Property Overview: 331 Island Shore Boulevard

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Island Lakes offers a practical and comfortable living space. Its key characteristics include 1,282 sqft of living area, a renovated basement, an attached garage, and a notably above-average lot size of over 5,150 sqft for its immediate street. Built in 1993, the home is of a vintage where major components may be due for updates, but it also benefits from established neighbourhood maturity.

The appeal lies in its balance and location. The property sits in a solid middle range for its area—neither the largest nor the smallest, with an assessed value that is competitive. The generous lot is a standout feature, offering valuable outdoor space for gardening, play, or expansion in a neighbourhood where lot sizes can vary. The renovated basement adds immediate functional living space without the need for a project.

This home would suit first-time buyers or downsizers looking for a manageable single-level layout in a mature, family-friendly community. It’s also a sensible fit for value-conscious buyers who prioritize land size and are comfortable with a home that may require periodic updates consistent with its age.

Section 2: Frequently Asked Questions

1. How does this home compare in size and value to others in Island Lakes?
The home is slightly below the neighbourhood average for living area but has an assessed value that is also below the area average, indicating a potentially good value proposition. Its lot size is very competitive on its own street.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality and functionality of the space.

3. Are there any known issues with homes built in this era (1993)?
While not specific to this house, buyers should be aware that a 33-year-old home may have original components, such as the roof, windows, or major mechanical systems, nearing the end of their typical lifespan. A thorough inspection is advised.

4. Why is the citywide assessed value comparison so different?
The assessed value ranks higher citywide because it’s compared to all Winnipeg homes, including many older, smaller properties in less expensive areas. This highlights that the property represents a relatively solid value within the broader market.

5. How can I find out the exact historical sale price?
The exact sold price is not publicly displayed. As noted on the detail page, you must request it directly via email from the service, which provides the accurate figure manually without using your email for marketing.