Property Overview & Appeal
This 1,403 sqft condo at 27 Lakeview Cove in Island Lakes is a well-positioned home that balances space, value, and location. Its key appeal lies in its above-average living area, which ranks in the top 5% on its own street and the top 13% city-wide, offering more room than many comparable properties. The home features a renovated basement, adding to its functional space. Built in 1999, it is a mature property in a well-established neighbourhood.
The property suits buyers looking for a spacious condo in a quiet cul-de-sac setting within a popular family-oriented area. It’s particularly appealing to those who value interior space over a brand-new build, and to value-conscious buyers noting that its assessed value of $440k ranks significantly above the city-wide average (top 6%). This suggests a solid investment in a desirable area, without the premium price of a newer or fully detached home. A thoughtful perspective is that its "around average" rankings on its own street for value and year built indicate it fits seamlessly into the neighbourhood—offering stability without standing out as an outlier.
Frequently Asked Questions
1. How does the living space compare to other homes?
At 1,403 sqft, the living area is larger than most. It ranks in the top 5% of homes on Lakeview Cove and the top 13% across the entire city, making it a notably spacious condo option.
2. What does the assessed value tell me about this property?
The $440k assessment is above average for both Island Lakes (top 22%) and Winnipeg overall (top 6%). This typically indicates the city views it as a higher-value property within its category, which can be reassuring for investment, though market sale price may differ.
3. Is the 1999 build date a concern?
The year built ranks around average for its area and city-wide. This means major components may be due for routine updates or replacement, but the home is situated in a mature, stable neighbourhood where properties of this age are common.
4. What can the past sale data tell me?
The home sold in July 2017 for an estimated range of $335k-$365k. The significant increase to its current assessed value of $440k highlights strong appreciation over that period, reflecting broader market trends and the desirability of the area.
5. Why is the exact sold price not listed publicly?
Exact sale prices are not part of Manitoba’s public land title records. The ranges provided are estimates from public data. You can request the precise historical sale price directly from the site via email; they provide this verified data manually as a service.