Property Overview
6 Waterfront Road is a well-established, single-storey home in Winnipeg's Island Lakes neighbourhood. Built in 1986, it sits on a generous 6,533 sqft lot, which is notably above average for both the neighbourhood and the city. The home itself, at 1,255 sqft of living space, is more compact than many others on its street and in Island Lakes, but is close to the city-wide average. It features an attached garage and a basement that is present but not renovated. The property’s assessed value is below average for its immediate area, yet aligns more closely with broader city benchmarks.
Key Characteristics & Appeal
The primary appeal of this property lies in its land and location. The lot size is a significant asset, offering ample outdoor space that is increasingly rare, particularly in a mature, sought-after neighbourhood like Island Lakes. This presents an opportunity for gardening, expansion, or simply enjoying a larger yard. The home itself is a practical, no-frills bungalow, suggesting a lower maintenance footprint compared to larger two-storeys. Its below-average assessment for the street could indicate a more accessible entry point into the area.
This home would suit a first-time buyer or downsizer seeking a manageable property in a prime location without the premium price tag of a fully updated or larger home. It’s also a potential candidate for a long-term holder willing to live with the existing floorplan while benefiting from the land value, or for someone with a vision to renovate or expand over time. The unrenovated basement represents both a current limitation and future potential.
Frequently Asked Questions
1. Is this a good value for the Island Lakes area?
Based on the data, the assessed value is below the neighbourhood average, which often correlates with the home's smaller size and lack of renovation. You may be paying more for the land and location than for the house itself, which can represent value for the right buyer.
2. How does the living space compare to nearby homes?
At 1,255 sqft, the living area is notably smaller than the average home on Waterfront Road (~1,627 sqft) and in Island Lakes overall. This is the trade-off for the larger lot and neighbourhood amenities.
3. What does "basement not renovated" typically mean?
This usually indicates the basement is unfinished or in a very basic, original state. It likely requires significant work to become a comfortable living space but offers a blank canvas for customization.
4. The sold price history shows a range from $315k-$345k in 2019. Why is that?
Public records often show approximate sale price ranges. For the exact historical sale price, you need to request it directly from the listing service, as noted on the detail page.
5. The lot is large, but is the home expandable?
The generous lot size does create potential for an addition or significant renovation, subject to local zoning bylaws and building codes. A compact home on a large lot is often seen as having "infill" or expansion potential.