Property Overview: 117 Wayfarer's Haven, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 117 Wayfarer's Haven is a well-situated, mid-sized property built in 2001. With 1,609 sqft of living space, it offers a comfortable footprint that is above average for Winnipeg overall but typical for the established Island Lakes neighborhood. A key feature is its renovated basement, adding valuable finished space. The lot is modest for the area at 4,615 sqft, meaning less yard maintenance but also less private outdoor space compared to some direct neighbors.

The appeal lies in its balance and position within a mature community. Its assessed value consistently ranks above average for both the neighborhood and the city, suggesting it is viewed as a solid asset. The home suits first-time buyers or downsizers looking for a move-in-ready property in a convenient suburban area without the upkeep of a larger lot. It may also attract value-conscious buyers who appreciate a home that performs well on key metrics like age and assessed value relative to the broader market, even if it isn't the largest on its street.

Section 2: Frequently Asked Questions

1. How does the lot size impact this property?
While the land area is smaller than the average for Island Lakes, it translates to less yard work. This can be a positive for those seeking low-maintenance outdoor space, but it's a consideration for buyers wanting extensive gardening or private recreation areas.

2. What does the "above average" assessed value ranking mean?
The home's assessed value ranks in the top 25% in Island Lakes and top 16% citywide. This generally indicates the municipal assessment views the property favorably compared to others, often reflecting the renovated basement and desirable location, which can be a positive signal for overall value.

3. The home sold in 2017 and 2021. What does that history suggest?
The two sales in the last eight years show active market interest. The sold price ranking improved significantly from 2017 to 2021 (from top 59% to top 35% in the area), which may indicate updates were made or market perception improved during that period.

4. Are there any obvious drawbacks from the data?
The home has no garage, which is a consideration for vehicle storage or workshop space. Additionally, while the living space is good, it is slightly below the current average for homes on Wayfarer's Haven itself.

5. Who might this property not suit?
It may not be ideal for buyers seeking a large, private yard or those requiring a garage. Families needing maximum square footage or the newest construction (as it's now 25 years old) might also find more suitable options elsewhere in the neighborhood.