Property Overview: 476 De La Seigneurie Boulevard, Island Lakes
Key Characteristics & Appeal
This home is a standout for its spaciousness and perceived value within its immediate neighborhood. With 1,875 sqft of living space, it offers significantly more room than most comparable homes on its street, in Island Lakes, and across Winnipeg. The renovated basement adds functional space, and the attached garage provides convenience. Its most striking characteristic is its assessed value of $568,000, which ranks in the top 2% on its boulevard, suggesting the property is viewed as a premium asset relative to its direct peers.
The appeal lies in securing an above-average sized home in a well-established, family-friendly neighborhood like Island Lakes, with the added benefit of recent updates. The data indicates you're buying a property that is statistically larger and more highly assessed than most around it, which can be appealing for both livability and long-term investment. It would suit buyers looking for a move-in ready family home with ample space, who value a quiet residential setting over a large lot, as the land area is more modest compared to others in the wider area.
A thoughtful perspective: while the assessed value is elite for the street, the last known sale price (2020) was considerably lower. This gap may indicate significant market appreciation, substantial improvements, or a unique valuation—factors a buyer will want to understand. The home, built in 2003, is neither new nor old, offering a balance of modern standards without the potential issues of very recent construction.
Frequently Asked Questions
1. Why is the assessed value so high compared to the last sold price?
Assessed values for tax purposes are based on mass appraisal models and may not reflect current market value or specific upgrades. The significant increase since the 2020 sale could be due to strong market appreciation in the area, the renovated basement, or a re-assessment of the property's worth relative to neighbors.
2. How does the lot size compare to the neighborhood?
The land area of 4,637 sqft is about average for De La Seigneurie Boulevard but is below the average lot size for the broader Island Lakes community. This means you get a very spacious home on a standard-sized lot for the immediate area.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing or inquiry with the listing agent is necessary to determine the finish quality, room layouts, and whether it includes legal secondary suites or additional bedrooms.
4. Are there any concerns with a home built in 2003?
Homes from this era are generally built to modern codes. However, it's the age where original components like the roof, HVAC system, or major appliances may be nearing the end of their typical lifespan and could require inspection or future replacement.
5. How can I get the exact historical sale prices?
The exact sold price history is not publicly displayed. As noted on the detail page, you can request this information directly via email from the source, who provides the data manually without using your email for unsolicited marketing.