Property Overview: 32 Bounty Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 32 Bounty Bay is a well-situated, late-90s built property in the established Island Lakes neighborhood. Its key characteristic is a sense of solid, above-average value within the broader Winnipeg market. With 1,581 sqft of living space and a renovated basement, it offers functional space for a family. The assessed value of $530k places it in the top 15-24% citywide and within Island Lakes, suggesting a desirable valuation relative to many other homes.
The appeal lies in its balance. It’s not the largest on its street, but it holds its own with modern enough construction and a recently updated lower level. It suits buyers looking for a move-in ready home in a mature neighborhood without the premium of a brand-new build. It would particularly suit a young family or downsizers seeking single-level living potential (with the basement providing extra space for guests or hobbies) who value a quiet, lake-access community. A thoughtful perspective is that while the lot is smaller than others on Bounty Bay, this can mean less maintenance—an appealing trade-off for those prioritizing indoor living space over extensive yard work.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Island Lakes?
The data shows it is competitively positioned. Its living area is near the neighborhood average, but its assessed value is above average for Island Lakes, indicating perceived quality or updates that place it in a higher tier relative to many local peers.
2. What does the sold price history indicate?
The home sold in August 2023 for between $495,000 and $525,000. This sale price was above the average for similar homes citywide and in the local area at that time, reflecting strong demand for properties in this category and location.
3. Is the smaller lot size a concern?
At 5,254 sqft, the lot is the smallest on Bounty Bay. However, it is very close to the average lot size for both Island Lakes and Winnipeg overall. It offers a manageable outdoor space while still providing typical backyard functionality.
4. What is the significance of the "renovated basement"?
While specific details aren’t listed, a renovated basement in a 1999 home typically adds valuable finished living space, such as a family room, office, or additional bedrooms. It’s a key feature that modernizes the home and increases its usable square footage.
5. How does the year built (1999) affect the home?
Built 27 years ago, this home is newer than most in Winnipeg. This often means modern building codes, efficient floor plans, and potentially fewer major system replacements (like roof or windows) compared to much older stock, though all components should still be inspected for their current condition.