Property Overview: 54 Frigate Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Island Lakes presents a balanced offering for buyers seeking a modern, low-maintenance property in a mature neighbourhood. Built in 2005, it is one of the newest homes on Frigate Bay, offering contemporary construction and systems. With 1,517 sqft of living space and a renovated basement, it provides functional space that is above average for Winnipeg overall. The attached garage and a land size of over 6,000 sqft are practical assets.
The appeal lies in its strong positional value. While the living space is modest for its immediate street, the property holds its value well against city-wide benchmarks, suggesting a solid investment in a desirable area. Its recent sale history indicates steady appreciation. This home would suit first-time buyers or downsizers looking for a turnkey property in a family-friendly community without the upkeep of an older home. It’s also a sensible choice for value-conscious buyers who prioritize a newer build and a good lot size over maximizing square footage.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others in the area?
While its living area is below the average for Frigate Bay itself, it is competitive within the broader Island Lakes community and is notably larger than the typical Winnipeg home. This suggests a more efficient use of space within a sought-after location.
2. What does the assessed value tell me?
The assessed value is consistently around the average for both the street and Island Lakes, but ranks well above average city-wide. This indicates the property is firmly aligned with its direct market while benefiting from the premium associated with the neighbourhood.
3. The home sold recently in 2024. What should I consider?
The 2024 sale provides a very current market price point. Buyers should investigate the reason for the quick turnaround, but it also means the property has likely been maintained to modern standards very recently.
4. Is the lot size a pro or con?
At over 6,000 sqft, the lot is above average for the street and provides good outdoor space. However, it is slightly smaller than the average lot in Island Lakes. It’s a generous size for manageable gardening and recreation without being excessive.
5. Who would this property not suit?
Buyers needing extensive room to grow a family or who prioritize having one of the largest homes on the block might find the living space limiting. It may also not appeal to those seeking a brand-new development or specific amenities like a pool.