Property Overview

This 4-level split home at 122 Smuggler's Cove in Winnipeg's Island Lakes neighbourhood presents a practical and spacious family option. Its key appeal lies in offering above-average space and value relative to much of the city, within a stable, established community.

Key Characteristics & Suitability

The home's 1,673 sqft of living space is comfortably above the Winnipeg average, providing ample room for a growing household. A recently renovated basement adds functional living area. The property sits on a 6,285 sqft lot, which is larger than most in the immediate area and across the city, offering good outdoor potential. While the 1988 build date means it's one of the older homes on its street, this is balanced by its strong assessed value of $470k, which ranks well above average both locally and city-wide. This suggests the property has been maintained well or updated, and is viewed favorably in terms of valuation.

Its appeal is grounded in space and established value. It suits buyers looking for a proven neighbourhood without a premium "new build" price, who prioritize lot size and interior square footage over a brand-new home. It’s a sensible choice for families or long-term owners who appreciate having a renovated basement from the start and see the value in a home that already stands above city averages in key metrics.

Frequently Asked Questions

1. How does this home truly compare to others in Island Lakes?
While its living area is near the neighbourhood average, it stands out for its larger-than-average lot size and its assessed value, which is stronger than many direct peers. This indicates a property that may offer better outdoor space and is assessed at a higher value point within the area.

2. The home was built in 1988. Should I be concerned about major repairs?
As one of the older homes on the street, a thorough inspection is advisable to assess the condition of major aging components like the roof, windows, and heating system. However, its above-average assessed value can sometimes reflect significant updates that have already been made.

3. What does the "4-level split" layout mean for daily living?
This style typically creates distinct living zones across multiple half-levels, which can offer good separation between living, sleeping, and recreational spaces. It can be efficient for separating noise and activity, but may involve more stairs than a standard two-story layout.

4. The last recorded sale was in 2017. Why is that significant?
A sale eight years ago suggests the current sellers have owned the property for a reasonable period, which can sometimes indicate stability and consistent maintenance. It also means the current market price will be primarily driven by recent area sales and the updated assessment, not by a very recent purchase price.

5. How reliable are the provided "rankings" for value?
These rankings are a useful snapshot comparing this home to groups of similar properties. They show that, especially city-wide, this home ranks well for size, lot, and assessed value. However, they are a starting point for comparison and should be combined with a current market appraisal and viewing.