Property Summary: 23 Berube Place, Island Lakes, Winnipeg
Key Characteristics & Appeal
This 1987-built, three-level split home in Island Lakes offers a unique blend of established character and modern updates. With 1,209 sqft of living space, it is a more compact option on its street and within the neighborhood, which may appeal to those seeking efficient, low-maintenance living without sacrificing the benefits of a mature community. Key features include a renovated basement, an attached garage, and a private backyard on a 5,887 sqft lot.
The home’s primary appeal lies in its balance. While the living area is modest for the immediate area, the property holds a high assessed value relative to its neighbors, suggesting quality updates, a desirable lot location, or other intrinsic value not immediately apparent from square footage alone. The presence of a pool adds a recreational luxury uncommon in many homes of this size.
It would suit downsizers from larger homes in the area seeking to stay in the neighborhood, first-time buyers looking for an entry point into a well-regarded community, or pragmatic buyers who value updated essentials (like the basement) and outdoor amenities over sheer interior size. It’s a property for those who understand value beyond raw square footage, appreciating a home that has been maintained and improved over time.
Frequently Asked Questions
1. Is the living space too small for the area?
While below the average for Island Lakes, the home’s efficient three-level split layout can make good use of the space. The high assessed value for the street indicates the property is considered desirable despite its footprint, likely due to its updates and condition.
2. What does the high assessed value on the street indicate?
Ranking 1st of 11 on Berube Place for assessed value suggests the municipality views this property as one of the most valuable on the block. This often reflects recent permits for renovations (like the basement), a premium lot, or superior condition compared to peers.
3. As a 1987 build, what should I be mindful of?
While newer than the Winnipeg city average, a home from this era may have original major components, like the roof or windows, nearing the end of their service life. A thorough inspection is advised to budget for any upcoming updates.
4. How does the lot size compare?
The lot is average for both the street and Island Lakes. It provides a typical suburban backyard space, which is enhanced by the inclusion of a pool—a feature that makes particularly good use of the standard lot size.
5. The last recorded sale was in 2017. Why might that be?
The long ownership period suggests the sellers have likely been stable, long-term residents. This can be a positive sign of a well-maintained home and a stable neighborhood, though it also means more recent comparable sales for pricing will come from other homes on the street.