Property Overview: 23 Huppe Bay, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes offers a practical and well-maintained living space of 1,629 sqft, which is comfortably above the city-wide average. Its key feature is a renovated basement, adding valuable finished space, and it includes an attached garage. Built in 1986, the home is notably one of the newer properties on its street, suggesting potentially fewer major age-related concerns compared to immediate neighbors.
The appeal lies in its established neighborhood setting and its balanced metrics. While the lot size is more compact than others on Huppe Bay, it translates to less yard maintenance. The home’s assessed value sits above the city median, yet it is positioned below the average for the Island Lakes area, which could represent a relative value opportunity within this sought-after community.
This property would suit first-time buyers or young families looking for a move-in ready home with updated living space in a mature neighborhood. It’s also a sensible choice for downsizers seeking a manageable property without sacrificing interior room, thanks to the renovated lower level.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than most on its street, it is close to the average for Winnipeg overall. This means a more manageable yard for upkeep, but potentially less private outdoor space compared to some neighboring homes.
2. What does the assessed value tell me?
The assessment is above the city median but below the average for Island Lakes. This can sometimes indicate a more affordable entry point into the neighborhood, but it’s essential to compare it with recent sale prices of similar homes for a complete market picture.
3. The home was built in 1986. What should I consider?
As one of the newer homes on the block, major components like the roof, windows, or furnace may have been updated more recently than in older homes. A thorough inspection is still recommended to verify the condition of these 40-year-old systems.
4. Is the renovated basement included in the living area square footage?
Typically, municipal living area calculations do not include below-grade space, even if finished. The 1,629 sqft likely refers to the above-grade area, with the renovated basement providing additional bonus space.
5. How can I find out the exact historical sale prices?
The provided sale price ranges are based on public data. For precise figures, you can request the exact sold price history directly via the email submission option on the listing page.