Property Overview: 51 Frigate Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes offers a practical and well-proportioned living space. Its key appeal lies in offering above-average square footage (1,973 sq ft) for both the neighborhood and the city, providing more room than many comparable homes, all within a modern build from 2005. The home features an attached garage and a basement (not renovated), presenting a blank canvas for future development.
The property suits buyers prioritizing interior space over expansive outdoor land, as the lot is more compact than others on the street. It represents a solid, move-in ready option for growing families or professionals seeking a established, low-maintenance community in southeast Winnipeg. A thoughtful perspective is that its "above average" size but "around average" assessed value for the area could indicate good value for the space, assuming the home is in good condition. It’s ideal for those who want a newer construction home without paying a premium for the largest lot on the block.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
While the living area is generous, the land area is smaller than most in Island Lakes. This typically means less yard maintenance but may limit options for large additions, decks, or pools.
2. What does "basement, not renovated" imply?
The basement is undeveloped. This is a cost-saving opportunity if you don't need the space immediately, but it also means factoring in future renovation expenses if you desire a finished rec room, suite, or additional bedrooms.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (49.70k) is for municipal tax purposes. The actual market price is determined by recent sales, condition, and demand. The provided sales history from 2019 (41.50k-44.50k) is a historical data point, not a current valuation.
4. What are the benefits of a 2005 build?
Homes from this era generally feature modern building codes, efficient insulation, and updated electrical systems, potentially reducing immediate repair costs compared to older stock. It's one of the newest homes on Frigate Bay.
5. Where can I find the exact historical sale prices?
The exact sold prices are not publicly listed in this summary. As noted, you can request the precise figures via email from the source, which provides them manually without marketing spam.