Property Overview: 8 Brian Monkman Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This well-situated home in Island Lakes offers a practical and comfortable living space with notable strengths in its condition and value. Built in 2004, it is a newer construction compared to most of Winnipeg, requiring less immediate concern for major aging components. The 1,840 sqft living area provides above-average space for the neighbourhood and city, comfortably accommodating family life. A key feature is the renovated basement, adding functional living space. The home’s assessed value consistently ranks above average for its street, neighbourhood, and city-wide, suggesting a solid investment in a desirable area.
The appeal lies in its move-in readiness and prudent positioning within the market. It suits buyers seeking a modern, low-maintenance home in a mature, established neighbourhood like Island Lakes. It’s an ideal match for growing families or professionals who value space and a recent build year over a very large lot, as the property sits on a standard-sized parcel for the street. The attached garage and recent strong sale history add to its practical, family-oriented profile.
Frequently Asked Questions
1. How does the lot size compare?
The land area is approximately 4,328 sqft, which is typical for Brian Monkman Bay but smaller than the average lot in the broader Island Lakes neighbourhood. This often translates to less yard maintenance.
2. What does the "above average" assessed value ranking mean?
The home’s assessed value places it in the top 22% on its own street and top 16% in Island Lakes, indicating it is valued higher than many comparable properties. This can reflect the home’s condition, renovations, and desirability within its immediate area.
3. Is the sold price history available?
Exact sold prices are not publicly listed. The page shows estimated price ranges from previous sales (e.g., July 2024). You can request the precise figures by email, which the service provides manually without marketing spam.
4. What type of neighbourhood is Island Lakes?
Island Lakes is a mature, family-oriented neighbourhood in Winnipeg known for its curvilinear streets, parks, and water features. This property’s location on a "Bay" street is characteristic of the area's layout.
5. The home sold recently in 2024. What should I consider?
A very recent sale suggests the market has recently validated the price. It’s worthwhile to understand why it is back on the market, which could range from a simple change in circumstance to an investor’s quick resale. A thorough inspection is always recommended.