Property Overview: 46 Dockside Way, Island Lakes, Winnipeg
Key Characteristics & Appeal
This 1,846 sqft home, built in 2003, is a well-established property in the Island Lakes neighbourhood. Its key appeal lies in its strong positional value. While the home itself is broadly average for its immediate street in terms of size, land (7,162 sqft), and assessed value, it stands out significantly within the wider community. Its assessed value ranks in the top 5% for Island Lakes, indicating it is considered a premium property within this desirable area. The home features a renovated basement and an attached garage.
The property would suit buyers looking for a solid, modern-era home in a mature neighbourhood without the premium of a brand-new build. It’s particularly suited for those who value above-average lot size and living space compared to the Winnipeg city-wide average, and who understand the value of an asset that holds an "elite" assessment tier within its local market—a sign of enduring appeal and potential stability. A thoughtful perspective is that this home offers the benefits of a 2003 construction (modern standards, less immediate need for major system updates) while being part of a well-integrated, landscaped community that newer subdivisions often lack.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in January 2024 for a price range between $595,000 and $625,000, which is consistent with its current assessed value of $622,000. This suggests the assessment is closely aligned with very recent market activity.
2. Is the living space considered large for the area?
At 1,846 sqft, the living area is slightly above the average for Island Lakes and notably above the Winnipeg city-wide average. On its own street, Dockside Way, it is around the typical size, indicating the home is in good company among other substantial properties.
3. What does the "elite" assessed value ranking mean for Island Lakes?
Ranking in the top 5% for assessed value in Island Lakes means this property is officially valued higher than 95% of comparable homes in the neighbourhood. This often reflects a combination of lot attributes, home size, condition, and its specific location within the community.
4. How does the year built compare to nearby homes?
Built in 2003, this home is newer than most on its street (ranking in the top 8%) and in the wider Island Lakes area. This is a practical advantage, as major components like the roof, windows, and mechanical systems are likely more recent than those in many neighbouring homes.
5. What is the neighbourhood context of Dockside Way?
The provided data shows that homes on Dockside Way tend to be larger, on larger lots, and have higher assessed values than the broader Island Lakes and city averages. This suggests it is a quiet, established street within the neighbourhood that consistently features above-average properties.