Property Overview
This two-storey home at 35 Coxswain Cove in Winnipeg's Island Lakes neighbourhood presents a balanced offering for buyers seeking a modern, well-sized home in a mature area. Built in 2007, it is notably newer than most homes in the city and especially within its own neighbourhood. With 1,854 sqft of living space, it provides above-average roominess for Winnipeg overall. The home includes an attached garage and a basement (not renovated), situated on a 5,602 sqft lot.
Its primary appeal lies in its relative modernity and efficient use of space within a sought-after community. The data suggests a property that is well-maintained and up-to-date compared to its peers, avoiding the immediate renovation needs common with older builds. It would suit a young family or professional couple looking for a move-in ready home in a stable suburban setting, who prioritize interior space and modern construction over a very large yard. A thoughtful perspective is that this home represents a "sweet spot" in its micro-market—it's one of the newer homes on its street, which could translate to fewer near-term maintenance costs, yet its assessed value is positioned below the street average, potentially offering value within a desirable enclave.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 1,854 sqft, the living area is above average for both Winnipeg and the Island Lakes area, offering more interior space than approximately 85% of city homes. On its specific street, however, it is close to the average.
2. Is the assessed value a good indicator of the listing or sale price?
The assessed value is $510k. It's important to note this is for municipal tax purposes. Market value is determined by current conditions, recent sales, and the home's specific features. This home's assessed value is above average citywide but around average for Island Lakes.
3. What does the "basement, not renovated" mean?
This indicates the basement is developed (finished) but has not been recently updated. It is functional living space, but buyers should inspect its condition to see if it meets their needs or if they anticipate future updates.
4. How does the lot size impact this property?
The lot of 5,602 sqft is smaller than the average lot on Coxswain Cove but is typical for the wider Island Lakes area and the city. This may appeal to those who prefer less yard maintenance while still having private outdoor space.
5. Why is the year built highlighted as a key feature?
Built in 2007, this home is newer than about 98% of homes in Island Lakes and 87% of homes citywide. This is a significant advantage, suggesting major components like the roof, windows, and mechanical systems are likely in good condition and built to more recent codes.