Property Overview
40 Scholberg Lane is a modern, two-storey home in Winnipeg’s Island Lakes neighbourhood. Built in 2020, it offers 1,664 sqft of living space with an attached garage and an unfinished basement. The home sits on a 3,816 sqft lot. Its current assessed value is $50.10k.
Key Characteristics & Appeal
This home’s primary appeal is its modern construction in an established neighbourhood. Built just six years ago, it is newer than 97% of homes in Winnipeg and 99% of homes in Island Lakes, suggesting lower immediate maintenance costs and modern building standards. The living space is above average citywide, offering room for a growing family or home office, yet the property is priced within the middle range for its immediate street and area. This creates a value proposition: you get a relatively new home without a premium "brand new" price tag.
The lot size is notably smaller than most in Island Lakes and across the city. This isn’t necessarily a drawback—it means less yard maintenance, which suits busy professionals or those seeking a lock-and-leave lifestyle while still having private outdoor space. The unfinished basement presents a clear opportunity for customization and added value, allowing the next owner to finish it to their specific needs.
This property would suit first-time buyers or young families looking for a move-in ready, modern home in a mature community with amenities. It’s also a practical fit for value-conscious buyers who want the benefits of a newer build (efficiency, modern layout) but are comfortable with a more compact yard.
Frequently Asked Questions
Q: How does the assessed value relate to the likely selling price?
A: The assessed value ($50.10k) is for municipal tax purposes. The home last sold in early 2021 for approximately $38.50k–$41.50k. The current selling price will be influenced by current market conditions, recent upgrades, and direct comparable sales.
Q: What are the pros and cons of the smaller lot size?
A: The lot is smaller than most in the area. The advantage is significantly reduced yard work and lower landscaping costs. The potential downside is less space for large gardens, play structures, or expansive outdoor entertaining.
Q: The basement is unfinished. What should I consider?
A: This is a blank canvas. You can finish it to add living space, such as a rec room or extra bedroom, but you must budget for permits, materials, and labour. Ensure you check for any necessary moisture protection or insulation requirements first.
Q: How does this home compare to others on the street and in Island Lakes?
A: In terms of size and assessed value, it is very average for Scholberg Lane and the Island Lakes area. Its standout feature is its age—it is one of the newest homes in the entire neighbourhood, which is a key differentiator.
Q: Where can I find the exact historical sold price?
A: The exact sold price is not publicly displayed in detail here. You can request it by email via the button on the property page. The service provides the accurate figure manually and does not use your email for unsolicited marketing.