Property Overview: 50 Lands End Cove, Island Lakes, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home in the established Island Lakes neighborhood presents a compelling mix of space, location, and value. With 1,751 sqft of living space, it offers more room than the average Winnipeg home, providing ample space for a growing family or those who appreciate extra room to spread out. A key feature is the renovated basement, which adds functional living area and modern appeal. The home, built in 2004, is newer than most in the city, suggesting potentially fewer major maintenance concerns in the near term compared to older properties.
Its appeal is rooted in its position as a solid, above-average citywide property within a desirable neighborhood. While it sits on a smaller lot for the immediate street and Island Lakes area, this often translates to less yard maintenance. The attached garage is a practical asset for Winnipeg winters. The home’s assessed value is notably higher than the city median, but is competitive within Island Lakes itself, indicating you are paying for a sought-after location.
This property would suit practical buyers looking for a move-in ready family home in a mature community with amenities, who prioritize interior space and updates over having a large yard. It’s also a sensible choice for those who see value in a home that ranks well against the broader city market, even if it’s more modest within its own prestigious enclave.
Frequently Asked Questions
1. How does the property’s value compare to its neighbors?
The home’s assessed value is below the average for Lands End Cove itself, but is very close to the average for the wider Island Lakes neighborhood. This suggests it may offer relative value within this specific, well-regarded street.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, the permits pulled for the work, and whether it includes a legal secondary suite or additional bedrooms.
3. Is the smaller lot size a significant drawback?
At 4,628 sqft, the lot is smaller than most on the street and in Island Lakes. This means less private outdoor space and potentially closer proximity to neighbors, but also significantly reduced yard maintenance—a plus for many busy households.
4. How current are the interior finishes given the 2004 build date?
While the structure is 22 years old, the renovated basement indicates some updates. Viewings are essential to gauge the condition and modernity of the main living areas, kitchen, and bathrooms to understand any immediate update needs.
5. Where can I find exact historical sale prices?
The listed sale history from 2016 shows a range. For precise sale figures, you must request the information directly from SaveOnHouse via the email button provided on the listing page; they provide this data manually at no cost.