Property Overview: 95 De La Seigneurie Boulevard, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes presents a compelling mix of space, location, and value. Its primary appeal lies in its generous proportions, both indoors and out. With over 2,000 square feet of living space, the home ranks in the top 3% for size on its own street and the top 10% city-wide, offering significantly more room than typical comparables. This is complemented by a large, above-average lot of nearly 6,700 square feet, providing ample private outdoor space.
While the home was built in 1988, it features a renovated basement, adding modern functionality. The assessed value positions it as an above-average offering within its immediate area, suggesting a solid value proposition for the amount of space provided. The appeal is for buyers who prioritize room to grow over a brand-new build—those looking for a established home in a mature, family-friendly neighbourhood like Island Lakes, where they can get more square footage for their budget. It would suit a growing family needing multiple living areas, someone who values a sizable yard, or a buyer planning to further update a sound, spacious property over time.
Frequently Asked Questions
1. How does the age of the home (1988) impact its value?
While newer than the Winnipeg average, the home is older than most on its street. This is likely reflected in its assessed value, which is above-average but not at the top tier. The appeal here is that the older construction date allows for a larger home and lot at this price point, with the renovated basement addressing a key modern expectation.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is a starting point for municipal tax purposes, not a market appraisal. Given that the home’s size ranks significantly higher than its value ranking, it may present an opportunity, but the final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand.
3. What does the "top percentage" ranking actually mean?
These rankings compare this specific property against groups of similar homes. For example, ranking in the "Top 3%" for living area on its street means 97% of comparable homes on De La Seigneurie Boulevard are smaller. It’s a relative measure of how this home stacks up in key metrics against its peers.
4. The last sold price range shows a significant increase. What should I consider?
The sold price data from late 2022 shows a range. The increase since then would be influenced by broader market trends, the basement renovation, and any other updates. It’s essential to research recent sales of similar-sized homes in Island Lakes for a true current market comparison.
5. What are the less obvious factors to consider with this property?
Consider the trade-off: you are acquiring space and land that outperform most of the market, but in an older home. Budgeting for ongoing maintenance and potential updates (like windows, roof, or mechanical systems common for a late-80s build) is a prudent step. Additionally, the large lot is a major asset, but also requires more time or cost for upkeep.