Property Overview: 56 Mckall Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This single-storey home in the established Island Lakes neighbourhood presents a practical and grounded opportunity. Built in 1993, it features 1,153 sqft of living space, a renovated basement, and an attached garage on a well-sized 5,727 sqft lot. The home’s assessed value is notably below average for its immediate street and area, which may indicate potential value relative to neighbouring properties. Its appeal lies in its efficient layout, updated lower level, and the quiet, family-oriented setting of a mature suburban community.
The property would suit first-time buyers seeking an entry point into a desirable area, downsizers looking for a manageable single-level layout with a finished basement for family visits or hobbies, or value-conscious investors. A thoughtful perspective is that while the living space is modest for the neighbourhood, the larger-than-average lot for the street offers valuable outdoor space and potential, a trade-off that some buyers will prefer. Its city-wide "around average" metrics suggest it represents a very typical Winnipeg home in many respects, offering a stable, no-surprises foundation.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,153 sqft, the living area is below the average for both Mckall Bay and the wider Island Lakes area. This suggests a more compact or efficient floor plan compared to many neighbours, which can mean lower utility costs and less maintenance.
2. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value (43.50k) is for municipal tax purposes. The sold price history from 2020 (36.50k–39.50k range) and current market conditions are more relevant for determining market value. The assessment being below area averages is a point for discussion with your real estate agent.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Viewing the property is essential to determine the finish quality, room layouts, ceiling height, and whether it includes a legal secondary suite or additional bedrooms.
4. How does the lot size benefit a buyer?
The land area is above average for Mckall Bay, providing more private outdoor space than many direct neighbours. This is a key advantage for gardening, recreation, or future projects like a deck or shed, in a neighbourhood where lots are typically uniform.
5. Where can I find the exact historical sale prices?
The exact sold prices are not published publicly. As noted on the detail page, you can request this information directly via email from the source, SaveOnHouse, who provides it manually without unsolicited marketing.