Property Overview: 565 Island Shore Boulevard, Island Lakes
Key Characteristics & Appeal
This well-situated one-storey home in Island Lakes offers a practical and comfortable living layout. With 1,219 sqft of living space, it sits around the average size for its immediate street and the wider city, providing a manageable footprint. Its standout feature is the generous 6,132 sqft lot, which is notably larger than most on Island Shore Boulevard and above the city average, offering excellent outdoor potential. Built in 2003, it is a newer construction compared to most homes in the neighborhood and significantly newer than the Winnipeg average, suggesting modern building standards and potentially lower immediate maintenance needs. The home has an attached garage and a basement that is present but not renovated, presenting a blank canvas for future expansion.
The appeal lies in this balance of a modern, single-level home on a sizable lot in an established neighborhood. It suits first-time buyers or downsizers looking for a low-maintenance, accessible layout without sacrificing yard space. It’s also a sensible fit for value-conscious buyers who appreciate a home that is newer than its peers, potentially reducing surprise repair costs, and who see the unfinished basement as an opportunity to add value according to their own taste and timeline.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is below the average for the Island Lakes neighborhood but around average for its specific street. This can indicate a potentially more accessible entry point into the area while still being in line with the immediate surroundings.
2. What is the significance of the lot size?
At over 6,000 sqft, the lot is a key asset. It is larger than most on the same block, providing more privacy, room for gardening, play areas, or future additions like a deck or shed, which is less common for homes of this vintage in this community.
3. The basement is noted as "not renovated." What does that mean?
This indicates the basement is unfinished or in its original state. While it offers storage and future living space potential, any development would be at the new owner's expense. It’s important to have it inspected for moisture and foundational integrity.
4. The home was last sold in 2016. Should I be concerned?
Not necessarily. A longer tenure by the previous owners can be a positive sign of a stable, well-maintained property and a desirable street. It’s more important to focus on the current condition of the home.
5. Is the living space sufficient for a growing family?
At just over 1,200 sqft on one level, the living space is efficient but not expansive. It would comfortably suit a small family, a couple, or someone downsizing. The large lot and unfinished basement provide clear avenues for future growth, but the main-floor footprint is fixed.