Property Overview: 78 Nordstrom Drive, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a well-maintained, modern bungalow built in 2007, offering a renovated basement and an attached garage. Its key appeal lies in its balance of contemporary age and manageable size. At 1,490 sqft of living space, it is notably smaller than most homes on its street and in the Island Lakes area, which translates to less upkeep and lower utility costs—a practical advantage for those seeking efficiency. The assessed value is strong citywide (ranking in the top 20%), suggesting good municipal valuation relative to Winnipeg overall, though it is more average within its own desirable neighbourhood.
The property would suit first-time buyers or downsizers looking for a modern, single-level living option in a mature, established community without the maintenance of a larger, older home. Its smaller lot size (4,637 sqft) means less yard work, appealing to those who prefer low-maintenance outdoor spaces or who prioritize indoor living space and community amenities over extensive gardening.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to its neighbours?
The living area is below the average for Nordstrom Drive and Island Lakes. This means the home is more compact and efficient than many in the immediate area, which can be a benefit for cost-conscious buyers.
2. The assessed value seems high for the size. Why?
While the assessed value is below average on its own street, it ranks in the top 20% citywide. This indicates that the combination of its modern build year (2007), renovated basement, and desirable Island Lakes location carries significant value across the broader Winnipeg market.
3. What does the sale history indicate?
The home sold in 2021 and again in 2022. The price increased notably between those sales, reflecting the strong market of that period. This history shows the property has been in demand in the recent past.
4. Is the lot size a disadvantage?
The land area is smaller than most in Island Lakes. This limits expansive outdoor possibilities but reduces maintenance responsibilities. It’s a trade-off that aligns with a low-maintenance lifestyle.
5. How modern is this home compared to Winnipeg overall?
With a 2007 build year, it ranks as newer than 87% of homes citywide. In Island Lakes, it’s in the top 2% for year built, making it one of the newest homes available in this neighbourhood.