in the top 25% of homes on its street and top 18% city-wide, offering more room than many comparable properties. However, its assessed value is the lowest on Lessard Place and below the average for Island Lakes, suggesting a potential value opportunity or a home in need of modernization. The unrenovated basement presents a blank canvas for future finishing to add significant value.
This home would suit practical buyers looking for space over immediate luxury, such as growing families who prioritize square footage and are willing to undertake projects over time. It’s also a sensible option for value-conscious purchasers who see potential in a well-located, spacious home that may benefit from updates. The established, late-90s build in a mature neighbourhood like Island Lakes offers stability and a known quantity compared to newer subdivisions.
Frequently Asked Questions
1. Why is the assessed value relatively low for the area?
The assessed value is the lowest on the street and below the neighbourhood average. This can be influenced by factors like the condition of the home, specific market adjustments, or the unfinished state of the basement. It often indicates a potential value opportunity for a buyer.
2. What does "basement yes, not renovated" mean?
This confirms the home has a full basement, but it is unfinished or has not been modernized. It provides essential utility space and significant storage or future living area potential, but any development would be an additional project and investment.
3. How does the living area compare to nearby homes?
With 1,781 sqft, this home offers more living space than approximately 75% of homes on its street and 82% of homes across Winnipeg, making it notably spacious for its price point within the Island Lakes context.
4. Is the lot size typical for Island Lakes?
At just over 5,000 sqft, the lot is around the average for Lessard Place but slightly smaller than the broader Island Lakes and city-wide averages. It provides a standard suburban yard space.
5. Where can I find the exact historical sale price?
The provided sale history shows estimated price ranges. To obtain the precise sale price from its last transaction, you can request it via email from the listing source, which provides this data manually without using your email for unsolicited marketing.