Property Overview
This two-storey home at 360 De La Seigneurie Boulevard in Winnipeg's Island Lakes neighbourhood presents a practical opportunity. Built in 2001, it features 1,507 sqft of living space, an attached garage, and a full basement that has not been renovated. The property sits on a 5,508 sqft lot, which is notably larger than many others on its street.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space and value within a well-established community. Its living area is comfortably average for the area, but the lot size is a standout feature, offering more outdoor space than most neighbouring properties—a relative rarity that provides room for gardening, play, or expansion. The home’s assessed value is positioned below the average for Island Lakes, suggesting it may represent a more accessible entry point into the neighbourhood. This combination points to a home that is fundamentally sound and positioned for personalization.
It would suit first-time buyers or young families looking for a foothold in a mature suburb without a premium price tag. The unrenovated basement presents a clear project, making it equally suitable for buyers who value the opportunity to add equity through updates tailored to their own tastes. It’s less suited for those seeking a turn-key property or modern, high-end finishes.
Frequently Asked Questions
1. What does the assessed value indicate about the listing price?
The assessed value is a municipal valuation for tax purposes and is typically below market value. This home’s assessed value being below the Island Lakes average suggests it may be priced competitively, but the final sale price will be determined by current market conditions.
2. How does the lot size compare to others?
At 5,508 sqft, the lot is above average for De La Seigneurie Boulevard, ranking in the top 18% on the street. This is a significant advantage, offering more private outdoor space than many nearby homes.
3. What should I know about the unrenovated basement?
The listing confirms the basement is full but unrenovated. Buyers should budget for potential finishing costs and include a thorough inspection to assess its current condition, moisture control, and suitability for their plans.
4. The home is 25 years old. What does that imply for maintenance?
A home from 2001 will likely have systems (like the roof, HVAC, or windows) approaching or within their typical lifespan. A pre-purchase inspection is crucial to identify any upcoming capital repairs, which can be factored into an offer.
5. Are recent sold prices on the street a good indicator for this home?
Nearby sales provide useful context, but direct comparisons should consider differences in updates, lot size, and condition. The last known sale for this property was in late 2016, so the market has likely shifted significantly since then.