Property Overview: 8 Lagace Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Island Lakes offers a practical and comfortable living space. Its key characteristics include 1,175 sqft of living area, a renovated basement, an attached garage, and a generous 7,073 sqft lot. Built in 1993, it is one of the newer homes on its street. The appeal lies in its balance: it's a manageable size for maintenance while sitting on a larger-than-average lot for the neighbourhood, offering good outdoor space. The renovated basement adds valuable finished living area.
The home would suit first-time buyers or downsizers seeking a single-level layout in a mature, established community. Its assessed value is strong citywide, suggesting good value retention. A thoughtful perspective is that while the living space is modest for the immediate area, this can mean lower utility costs and less upkeep, allowing owners to enjoy the substantial yard and community amenities. It represents a solid entry point into a desirable neighbourhood known for its lakes and pathways.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
While the living area is below the average for Island Lakes, it is very close to the average for all of Winnipeg. The lot size, however, is significantly larger than both neighbourhood and city averages, which is a notable feature.
2. What does the "above average" citywide assessed value indicate?
This suggests that, compared to all Winnipeg homes, this property holds a relatively high assessed value percentile. It can indicate good value retention and a solid investment relative to the broader market.
3. The home sold in 2016 for a much lower price. Is the current price justified?
The 2016 sale price is historical data and may not reflect significant updates (like the basement renovation) or overall market shifts over nearly a decade. Current value is better gauged by recent comparable sales and the assessed value.
4. Who would this property not be ideal for?
It may not suit buyers who prioritize expansive interior square footage over yard space or those needing multiple large bedrooms, as the one-storey footprint can limit room sizes.
5. How can I get the exact historical sale price?
The exact sold price is not published publicly. You can request it directly via the email prompt on the listing page; the service provides the accurate figure manually at no cost and without marketing spam.