Property Overview
This one-storey home at 217 Island Shore Boulevard in Island Lakes presents a practical opportunity in a well-established neighbourhood. Its key appeal lies in being a more affordable entry point into a popular area, offering a renovated basement and a detached garage. The home, built in 1986, is compact at 1,040 sqft with a similarly modest lot size of 3,988 sqft, placing it below average for both space and land within its immediate street and neighbourhood. This positions it distinctly as a value-oriented option rather than a premium one.
The property would suit first-time buyers or downsizers seeking the convenience of single-level living and the benefits of a move-in-ready basement without the premium price tag of larger homes in the area. Its city-wide assessed value is around average, suggesting it represents a fair market proposition. A thoughtful perspective is that its smaller scale can mean lower utility costs and less maintenance, which is a significant, often overlooked benefit for budget-conscious owners. The detached garage also offers flexibility for storage or a workshop.
Frequently Asked Questions
1. How does this home’s size compare to others in Island Lakes?
It is notably smaller than most in the neighbourhood. With 1,040 sqft of living area, it ranks in the bottom 4% for size within Island Lakes, where comparable homes average about 1,635 sqft.
2. Is the assessed value high for Winnipeg?
City-wide, its assessed value is around the middle of the pack, ranking near the 44th percentile. This indicates it is priced relatively in line with the broader Winnipeg market, not carrying an excessive premium for its location.
3. What are the potential drawbacks of the lot size?
The lot of 3,988 sqft is below average for the city and significantly smaller than most in Island Lakes (ranking in the bottom 1% for the neighbourhood). This means less private outdoor space and potentially closer proximity to neighbours compared to other homes in the area.
4. What is a less obvious advantage of this property?
While older than many homes on its street (built in 1986), it is actually newer than the average Winnipeg home. This can suggest more modern construction standards for its era compared to much of the city's housing stock.
5. What does the sold price history indicate?
Public records show it last sold in September 2020 for an estimated range of $31.5k to $34.5k. For the exact sale price, you can request details via email from the listing source, as they maintain a manual, precise record.