Property Overview: 55 Treasure Cove, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighbourhood offers a practical, renovated living space on a manageable lot. Built in 1999, the 1,456 sqft house features an attached garage and a renovated basement, providing modernized living areas. The property presents an interesting value profile: while its living space and lot size (6,323 sqft) are modest for its immediate street, its assessed value is strong compared to the wider Winnipeg market. This suggests a home that is well-maintained and updated relative to the city's older housing stock.
Its primary appeal lies in being a turn-key, mid-sized family home in a mature, sought-after neighbourhood without the premium lot size that often commands a higher price. It would suit first-time buyers or downsizers seeking a low-maintenance property in a convenient location, or value-conscious buyers who prioritize interior updates and city-wide equity over having the largest yard on the block. A thoughtful perspective is that this home represents a "sweet spot" for those who want the community benefits of Island Lakes but are comfortable with a more efficient, contemporary footprint.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The lot is 6,323 sqft, which is smaller than average for Treasure Cove but is actually slightly above the city-wide average for Winnipeg. It offers a manageable outdoor space typical of many newer suburban developments.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the home's full living space and quality.
3. Why is the assessed value higher than some nearby sold prices from 2020?
The assessed value is a municipal valuation for tax purposes, which considers factors like renovations and market trends. Sold prices from several years ago reflect a different market moment and may not account for recent updates to the property.
4. Is this home a good value compared to the rest of Winnipeg?
The data indicates that, city-wide, this home ranks in the top 26% for assessed value, suggesting it holds its value well compared to the broader market. Its appeal is its condition and neighbourhood within a competitive price tier.
5. How can I get the exact historical sold price for this home?
The exact sold price is not publicly displayed. As noted on the detail page, you can request this information directly via email from the site; they provide the accurate figure manually without using your email for marketing.