Key Characteristics & Buyer Profile

This 1,683 sq ft home at 108 Brian Monkman Bay in Island Lakes is a well-positioned property built in 2004. Its most distinctive trait is being among the newest homes on its street—ranking 3rd out of 50 (top 6%)—while also offering a notably larger-than-average lot at 6,424 sq ft, putting it in the top 18% for land on the block. The assessed value sits at $532,000, slightly above the street average but well above the citywide norm, reflecting both its condition and location.

The appeal here is about balance rather than standout luxury. It’s not the biggest home in the neighbourhood, but it avoids feeling cramped, especially when compared to older, smaller housing stock citywide. The land gives a practical advantage—more outdoor space than many nearby properties—without being oversized or difficult to maintain. The construction year also means the home is newer than the vast majority of Winnipeg listings, likely requiring fewer major updates than a mid-1960s build.

This property would suit buyers who want a move-in-ready home in an established suburban area, with a preference for newer construction and a fair-sized yard. It’s less suited to someone seeking maximum square footage for the price or ultra-modern finishes; instead, it fits those who value relative newness, a solid lot, and a location that holds its value in a desirable community.

Frequently Asked Questions

1. How does this home compare to others in Island Lakes specifically?
The living area is close to the community average of 1,635 sq ft (ranking 44th percentile), but the land size is slightly above the local average. The assessed value is higher than about 77% of homes in Island Lakes, suggesting it’s on the pricier end for the area but still within a common range.

2. Is the assessed value a reliable indicator of market price?
Assessed values are used for property tax calculations and lag behind market conditions. While this property’s assessment is above average locally and citywide, current sale prices often vary. It’s best treated as a baseline, not a firm price tag.

3. What does the “average year built 2004” on the street mean?
It means the median construction year on Brian Monkman Bay is 2004, and this home was built that same year. Since it ranks 3rd on the street, most nearby homes are either similar vintage or slightly older, but none are drastically newer.

4. How does the lot size affect daily use and maintenance?
At 6,424 sq ft, the lot is larger than about 82% of properties on the same street. That gives you a decent backyard without approaching acreage levels. It’s manageable for gardening, kids, or pets, but still requires regular upkeep. It’s not a sprawling property.

5. Would this property be a good fit for someone downsizing?
Generally, no, unless they prefer a newer build with a single manageable floor plan. At 1,683 sq ft, it’s spacious for a couple but not oversized. The land and maintenance demands are moderate, not minimal. A dedicated downsizer might find it larger than needed. It fits families or professionals seeking a balance of space and age.