Property Overview: 34 Waterfront Road, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home on Waterfront Road is a standout property in the Island Lakes neighbourhood, primarily due to its generous proportions and prime location. Built in 1986, the home features 2,234 sqft of living space—placing it in the top tier for size both locally and city-wide—and sits on a large, 9,374 sqft lot. It includes an attached garage and a renovated basement. The appeal lies in its established, spacious feel, offering more room and land than most comparable homes in a sought-after area. Its recent sale in late 2024 at a premium price point confirms its market desirability.
This home would best suit buyers looking for a well-sized family home in a mature neighbourhood without needing to undertake major renovations. It’s ideal for those who value space over a brand-new build, and for long-term residents who appreciate a property that holds an "elite" standing within its community for both size and value. A thoughtful perspective is that while the home is older than many in Island Lakes, its above-average city-wide ranking for year built suggests it’s a newer option among Winnipeg’s overall housing stock, offering a balance of established charm and relative modernity.
Frequently Asked Questions
1. How does this home’s size truly compare to others?
The living area is in the top 7% on its own street, top 4% in Island Lakes, and top 6% city-wide, meaning it is significantly larger than the average Winnipeg home.
2. The assessed value is listed at $62,100k. Is that the market price?
No. The assessed value is for municipal tax purposes. The home sold for between $645,000 and $675,000 in September 2024, which is the relevant market indicator.
3. Is the lot size a major feature?
Yes. The lot is notably larger than average for the street, neighbourhood, and city, offering ample outdoor space—a rarity in many newer subdivisions.
4. The home was built in 1986. What should I consider?
While older than the Island Lakes average, it’s actually newer than the typical Winnipeg home. The renovated basement is a plus, but a thorough inspection of original components (roof, windows, major systems) is advisable.
5. How can I find out the exact historical sold price?
The listing service offers to provide the exact sold price history via email upon request, as the figures shown are publicly-sourced ranges.