Property Overview: 60 Peres Oblats Drive, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes offers a practical blend of space and location. With 1,728 sqft of living area, it provides above-average roominess for Winnipeg overall, while fitting comfortably within its established neighborhood. A key standout is the generous 7,424 sqft lot, which is notably larger than most on the street and in the area, offering valuable outdoor space and potential. The home’s assessed value is strong for its immediate street, suggesting it is well-regarded relative to its peers.
Its appeal lies in this balance: it’s a spacious, solidly built (1987) home on a sizable lot in a mature, convenient community. The renovated basement adds functional living space. It suits buyers looking for a established neighborhood character without sacrificing indoor and outdoor square footage. It would particularly fit a growing family or someone who values a larger private yard over a brand-new build, and it represents a sensible choice for a buyer who appreciates a home that holds its value well within its local context.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value ranks in the top 13% on its own street, meaning it is valued higher than most direct neighbors. In the broader Island Lakes area, it is around the average mark.
2. Is the lot size a significant feature?
Yes. The land area is a top-tier feature, ranking in the top 9% on the street and top 21% in Island Lakes. This larger-than-average lot is a less obvious but substantial asset for privacy, recreation, or future landscaping projects.
3. The home was built in 1987. Should I be concerned about its age?
While it is one of the older homes on its street, it is actually newer than the average Winnipeg home citywide. This suggests a neighborhood of a similar vintage. A thorough inspection is always recommended to understand the condition of major systems and any updates.
4. What does the sold price history indicate?
The recent sale in May 2024 occurred at a price point that was above average for the street and area, indicating sustained buyer demand for this specific property. Earlier sales show typical market appreciation over time.
5. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout without renovation work, or those wanting a brand-new home with builder warranties. The lack of an attached garage and the home’s age may also not align with everyone’s preferences.