Property Overview & Key Characteristics
This two-storey home at 7 De Caigny Cove in Winnipeg's Island Lakes neighbourhood presents a specific and value-oriented opportunity. Built in 1993, it is one of the newer homes on its street. With 1,518 sqft of living space and a renovated basement, it offers functional space in a well-established area. The home includes an attached garage and sits on a 6,114 sqft lot.
Its primary appeal lies in its position as a relatively modern home within a mature community, offering a balance of updates and established surroundings. The data suggests a compelling perspective: while its size and assessed value are below average for its immediate street, they are above average when viewed across the entire city. This indicates you may get more home for your budget here compared to many other Winnipeg neighbourhoods, while still being part of a desirable area like Island Lakes.
This property would suit first-time buyers or downsizers looking for a manageable, updated home in a family-friendly neighbourhood without a premium street price. It’s also a practical choice for value-focused buyers who prioritize the community and a renovated basement over having one of the largest homes on the block.
Frequently Asked Questions
Is this one of the smaller homes on the street?
Yes. The living area is below the average for De Caigny Cove, ranking 33rd out of 40 comparable homes. This often translates to a more accessible price point within a sought-after location.
How does its value compare city-wide?
Interestingly, while its assessed value is on the lower end for its own street, it ranks in the top 25% across all of Winnipeg. This highlights the relative value and affordability of the Island Lakes area compared to the broader city market.
What does the sold price history indicate?
The last recorded sale was in August 2024, with a public price range aligning closely with its current assessed value. For the exact sale price, you can request details via email from the listing source.
Is the lot size typical for the area?
The lot is slightly below the street average but is very close to the average for Island Lakes and is actually above the city-wide average. It provides a standard suburban yard for the community.
What is less obvious about this property’s position?
It’s a newer build for the street (top 8%), which can mean fewer major age-related concerns compared to neighbours. However, its below-average metrics for the immediate area suggest it may offer a cost-effective entry point into a cohesive, established crescent.