Property Overview
This two-storey home at 3 Chenier Bay in Winnipeg's Island Lakes neighbourhood presents a solid, spacious family option. Built in 1988, it features 1,868 sqft of living space, an attached garage, and a full basement. The property sits on a 6,259 sqft lot. Its appeal lies in offering above-average interior space for both the immediate street and the wider city, providing good value for its square footage. The home would suit buyers looking for established, roomy family living in a mature neighbourhood, who are comfortable with a house of this vintage and may have plans for future updates, as the basement is noted as not renovated.
Key Characteristics & Ideal Buyer
The home's key characteristic is its generous proportions. The living area ranks in the top 30% on its street and top 15% city-wide, meaning you get more house for your money compared to many Winnipeg properties. The lot size is also comfortably above average for the area. While the assessed value is around the neighbourhood average, this suggests the price reflects the home's age and condition rather than its size, potentially offering a value proposition for space-seeking buyers. A thoughtful perspective is that a home from this era often comes with larger room sizes and a more established, private yard compared to newer subdivisions. It would best suit a practical buyer who prioritizes interior and outdoor space over a modern, turn-key finish, and who sees potential in personalizing a property over time.
Frequently Asked Questions
1. How does this home’s value compare to others?
Based on assessed value, this property is very typical for its street and slightly below average for the Island Lakes neighbourhood. However, its living space is significantly above average for both, suggesting a favourable cost-per-square-foot ratio.
2. What should I know about the condition?
The listing explicitly notes the basement is "not renovated." Buyers should budget for potential updates and consider a thorough inspection, as the home is nearly 40 years old.
3. Is the lot a good size?
Yes. At over 6,250 sqft, the land area is above average for Chenier Bay and ranks in the top third for Island Lakes, offering ample private outdoor space.
4. How stable is the immediate area?
The home is on a quiet bay. The provided data shows consistent sales activity on Chenier Bay and directly adjacent streets, indicating a stable, established residential area.
5. Where can I find exact historical sale prices?
The exact sold price history is not publicly displayed. The listing service offers to provide this information manually via email upon request, with a stated commitment to reply by the end of the same business day.