Property Overview
34 Lighthouse Point is a well-situated, one-storey home in Winnipeg's Island Lakes neighbourhood. Built in 1986, it features 1,596 sqft of living space, a renovated basement, and an attached garage. The property stands out for its exceptionally large, roughly 12,000 sqft lot, which is among the top 4% in both the neighbourhood and the entire city. While the house itself is modest in size compared to others on its street, it offers solid value with an assessed value that ranks highly within the broader area.
Key Characteristics & Appeal
The primary appeal of this home lies in its land. The lot size is a significant asset, offering rare space for gardening, recreation, or future expansion in a mature, established area. The renovated basement adds functional living space, making the home practical for everyday life. Its assessed value suggests it is a strong, above-average asset within Island Lakes and Winnipeg overall, indicating good long-term value.
This property would suit a few specific buyer types perfectly. First, it's ideal for those who prioritize private outdoor space over a large interior footprint. It could also appeal to downsizers seeking a single-level layout without sacrificing yard size. Finally, it represents a savvy opportunity for value-conscious buyers looking to get into the desirable Island Lakes area, where they can potentially add value over time, leveraging the excellent lot.
Frequently Asked Questions
1. Is the house too small for the street?
While the living area is below the average for Lighthouse Point itself, the home is above average in size compared to the whole city. It offers a comfortable layout, and the premium lot size more than compensates, offering a different kind of luxury.
2. What does the "Elite" lot ranking mean?
This means the property's land area is in the top 4% when compared to all homes in Island Lakes and citywide. It's a rare find, especially in a mature neighbourhood, offering privacy and potential not found in newer subdivisions.
3. The home was built in 1986. What should I be aware of?
While major systems like the roof, windows, and furnace may be due for updates or replacement given the home's age, the data shows it is newer than most homes on its street and citywide. A thorough inspection is always recommended.
4. How does the assessed value relate to the likely selling price?
The assessed value for municipal tax purposes is a strong indicator of the home's market value relative to other properties. Its high ranking suggests it is a substantial asset, but the final sale price will be determined by current market conditions.
5. What is the neighbourhood like?
Island Lakes is a mature, family-friendly community known for its lakes, pathways, and parks. This property's location on a quiet point offers a particularly peaceful setting within the area.