Property Overview: 585 Island Shore Boulevard, Island Lakes, Winnipeg

Key Characteristics & Appeal

This home is a well-positioned property in the established Island Lakes neighbourhood. Built in 2002, it is notably newer than many homes in Winnipeg, offering modern construction without being brand-new. With 1,566 sqft of living space and a renovated basement, it provides ample room for a family. The attached garage and a standard suburban lot round out the practical features.

Its primary appeal lies in its strong standing within its immediate area. The data shows this home consistently ranks above average for its street and the city in key metrics like living area, assessed value, and year built. This suggests a property that has been maintained well and holds its value relative to peers. It’s not the largest lot in Island Lakes, but it trades some yard space for a more updated home on a desirable street.

This home would suit buyers looking for a move-in ready, low-maintenance property in a mature neighbourhood. It’s ideal for a growing family or professionals who value space and modern amenities but don’t want the uncertainties of an older home. It also appeals to the value-conscious buyer who appreciates a home that performs well in comparative metrics, indicating a sound investment within its community.

Frequently Asked Questions

1. How does the lot size compare to others in Island Lakes?
The land area is 4,929 sqft, which is slightly below the neighbourhood average. This means the yard is functional but may be more compact than some other homes in the area, potentially requiring less maintenance.

2. What does the "above average" assessed value ranking mean?
The assessed value of $49,600 ranks in the top 12% on its own street and top 20% citywide. This generally indicates the city assessor views the property as more valuable than many comparable homes, often reflecting factors like updates, location on the street, and overall condition.

3. The home sold in 2021 and 2017. What can that history tell us?
The published price ranges show appreciation between the 2017 and 2021 sales. This history suggests the home has held its market value well through a recent sale cycle, which can be a positive indicator of stability.

4. Is the renovated basement included in the living area square footage?
Typically in Manitoba, above-grade square footage and finished basement space are reported separately. The 1,566 sqft likely refers to the main and upper floors. The renovated basement adds significant additional usable space but may not be counted in that official living area figure.

5. The home is newer than average for the city. What are the advantages?
A 2002 build means major components like the roof, windows, furnace, and electrical system are likely in good condition and may not require immediate replacement. This can offer several years of predictable maintenance costs compared to a much older home.