Property Overview
This 4-level split home in Island Lakes offers a practical and spacious layout on a large, quiet lot. Its key appeal lies in the balance of established neighbourhood charm, above-average living space, and a recently renovated basement that adds immediate functional value. At nearly 1,800 sqft, the living area is notably larger than many homes on its street and in Winnipeg overall, providing ample room for a growing family or those who appreciate distinct living zones. The attached garage and generous 6,867 sqft lot are significant practical benefits.
The home would suit buyers looking for a move-in ready property in a mature area without the premium price of a new build. It’s ideal for those who value indoor space and a sizable yard over a brand-new home. A thoughtful perspective is that while the home was built in 1987, its above-average size and renovated basement position it as a strong value proposition compared to newer, often smaller, constructions in the area. The recent 2022 sale suggests a potential opportunity for equity growth for the next owner.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, permits, or the scope of work should be verified with the seller or during a viewing.
How does the assessed value compare to the likely asking price?
The property is assessed at $50,200. It last sold for $41,200 in March 2022. Market conditions and updates since the last sale will determine the current list price, which is typically higher than the assessed value.
Is the lot size a major advantage?
Yes. At over 6,800 sqft, the lot is significantly larger than average, offering excellent outdoor space. This is a lasting feature that newer neighbourhoods often can't match.
What are the utility costs for a 4-level split of this age?
As a home built in the late 1980s, heating and cooling costs can vary. Inquiring about recent updates to windows, insulation, or the furnace would be prudent for budgeting.
How does this home rank for space in the area?
The living area is in the top 8% on its street and top 16% in Winnipeg, meaning it offers more interior space than most comparable local properties, which is a key advantage.