Property Overview: 51 Marcoux Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1986, featuring a renovated basement and an attached garage. With 1,460 sqft of living space on a 6,144 sqft lot, it offers a practical layout for comfortable living. The home’s primary appeal lies in its solid value proposition and established neighborhood setting. While its living space is modest compared to other homes on its street, its assessed value is notably strong, ranking in the top quarter of homes city-wide. This suggests a property that is well-kept and likely updated, offering more intrinsic value than its size alone might indicate.
It would suit buyers looking for a move-in ready, single-level living option in a mature, family-friendly community like Island Lakes. It’s particularly suited for first-time buyers, downsizers, or investors seeking a property with a proven value history and a renovated basement for extra flexibility. A thoughtful perspective is that this home represents a "value anchor" on its block—it may not be the largest, but its above-average assessment for the street hints at quality improvements and a stable investment in a well-regarded area.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others in the area?
The living area is below the average for both Marcoux Place and the broader Island Lakes neighborhood. However, it is very close to the average size for a home across the entire city of Winnipeg, making it a typically sized property in a wider context.
2. What does the assessed value tell me about this property?
The assessed value is strong. It ranks above average both on its specific street and city-wide. This often indicates that the property condition, improvements (like the renovated basement), and location are viewed favorably compared to many other homes.
3. Is the lot size a drawback?
The lot is smaller than most on Marcoux Place but is near the average for Island Lakes and is actually above average compared to lots across Winnipeg. It provides a manageable yard space without excessive maintenance.
4. The home was last sold in 2019. What can that price history indicate?
The sold price from late 2019 provides a historical benchmark. Given that the current assessed value is significantly higher, it reflects the general market appreciation over the past several years and the impact of any renovations completed since that sale.
5. Who would this property not be ideal for?
Buyers seeking a very large home or the largest lot on the street may find it limiting. Similarly, those preferring brand-new builds or ultra-modern layouts might prefer a newer subdivision, as this home is part of an established, 40-year-old community.