Property Overview: 279 Island Shore Boulevard
This single-storey home in Winnipeg's Island Lakes neighbourhood presents a practical opportunity in a well-established area. Built in 1987, it features 1,097 sqft of living space and a renovated basement, situated on a 4,726 sqft lot. The home has no garage or pool. Its recent sold price history and assessed value position it as a more accessible entry point within its immediate area.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its value proposition within the Island Lakes community. While its living space is below the neighbourhood average, the renovated basement adds functional square footage. Its assessed value is significantly lower than many area comparables, suggesting a potentially lower property tax burden and an opportunity for buyers priced out of larger homes in the same sought-after area.
It suits first-time buyers or downsizers seeking single-level living in a mature neighbourhood with amenities. The lot size is manageable for low-maintenance outdoor space. A thoughtful perspective is that this home represents the "starter" tier of Island Lakes—offering the location and community benefits without the premium price tag of its larger, newer neighbours. It’s a home for those who prioritize location and practicality over size or modern features.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value is below the average for both Island Shore Boulevard and the wider Island Lakes neighbourhood, but is around the city-wide average. This indicates it’s a competitively priced option within the city, but stands out as a value-oriented choice within this specific community.
2. What does the sold price history indicate?
The home sold in May 2024 and previously in August 2020. The increase in sold price range between those dates aligns with broader market trends, showing steady appreciation. The most recent sale price positioned it in the top 28% for value on its own street.
3. Is the lot size a disadvantage?
At 4,726 sqft, the lot is below the Island Lakes average but is close to the average for its own street. It provides adequate private outdoor space for a patio or garden while requiring less maintenance than a larger yard—a potential benefit for many buyers.
4. What should I know about the “renovated basement”?
While noted as renovated, the specifics of the renovation (quality, finish, permits) are not detailed here. This is a key area for a professional home inspection to verify the workmanship and ensure it adds safe, comfortable living space.
5. How does the age of the home (1987) factor in?
Built in 1987, the home is older than many in Island Lakes but is newer than the Winnipeg city-wide average. Buyers should be prepared for potential updates to original components, such as the roof, windows, or major systems, which may be nearing the end of their typical lifespan.