Property Overview: 80 Brian Monkman Bay, Island Lakes
Key Characteristics & Appeal
This one-storey home in Island Lakes is a study in contrasts, offering a practical and modern living space within a well-established neighbourhood. Built in 2004, it is notably newer than most homes in Winnipeg, providing updated infrastructure and fewer immediate maintenance concerns compared to the city's older housing stock. The home features a renovated basement and an attached garage, with a manageable 1,255 sqft of living space.
Its primary appeal lies in its value proposition and location. While the living area and lot size (4,112 sqft) are modest for the immediate street and Island Lakes area, this translates to less upkeep and lower property taxes relative to many city-wide counterparts. The assessed value is above the Winnipeg average, suggesting solid construction and desirability, yet it remains below the averages for its own neighbourhood and street. This positions the home as a potentially more accessible entry point into the sought-after Island Lakes community.
This property would suit first-time buyers or downsizers seeking a modern, single-level layout with a finished basement for extra space. It’s ideal for those who prioritize a newer build in a mature neighbourhood with amenities, over having the largest house or yard on the block. A thoughtful buyer will see the value in a home that is newer than most in the city, located in a stable area, but without the premium price tag of a larger lot or square footage in the same locale.
Frequently Asked Questions
1. Is this home a good value for the Island Lakes area?
The data suggests it could be. Its assessed value and living space are below the averages for Island Lakes, which may indicate a more competitive asking price compared to larger homes in the neighbourhood, offering a chance to enter this community at a relatively lower point.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand if it’s a legal suite, a recreational space, or additional bedrooms.
3. How does the lot size affect the property?
At just over 4,000 sqft, the yard is smaller than most in Island Lakes. This means less outdoor maintenance but also less private space for gardening, play, or entertaining. It’s a practical trade-off that appeals to some lifestyles.
4. The home sold in early 2022. Why is that history relevant?
The sold price range from 2022 provides a recent benchmark, showing how the market valued the home just a few years ago. This is a crucial data point for understanding current price trends and the home’s potential appreciation.
5. The home ranks very high for its "Year Built" but lower for size and value on its street. What does this mean?
This indicates Brian Monkman Bay is a street of relatively newer, but generally larger and higher-valued, homes. Number 80 is one of the newest on the block but is among the more compact properties, which can be appealing for buyers seeking newer construction without the scale and cost of the street's largest homes.