Property Overview
This two-storey home at 72 De Caigny Cove in Winnipeg's Island Lakes neighbourhood presents a compelling opportunity defined by its generous space and established setting. Built in 1993, the home features 2,078 sqft of living area, an attached garage, and a basement that has not been renovated.
The property’s standout characteristic is its exceptionally large lot of nearly 16,000 sqft, which ranks in the top 3% on its own street and the top 1% within Island Lakes. This offers rare potential for expansion, gardening, or private outdoor living in a mature suburban area. While the home itself is above average in size for its locale, its assessed value is also correspondingly higher than many neighbours, suggesting a premium for the land and established footprint.
Its appeal lies in a balance of space and location. It suits buyers looking for a solid family home in a well-regarded neighbourhood who prioritize land size over a move-in-ready, modernized interior. It would particularly attract those with long-term vision—whether that means customizing the existing home over time, enjoying expansive green space, or recognizing the inherent value of one of the largest lots in the area.
Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
The lot is approximately 15,863 sqft, which is more than double the city-wide average lot size of about 6,570 sqft. This is a defining feature of this property.
2. What does it mean that the basement is "not renovated"?
This indicates the basement is in its original, functional state as built in 1993. It is finished and usable as living space but may lack recent updates to flooring, paint, or fixtures, presenting an opportunity for future personalization.
3. Is the assessed value the same as the market value?
No. The assessed value (listed as $59.90k here, but this figure appears to be an abbreviated metric) is for municipal tax purposes. Market value is determined by what a buyer is willing to pay, influenced by recent sales, condition, and current demand. The sold price history shows a range from late 2021.
4. The home is above average in size, but what about its condition relative to its age?
Built in 1993, the home is newer than the Winnipeg average. The listing does not specify recent upgrades, so prospective buyers should plan for due diligence on the roof, windows, HVAC, and other major systems typical of a home over 30 years old.
5. What is the neighbourhood context of Island Lakes?
Island Lakes is a mature, family-oriented neighbourhood in southeast Winnipeg known for parks, waterways, and established amenities. This property sits on a quiet cove, and its metrics show it ranks highly for both living area and land size within this specific community.