Property Overview: 20 Lagace Place, Island Lakes, Winnipeg
Key Characteristics & Buyer Profile
This 1992 four-level split home in Island Lakes offers 1,882 sqft of living space, which is notably above average for the street, neighbourhood, and city overall. Its key features include an attached garage and a renovated basement. The property sits on a 6,895 sqft lot, which is spacious by city standards but slightly smaller than others on Lagace Place. The home’s assessed value is consistently in the top tiers across all comparison levels, indicating a strong and stable valuation.
The appeal lies in its combination of generous interior space, a modernized lower level, and the established, family-friendly Island Lakes community. It suits buyers looking for a home that offers more room than many in the city, without being a sprawling property. It’s particularly well-matched for growing families or those who value distinct living zones afforded by the split-level design. A thoughtful perspective is that this home represents a "sweet spot" – it’s newer than the Winnipeg average, yet mature enough to be in a well-developed area with mature landscaping, and its above-average metrics suggest it has been a well-maintained asset in its locale.
Frequently Asked Questions
1. How does the lot size compare?
While the lot is above average for the city and Island Lakes, it is slightly below the average for Lagace Place itself. This means you get a very generous yard by general standards, but neighbours on the street may have larger lots.
2. Is the home’s assessed value a reliable indicator of its market price?
The assessed value is strong, ranking in the top 15-24% across comparisons. This typically indicates a solid foundation for market value, but it is not a direct sale price. Always consult recent comparable sales for pricing.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent to understand the finish quality, layout, and whether it includes a legal suite or additional bedrooms.
4. The home is above average in size, but how is the layout?
As a four-level split, the floor plan is inherently compartmentalized. This is excellent for privacy and defined spaces but may feel less open than a modern bungalow or two-storey. Consider if the flow suits your lifestyle.
5. Where can I find the exact historical sale prices?
Exact sold prices are not published publicly here. The listing service offers to provide this precise data manually via email request, at no cost and with no marketing spam, typically by the end of the same business day.