Property Overview: 250 Island Shore Boulevard, Island Lakes, Winnipeg
Key Characteristics & Appeal
This 1,520 sqft, four-level split home on a 4,775 sqft lot presents a practical opportunity in the established Island Lakes neighborhood. Built in 1986, its key features include a renovated basement and a detached garage. The home’s appeal lies in its balance of space and value. While its living area is comfortably above the citywide average, its assessed value of $390k is positioned around the city median, suggesting a potentially reasonable entry point for the square footage offered. The renovated basement adds immediate functional living space without the need for a primary project.
This property would suit a buyer looking for a move-in-ready home with ample room for a family or home office, particularly one who values the mature community of Island Lakes over a newer subdivision. It’s a sensible choice for those who prioritize interior space and updates over a larger lot or a newer build date. A thoughtful perspective is that, while the lot size is smaller than many in the Island Lakes area, this can translate to less yard maintenance. The home’s value ranking is stronger citywide than within its immediate neighborhood, indicating it may represent a relative value within the broader Winnipeg market.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
The home’s assessed value ranks in the bottom third (Top 73%) for Island Shore Boulevard, meaning it is assessed lower than most direct neighbors. This could indicate a value opportunity, but it’s important to verify this through a current market evaluation and viewing.
2. Is the living space larger or smaller than typical?
At 1,520 sqft, the living area is above average for the city overall but is around the average for homes on Island Shore Boulevard itself. It offers more space than the typical Winnipeg home but is standard for its immediate locale.
3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to assess the quality of the renovation, what it includes (e.g., flooring, ceilings, bathroom), and whether it is a legal suite or simply finished living space.
4. The home was built in 1986. What should I be aware of?
As a home from the mid-80s, major systems like the roof, windows, furnace, and plumbing may be nearing or past their typical lifespans. A thorough home inspection is crucial to understand the condition and potential upcoming capital costs.
5. Where can I find the exact historical sale price?
The exact sold price from its last transaction (November 2017) is not publicly displayed in the data. You can request it directly via the “Get exact sold price history” feature on the listing page, which the service provides manually via email.