Property Overview

This two-storey home at 27 Causeway Bay in Winnipeg's Island Lakes neighbourhood presents a solid, spacious family option. Built in 1998, its key characteristic is its generous 1,954 sqft of living space, which places it well above average for the street, neighbourhood, and city overall. The property sits on a standard lot for the area and includes an attached garage. Notably, the basement exists but is noted as not renovated, presenting a blank canvas for future expansion. Its assessed value is typical for Island Lakes but ranks above average citywide, suggesting good value within a desirable suburban context.

The appeal lies in its established, family-friendly location and the significant living space you get relative to many other homes in Winnipeg. It suits buyers looking for a move-in ready home with room to grow, who may also see potential in personalizing or eventually finishing the basement to add further value. A thoughtful perspective is that while the home isn't new, its above-average size for the city means you're acquiring more usable space for your dollar in a mature neighbourhood, avoiding the premium often attached to brand-new builds.

Frequently Asked Questions

1. How does the size of this home compare to others?
At 1,954 sqft, the living area is notably larger than most. It ranks in the top 15% within Island Lakes and the top 12% citywide, meaning it offers more interior space than the vast majority of comparable Winnipeg homes.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is a municipal tool for calculating property taxes, not a market appraisal. While it provides a benchmark, the actual selling price is determined by current market conditions. This home's assessed value is average for its immediate area but above the city average, reflecting its desirable location and larger footprint.

3. What does "basement not renovated" imply?
It indicates the basement is in a basic, unfinished, or partly finished state from when the home was built. It has utility but lacks the finished rooms and amenities of a renovated space. This represents both a cost-saving on the purchase price and a future opportunity to customize and add value according to your own needs and budget.

4. What are the pros and cons of a 1998 build?
Pros include construction from a period with modern standards, within an established neighbourhood where any major initial settling or issues is likely resolved. A potential con is that original components (like the roof, HVAC, or windows) may be nearing the end of their typical lifespan and could require inspection or planned updates.

5. How does the lot size compare?
The 5,854 sqft lot is very typical for Causeway Bay and the Island Lakes area. It is not exceptionally large or small for this neighbourhood, offering standard suburban yard space.