Property Overview: 44 Mckall Bay, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Island Lakes offers a practical and comfortable living arrangement. Its key characteristics include 1,150 sqft of living space, a renovated basement, an attached garage, and a standard 5,707 sqft lot. Built in 1994, the home is newer than most in Winnipeg, which can be appealing for maintenance and systems.

The primary appeal lies in its balance and location. While the living space is modest for the immediate neighborhood, it presents an opportunity for value within the desirable Island Lakes community, known for its lakes and pathways. The renovated basement adds functional space. Its assessed value of $440k is notably above the citywide average, suggesting strong perceived value for the lot and area, yet it sits below average for Island Lakes itself. This creates a potential "sweet spot"—offering access to the amenities of a sought-after suburb at a point that may be more accessible than larger homes on the street.

This property would suit first-time buyers or downsizers seeking single-level living in a mature, amenity-rich suburb without the premium for a larger footprint. It’s also a sensible fit for pragmatic buyers who value a move-in-ready basement and a newer build year over having the biggest house on the block.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others in the area?
At 1,150 sqft, the living area is below the average for both Mckall Bay and the wider Island Lakes neighborhood. This is reflected in its pricing position, making it one of the more compact options in the community.

2. Why is the assessed value higher than the city average if the house is smaller?
The $440k assessment is driven significantly by the lot value and the desirability of the Island Lakes area. It indicates that land in this suburb commands a premium, and the property is valued more for its location and newer build year than for its square footage alone.

3. What does the sold price history from 2017 indicate?
The home sold for an estimated $36.5k - $39.5k in late 2017. This historical data shows a significant increase in assessed value since that time, highlighting the market appreciation in the area over the past several years.

4. Is the renovated basement included in the living area square footage?
Typically, below-grade space (like a basement) is not counted in the official living area (sqft) of a home, even if it is finished. The 1,150 sqft likely refers to the above-grade area, with the renovation adding valuable bonus space.

5. How does the build year of 1994 compare to other Winnipeg homes?
A 1994 build is considered newer than roughly 80% of homes across Winnipeg. This is a relative advantage, potentially meaning fewer concerns with outdated major components compared to the city's older housing stock.