Property Overview
This home at 6 Frigate Bay in Winnipeg’s Island Lakes neighbourhood presents a well-maintained, above-average offering in a mature and established area. Built in 2004, it features 1,850 sqft of living space, a renovated basement, and an attached garage on a standard-sized lot. The key appeal lies in its proven, move-in-ready condition and its strong standing relative to peers. Data shows it consistently ranks above average for size, value, and age when compared to similar homes in Island Lakes and across Winnipeg, suggesting a solid, competitive asset in its class. It’s not the largest or newest on the block, but it represents a reliable and quality-built choice.
This property would suit practical buyers looking for a comfortable family home in a sought-after community without the unknowns of an older build or a brand-new development. It’s ideal for those who value space (particularly with the finished basement), neighbourhood amenities, and a home that has been cared for over its two-decade lifespan. It may also attract value-conscious buyers who appreciate the transparency of its above-average assessed value and living area metrics, indicating a sound investment relative to the local market.
Frequently Asked Questions
How does this home truly compare to others on the street?
The data indicates it is very much in line with the character of Frigate Bay. Its living space and year built are near the street average, while its assessed value is slightly above average. This suggests a home that is typical for the well-kept street but may have features or updates that contribute to a higher valuation.
What does "renovated basement" typically mean for a 2004 home?
In this context, it most likely means the originally unfinished basement was later finished into living space. Given the home's age, this renovation probably occurred in the last 5-15 years, adding valuable square footage for recreation, guests, or a home office.
Is the assessed value a reliable indicator of the selling price?
The assessed value (55.80k) is for municipal tax purposes and is not a market appraisal. Notably, the last recorded sale was in 2017 for a range between 40.50k and 43.50k. The current assessed value being higher reflects market changes and improvements over the last seven years, but the final sale price will be determined by current market conditions.
What are the less obvious benefits of a home built in 2004?
Homes from this era often benefit from modern building codes and materials of the early 2000s, while any major initial "newness" issues have likely been resolved. They also typically feature more contemporary room layouts and wiring for technology compared to older stock, but may still have original major components (like the roof or HVAC) that could be nearing their serviceable lifespan.
How does the lot size impact living here?
At just over 5,300 sqft, the lot is slightly smaller than the area average but is very standard for the neighbourhood. This often translates to less yard maintenance while still providing private outdoor space—a balanced trade-off for many buyers.