Property Overview: 162 Nordstrom Drive, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home in Island Lakes offers a practical blend of modern comfort and established neighbourhood living. Its key characteristics include a renovated basement, an attached garage, and a spacious 1,714 sqft living area that feels roomy compared to most Winnipeg homes. Built in 2008, it is a relatively newer property within its immediate area, suggesting modern construction standards and potentially fewer major upkeep concerns in the near term.

The appeal lies in its balanced positioning. It’s not the largest home on the street, but it holds an above-average assessed value for the area, indicating perceived quality and desirability. The renovated basement adds immediate functional space without the need for a project. While the lot size is more compact compared to some neighbours, this often translates to less yard maintenance—a plus for busy professionals or those seeking a lock-and-leave lifestyle.

This property would suit a few key buyer types: growing families looking for move-in-ready space in a mature neighbourhood, professionals wanting a modern home without the premium of a brand-new build, or downsizers seeking a manageable property that still offers ample room for guests or hobbies. It’s a solid choice for someone who values a home that performs well on key metrics (age, living space, value) within a sought-after community, without requiring the upkeep of a massive lot.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others in Island Lakes?
The assessed value is in the top 18% for the Island Lakes area, meaning it is valued higher than most comparable homes nearby. This often reflects factors like the renovated basement, the home’s condition, or its specific location within the community.

2. Is the lot size a disadvantage?
The land area is smaller than many lots in Island Lakes. For buyers who prioritize extensive gardening, outdoor entertaining space, or maximum privacy, this is a consideration. For others, it represents less weekly maintenance and lower landscaping costs, which can be a practical benefit.

3. What does the sold price history indicate?
Public data shows a sale in March 2020 in the $395k-$425k range. It’s important to note that the current assessed value is significantly higher, reflecting market changes and property improvements since that time. For the exact historical sold price, you can request the information via email from the listing source.

4. How does the living space compare to a typical Winnipeg home?
With 1,714 sqft, this home offers above-average living space city-wide (top 20%). It provides more room than the typical Winnipeg home, which averages around 1,342 sqft, making it a spacious option in the broader market.

5. The home was built in 2008. What should I consider?
A 2008 build is relatively new, placing it in the top 1% for age within Island Lakes. This suggests major components like the roof, windows, and HVAC system are likely still in good condition, but they are approaching the age where routine servicing and potential future replacements should be budgeted for.