Property Overview: 23 Coral Reef Cove, Island Lakes, Winnipeg

Key Characteristics & Appeal

This well-situated one-storey home in Island Lakes offers a practical layout with 1,474 sqft of living space and a renovated basement. Built in 1998, it represents a mature home in a settled neighbourhood. The attached garage and a generous 6,027 sqft lot provide functional space for vehicles, storage, and outdoor activities.

The appeal lies in its balance and established context. While the living area is modest compared to some larger homes on its own street, it stands above the Winnipeg city-wide average, offering comfortable space without excessive upkeep. Its assessed value is notably strong for both the Island Lakes area and the broader city, suggesting a history of solid value retention. This isn't the largest or newest home on the block, but it presents as a conscientious, maintained property in a desirable location. It would suit first-time buyers seeking a move-in-ready home in a family-friendly area, or downsizers looking for single-level living with a finished basement for family visits or hobbies. It’s a choice for those who value neighbourhood character and proven stability over sheer size or brand-new construction.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,474 sqft, the living area is below the current average for Coral Reef Cove and the Island Lakes neighbourhood. However, it is comfortably above the average for the entire City of Winnipeg, indicating it offers a practical amount of space in a popular area.

2. What does the assessed value tell me about this property?
The assessed value is above average for both Island Lakes and city-wide comparisons. This typically indicates the property has been maintained well and is situated in a stable or appreciating area, which is a positive sign for long-term value.

3. Is the lot size typical for the area?
The 6,027 sqft lot is around the average for the street, neighbourhood, and city. It provides a standard suburban yard space—not exceptionally large, but certainly functional for gardening, play, or relaxation.

4. The home was built in 1998. What should I consider?
A 28-year-old home is in a mature stage. Major systems like the roof, furnace, or windows may be nearing or have undergone replacement. A thorough inspection is recommended to understand the condition and remaining lifespan of these components, which is a typical consideration for homes of this era.

5. Why are sold prices shown as a range?
To ensure accuracy and privacy, exact sold prices are handled directly. The ranges provided are based on public data. You can request the precise historical sale figures via email, which will be provided without obligation.