Property Overview: 480 De La Seigneurie Boulevard, Island Lakes, Winnipeg
Key Characteristics & Buyer Profile
This home is a well-positioned, mid-sized property in the established Island Lakes neighbourhood. Built in 2003, it offers a renovated basement and an attached garage. With 1,484 sqft of living space and a 4,416 sqft lot, its size is very typical for its immediate street, making it a standard, comfortable family home in this area.
Its primary appeal lies in its balance and established context. The home’s assessed value ranks above average both on its street and citywide, suggesting it is viewed favourably relative to its peers. For a 23-year-old home, its condition—highlighted by the renovated basement—appears to be a strong point. The lot, while smaller than many in the broader Island Lakes area, is in line with the local streetscape, offering manageable upkeep.
This property would best suit practical buyers looking for a move-in ready home in a mature neighbourhood without the premium or unpredictability of a brand-new build. It’s ideal for those who value community stability over a sprawling yard, and for owners who appreciate a home that holds its value well compared to its direct neighbours.
Frequently Asked Questions
1. How does the lot size compare to the rest of the neighbourhood?
While the lot is average for De La Seigneurie Boulevard, it is below the average lot size for the entire Island Lakes area. This typically means less private backyard space but also less maintenance.
2. What does the "above average" assessed value ranking indicate?
It suggests the city’s assessment of this property’s value is higher than many comparable homes on the same street and across Winnipeg. This often reflects recent improvements (like the basement renovation) and solid overall condition, but it’s also a factor in determining property taxes.
3. Is the home’s age a concern?
Built in 2003, the home is newer than the Winnipeg city average. This age often means modern building standards and layouts, while major components like the roof or furnace may be nearing a point where inspection or replacement should be budgeted for.
4. What can recent sold prices nearby tell me?
A nearby, virtually identical home sold in June 2024 for between $475,000 and $505,000. This provides a concrete, recent benchmark for the current market value of this type of property on this street.
5. Who would benefit from requesting the exact sold price history?
Serious buyers or sellers use this for precise financial planning. Knowing the exact past sale prices (not just ranges) allows for sharper comparisons and more informed offer or listing strategies.