Property Overview: 7 Pauline Boutal Crescent, Island Lakes, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1998, offering 1,398 sqft of living space on a 5,001 sqft lot in the established Island Lakes neighbourhood. Its key features include an attached garage and a renovated basement, adding functional living space. The home presents a practical, grounded opportunity.
Its primary appeal lies in its balance and value within a mature, family-friendly community. While its living space and lot size are modest compared to some immediate neighbours, its city-wide assessed value ranking is strong, suggesting it may offer more house for your dollar compared to the broader Winnipeg market. This creates a value proposition for a buyer who prioritizes a comfortable, single-level layout in a desirable area over having the largest property on the street.
This home would suit first-time buyers or downsizers seeking the convenience of a bungalow with modernized finishes. It’s ideal for those who value the established trees and quiet crescents of Island Lakes and are comfortable with a property that is average or slightly below average in its immediate micro-area but stands out favourably in a city-wide comparison.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
City-wide data shows this home’s assessed value ranks in the top 28%, meaning it is above average compared to similar homes across Winnipeg. This contrasts with its ranking within Island Lakes, where it is more moderately positioned.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or your agent to understand if it’s a finished recreational space, includes additional bedrooms, or has updated mechanical systems.
3. Is the lot size a limitation?
At just over 5,000 sqft, the lot is smaller than many on the same street. This may mean a more manageable yard with less maintenance, but could limit options for large additions, pools, or extensive outdoor entertaining spaces.
4. What is the significance of the sold price history shown?
The home sold previously in 2016 and 2021. The listed price ranges indicate market appreciation over that period. For exact historical sold prices, you must request the information directly from the listing service via the provided email button.
5. Are there any obvious concerns with a home built in 1998?
A home of this age is likely past its major warranty periods but before many components reach end-of-life. It represents a period of modern construction standards. A thorough inspection would be wise to assess the current condition of the roof, windows, HVAC system, and any original appliances.