46 Frigate Bay

Property Overview: 46 Frigate Bay, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Island Lakes offers a practical and comfortable living space. Its key characteristics include 1,581 sqft of living area, a renovated basement, an attached garage, and a notably large lot of 6,779 sqft. Built in 2004, the home is modern enough to avoid major immediate repairs but has a history that allows for settled neighborhood dynamics.

The appeal lies in its balance and above-average positioning. While the living space is typical for the street and neighborhood, the property stands out for its assessed value and land size, which rank in the top 20-30% across multiple comparisons. This suggests a premium lot and a home that has been valued favorably relative to its peers. The renovated basement adds immediate functional space without the need for a project.

This home would suit buyers looking for single-level living in a mature, family-friendly suburb. It’s ideal for those who value a larger, private yard over having the largest house on the block. The strong assessment metrics and recent sale history also make it a sensible consideration for value-oriented buyers who see merit in a property that consistently performs well against neighborhood benchmarks.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home was last sold in April 2023 for a price range between $545,000 and $575,000. Its current assessed value is $564,000, which aligns closely with that recent sale, indicating a stable and supported valuation.

2. Is the lot size a significant feature?
Yes. At 6,779 sqft, the lot is larger than most on Frigate Bay and in the wider Island Lakes area. This provides more private outdoor space, which is a less common find in newer suburbs and can be a long-term asset.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished recreational space, contains additional bedrooms, or includes a separate entrance.

4. How does this home rank for its age?
Built in 2004, the home is newer than about 85% of homes citywide. On its own street and in Island Lakes, it’s about average age. This means major components like the roof, windows, and HVAC are likely within or approaching a standard lifecycle for replacement, which is an important inspection and budgeting consideration.

5. Where can I find the exact historical sale price?
The exact sold price is not publicly displayed due to data privacy. The listing service offers to provide the precise figure via email upon request, which they handle manually without using the contact for unsolicited marketing.