Property Overview: 3 Harbours End Cove, Island Lakes
Key Characteristics & Buyer Profile
This two-storey home in Island Lakes presents a practical opportunity with a few distinct advantages. Its key characteristic is a generous, above-average lot size of over 8,800 sqft, offering more outdoor space than most properties in both the neighbourhood and city-wide. The home itself, built in 1999, is of average size for its street but sits on a renovated basement. Its assessed value is notably strong compared to the Winnipeg average, suggesting good municipal valuation relative to many city homes.
The appeal lies in this balance: you get a modern-enough home on a sizable lot in an established neighbourhood. It suits a buyer looking for room to grow—a family that values private backyard space over a maximized interior square footage, or a DIY enthusiast who sees potential in the land and the already-updated basement. It’s a home for those who prioritize lot size and neighbourhood stability, and who are comfortable with a property that is average in scale on its own street but stands out for its land holding in the broader context.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,359 sqft, the living area is slightly below the average for both Harbours End Cove and the wider Island Lakes neighbourhood, but is very close to the average home size across Winnipeg.
2. What does the assessed value tell us?
The assessed value of $47,800 is around average for its immediate area but ranks in the top 23% city-wide. This indicates that, for property assessment purposes, it holds a relatively strong value position compared to the majority of homes in Winnipeg.
3. Is the lot size a significant feature?
Yes. The 8,834 sqft lot is a standout, ranking in the top 13% in Island Lakes and the top 9% across the entire city. This is a primary feature of the property, offering substantial outdoor space.
4. What can recent sold prices indicate?
The sold price range from early 2024 shows a significant increase over the prior sale in 2017. This suggests strong appreciation in the period, though specific market conditions for each sale should be considered.
5. The home was built in 1999. What should I consider?
A home of this age is past its initial warranty period but is still relatively modern. Key systems like the roof, HVAC, and major appliances may be nearing or have reached their typical lifespans, so a thorough inspection is advisable to plan for potential updates.