Property Overview
This one-storey home at 48 Mckall Bay in Winnipeg's Island Lakes neighbourhood presents a specific and practical value proposition. Its key appeal lies in being an affordable entry point into a well-established, family-oriented community. With 1,058 sqft of living space, it is notably compact compared to most homes on its street and in Island Lakes, but it benefits from a renovated basement, increasing its usable space. The attached garage and a standard-sized lot round out the core features. Built in 1994, it is newer than many Winnipeg homes, which can be a plus for maintenance.
The property would suit first-time buyers or downsizers seeking single-level living without the premium price tag of a larger bungalow. Its below-average assessed value for the area signals a potentially lower property tax burden, a practical advantage for budget-conscious owners. A thoughtful perspective is that this home offers the desirable Island Lakes lifestyle—access to parks, waterways, and community amenities—without requiring the upkeep of a larger property, making it a streamlined choice for a simpler lifestyle.
Frequently Asked Questions
1. Is this the smallest home on the street?
Based on the data, it is among the smallest. It ranks 37th out of 38 homes on Mckall Bay for living area, meaning most neighbours have larger homes.
2. How does its value compare to the rest of Winnipeg?
City-wide, its assessed value is around the middle of the pack (top 45%). This indicates you are paying primarily for the specific location in Island Lakes, not for an unusually large or high-end home.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This is a key question for your viewing or for your real estate agent to clarify with the seller regarding the finish quality, permits, and intended use (e.g., additional bedroom, living space).
4. The last sold price shows a range around $27.5k-$30.5k. Is that accurate?
No, that figure is not the actual sale price of the home. It is an artifact of incomplete public data. The true sale history is available by request from the site, as noted. The current asking price will be market-driven and significantly higher.
5. Given its smaller size, is the lot also smaller?
The lot is fairly typical. At just under 5,500 sqft, it is close to the average for both the street and the city, offering standard outdoor space for the neighbourhood.