Property Overview: 92 Frigate Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a well-positioned, early-2000s cabover with an attached garage and a renovated basement. Its key appeal lies in its balance of space, modernity, and location. At 1,521 sq ft of living area, it offers above-average space citywide but feels more modest within the Island Lakes neighbourhood, suggesting a efficient, manageable layout rather than an oversized one. The 2004 build date means it’s newer than most Winnipeg homes, likely featuring modern construction standards without the concerns of much older properties.
The property’s strength is its consistent above-average rankings citywide for size, assessed value, and age. It’s a home that stands out compared to the broader city market but integrates seamlessly into its established, desirable neighbourhood. The renovated basement adds immediate functional living space without the need for a major project.
This home would suit practical buyers looking for a move-in-ready property in a mature community. It’s ideal for small families, professionals, or downsizers who want a newer build with low-maintenance appeal, a finished basement for extra room, and the stability of a sought-after area like Island Lakes. It represents a solid, middle-ground option—not the largest or most expensive on the street, but a comfortable and competitively positioned home.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others in the area?
While its living space is above the Winnipeg average, it is slightly below the average for Frigate Bay and Island Lakes specifically. This indicates a efficient, potentially more manageable home within a neighbourhood of generally larger properties.
2. What does the assessed value tell me about the property?
The assessed value is around average for its immediate street and neighbourhood but places in the top 20% citywide. This suggests a strong valuation foundation compared to the entire city, while being priced consistently within its local market.
3. Is the 2004 build date an advantage?
Yes. The home is newer than approximately 85% of properties in Winnipeg and 85% in Island Lakes. This typically translates to more modern building materials, electrical systems, and layouts, potentially reducing immediate repair needs compared to older stock.
4. What is the lot size like?
At just over 5,300 sq ft, the lot is fairly typical for the area. It’s not among the largest, but it provides standard suburban outdoor space without excessive maintenance demands.
5. Where can I find exact historical sale prices?
The provided sales data shows estimated price ranges. To obtain the precise sale prices from 2016 and 2020, you can request them via email from the listing source, which provides this detail manually.