Property Overview: 102 Ebb Tide Drive, Island Lakes

Section 1: Key Characteristics & Appeal

This two-storey home in Island Lakes presents a compelling blend of established comfort and modern updates. Built in 2005, it sits on a generous 4,545 sqft lot and offers nearly 2,000 sqft of living space. A key feature is its renovated basement, adding valuable finished square footage. The home ranks highly for its newer build year and above-average living area compared to most of Winnipeg, suggesting a well-sized property in a mature neighbourhood.

Its appeal lies in its balance. It’s not the newest nor the largest home on the market, but it offers solid fundamentals: a desirable lot size, recent renovations, and an attached garage. The data indicates it’s a property that has been maintained and improved. It would suit practical buyers looking for a move-in ready family home in a settled community, who value space and updates over a brand-new build. It’s also a sensible option for those who appreciate a home that ranks well in its immediate area for size and age, offering a sense of relative value within the street and neighbourhood.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The current assessed value is $51,600. It’s important to note that this is for municipal tax purposes and is typically lower than market value. The home last sold in February 2022 for $41,500, but market conditions have changed since then. The selling price will be determined by current market demand, the quality of the renovations, and recent comparable sales.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A prospective buyer should inquire about the scope of work, when it was completed, whether permits were pulled, and the nature of the finished space (e.g., recreational room, bedroom, bathroom).

3. The home is noted as "newer" compared to the street and area. Why is that significant?
Built in 2005, this home is newer than 97% of homes on its street and 90% in Island Lakes. This often means more modern construction standards, potentially fewer major maintenance issues in the near term (like roof or window replacement), and interior layouts that suit contemporary living better than many older homes in the area.

4. How does this property compare to the nearby "worth viewing" listings?
The provided comparable listings, like those in Fraipont, are newer (2017-2021) and some are larger, but they also have significantly higher assessed values. This highlights a trade-off: 102 Ebb Tide Drive offers an older but still relatively modern home at a presumably more accessible price point, in the long-established Island Lakes community.

5. The lot is large, but how is the property's overall size ranking?
While the 4,545 sqft lot size ranks in the top 62% on its street, the living area (1,963 sqft) ranks even higher (top 87% on the street). This suggests the house makes very good use of its lot, offering more interior space than many neighbours, which is a efficient use of the property.