Property Overview: 124 De La Seigneurie Boulevard, Island Lakes

Key Characteristics & Appeal

This 4-level split home in Island Lakes offers a compelling blend of space and established neighbourhood charm. Its key characteristic is its generous 1,901 sqft of living area, which ranks in the top 9% for its street and top 13% city-wide, providing significantly more room than many comparable homes. The property sits on a well-sized 5,381 sqft lot, which is above average for the street, offering good outdoor space. A renovated basement and an attached garage add to its functional appeal.

The home’s primary appeal lies in its value proposition. While its assessed value is competitive, the living space you receive per dollar is notably high, making it an efficient investment in square footage. It suits buyers looking for a spacious family home in a mature, sought-after neighbourhood like Island Lakes, without the premium price tag of a newer build. It’s particularly well-suited for those who prioritize interior space over a brand-new construction, and who see the value in a home from the late 1980s that has seen updates, like the basement renovation.

A less obvious perspective is the advantage of its established setting. Homes from this era often feature larger individual rooms and more mature landscaping compared to newer infill developments, offering a settled, private feel. The data also suggests that while the home is older than most on its specific street, it is actually newer than the average Winnipeg home, positioning it as a relatively modern property in the wider city context.

Frequently Asked Questions

1. How does the home’s age affect its value and condition?
Built in 1989, the home is older than many on its street but is newer than the typical Winnipeg house. This suggests major components may be original but are not yet at the extreme end of their lifespan. A thorough inspection is recommended to assess the condition of the roof, windows, and mechanical systems, common update points for homes of this vintage.

2. The assessed value seems moderate, but the sold price history shows a range around $41.5k-$44.5k. Why the discrepancy?
The provided sold price range appears to be a data error or placeholder (likely missing a digit, as prices are typically in the hundreds of thousands). The assessed value of $451,000 is a municipal valuation for tax purposes. The actual market value should be determined by a current comparative market analysis with a real estate professional, considering the home’s above-average square footage.

3. What are the benefits of a 4-level split layout?
This style often provides good separation of living spaces, with potential for distinct zones for entertaining, family living, and sleeping. The split levels can create defined, cozy areas but may involve more stairs than a bungalow or two-storey.

4. Is the lot size a pro or con?
At over 5,300 sqft, the lot is a pro for the street, offering more yard space than many neighbours. However, it is slightly smaller than the average lot in the broader Island Lakes area. This is a typical trade-off for a larger living area on the footprint.

5. How does this property compare within Island Lakes?
It offers more living space than 81% of homes in the neighbourhood, ranking in the top 19%. Its assessed value, however, is in the bottom 75% for the area, indicating it may present an opportunity for buyers seeking space in this popular neighbourhood at a relatively accessible price point.