Property Overview: 59 Peres Oblats Drive, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1988, featuring an attached garage and a renovated basement. With 1,182 sqft of living space on a 5,373 sqft lot, its size is modest for the immediate neighbourhood but aligns closely with the Winnipeg city-wide average. This creates a unique positioning: it offers the established, family-friendly setting of Island Lakes—known for its parks, waterways, and community feel—in a more manageable, low-maintenance package.
The home’s primary appeal lies in its practicality and location. The renovated basement adds functional living space, while the one-storey layout is ideal for empty-nesters, young families, or those seeking accessibility. Its assessed value is below average for Island Lakes, potentially representing a more accessible entry point into this desirable area without the upkeep of a larger property. It would suit first-time buyers looking for a stable community, downsizers wanting to stay in the area, or pragmatic buyers who value location and a renovated foundation over sheer square footage.
A thoughtful perspective: while it ranks below average on its own street for size and value, this can signal an opportunity for buyers priced out of larger homes in the same locale. You’re buying the neighbourhood, its amenities, and its maturity, with a home that requires less effort and resource to maintain.
Section 2: Frequently Asked Questions
1. Is this house significantly smaller than others in Island Lakes?
Yes. The living area is below the average for both Peres Oblats Drive and the wider Island Lakes community, placing it in the top 91% (meaning 91% of area homes are larger). However, it is very close to the city-wide average for Winnipeg.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent, as it could range from updated finishes to the addition of legal bedrooms or a separate suite.
3. How does the assessed value relate to the likely selling price?
The home’s assessed value is $43,300. For context, it last sold in May 2022 for between $38,500 and $41,500. Market conditions, the quality of renovations, and buyer demand will determine the final sale price, but the assessment and recent sale history provide a grounded starting point.
4. Is the lot size a constraint?
At just over 5,300 sqft, the lot is around average for the street and slightly below average for the neighbourhood. It provides standard outdoor space for a home of this era but may not accommodate large additions or extensive landscaping projects as easily as larger lots in the area.
5. Why is the city-wide ranking for the "Year Built" so high?
The home was built in 1988. It ranks "above average" city-wide (top 24%) because, compared to the entire Winnipeg housing stock which includes many older homes (city-wide average year built is 1966), a 1988 build is considered relatively newer.