Property Overview & Key Characteristics
This well-situated home at 63 Arpin Bay in Winnipeg's Island Lakes neighbourhood presents a solid, above-average offering. Its primary appeal lies in a combination of desirable location metrics and a renovated basement, offering move-in-ready space. At 1,675 sqft, the living area is comfortably above the city-wide average, providing ample room for a family. The standout feature is its Assessed Value, which ranks in the elite top 4% on its own street and above average both in the neighbourhood and city-wide, suggesting a property that holds strong value relative to its peers. The home was built in 2001, making it newer than most in Winnipeg, and sits on a lot that is above average for the immediate bay.
This property would suit practical buyers looking for a established, family-friendly community without sacrificing modern updates. It's ideal for those who value a renovated basement for extra living space, a strong value proposition for the area, and a home that is newer than the typical Winnipeg stock. It may particularly appeal to value-conscious purchasers who analyze comparative market data, as the numbers here tell a positive story.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking actually mean?
It means that, compared to the 47 homes on Arpin Bay, this property's official assessed value is in the top 4% (ranked 2nd). This typically indicates the municipality views it as one of the more valuable properties on the street, which can be a positive signal for overall worth and potential equity.
2. Is the living space considered large for the area?
At 1,675 sqft, it is slightly above the average for both Arpin Bay and the broader Island Lakes neighbourhood. It is, however, notably larger than the Winnipeg city-wide average, offering more space than most homes across the city.
3. The home sold in late 2023. Why is the exact price not listed?
Exact sale prices in Manitoba are not publicly accessible data. The range provided (55.50k ~ 58.50k) is an estimate based on available public records. The listing service offers to provide the verified price directly via email to ensure accuracy for serious inquiries.
4. How does the lot size compare?
The lot of 5,527 sqft is above average for Arpin Bay itself. However, within the larger Island Lakes neighbourhood and city-wide, it is around the median size. This suggests the property benefits from a better-than-average yard for its immediate location.
5. What is implied by the home being "newer than average" in the city?
Built in 2001, this home is 25 years old. While that is around average for its street, it is significantly newer than the typical Winnipeg home (city-wide average year built is 1966). This can suggest potentially fewer major age-related maintenance concerns compared to much of the city's housing stock.