Property Overview: 7 Lessard Place, Island Lakes, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Island Lakes offers a practical and comfortable living space. Built in 1999, it is one of the newer homes on its street, which can mean fewer immediate concerns with aging major components compared to much of Winnipeg's housing stock. The 1,551 sqft living area is above average for the city, providing ample room, while the renovated basement adds valuable finished space. The attached garage and a standard residential lot round out the core features.
The appeal lies in its balanced, "right-sized" offering within a mature neighbourhood. It’s not the largest or smallest home on the block or in the area, which often translates to stable value and broad appeal. For buyers, its standout characteristic is its strong citywide ranking for both size and assessed value—it sits comfortably above the Winnipeg average, suggesting a solid investment in a desirable format. This property would suit downsizers or first-time buyers seeking a manageable single-level layout without sacrificing space, or practical investors looking for a move-in-ready home in a consistent neighbourhood.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it is consistently average to above-average for Island Lakes. Its living space is typical for the neighbourhood, but its assessed value ranks in the top 38% here, indicating it is viewed favorably relative to area norms.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, room layout, and whether it includes a legal suite or additional bedrooms should be verified with the listing agent or during a viewing.
3. Is the lot size a pro or con?
At 5,303 sqft, the lot is slightly below average for both Island Lakes and Winnipeg. This may appeal to those wanting less yard maintenance, but could be a consideration for buyers dreaming of extensive landscaping, a large deck, or a pool.
4. What is the likely price range based on recent sales?
The home sold in July 2022 for an estimated $555k-$585k. Current market conditions and any further updates will influence today’s value, but this provides a recent benchmark for the property itself.
5. Why does the assessed value seem high relative to the city average?
The assessed value of $504,000 is significantly above the Winnipeg city average of ~$390k. This reflects the combination of its above-average living space, newer age, and its location in a sought-after neighbourhood like Island Lakes, where property values are generally higher.