Property Summary: 56 Brian Monkman Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This well-situated home in Island Lakes presents a compelling blend of space, location, and modern readiness. Built in 2004, it is notably newer than most Winnipeg homes, suggesting updated building standards and potentially lower immediate maintenance. With 1,811 sqft of living space, it offers ample room for a family, ranking above the city-wide average. Its strong assessed value, which places it in the top 10-12% of its neighborhood and street, indicates a property that has been maintained well and is viewed favorably relative to its peers.
The appeal lies in its established yet fresh character within a mature community. The renovated basement adds functional living space, and the attached garage provides practical convenience. While the lot size is slightly more compact compared to others in Island Lakes, this often translates to less yard upkeep. This property would ideally suit growing families or professionals seeking a move-in ready home in a popular southeast Winnipeg neighborhood, offering more modern construction than many alternatives without the premium of a brand-new build. A thoughtful perspective is that its above-average assessment on a street of similar homes could signal particularly good condition or desirable upgrades, offering a sense of relative value within the immediate area.
Frequently Asked Questions
1. How does the lot size compare to the neighborhood?
The land area is approximately 4,545 sqft, which is average for Brian Monkman Bay but below the average lot size for the broader Island Lakes area. This typically means a manageable yard with less maintenance.
2. What does the assessed value ranking tell me?
The assessment is in the top 10-12% for both the street and Island Lakes. This generally reflects a valuation that is higher than most comparable homes, often due to factors like condition, updates, or specific features.
3. Has the home’s value increased?
Based on available sold price ranges, the home sold for significantly more in 2023 than it did in 2020, indicating strong appreciation over that three-year period, consistent with broader market trends.
4. Is the home older or newer for the area?
Built in 2004, this home is newer than about 85% of homes in Island Lakes and 85% of homes city-wide, placing it in the top tier for modern construction in a mature neighborhood.
5. Where can I find the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request them directly via the email prompt on the listing page, and the service provider aims to send the accurate figures by the end of the same day.