Property Overview

This 1998 bi-level home at 64 Causeway Bay in Winnipeg's Island Lakes neighbourhood presents a specific value proposition. With 1,259 sqft of living space and a renovated basement, its interior size is modest for the immediate street and area, but it sits on a notably large 7,108 sqft lot. The attached garage and the home's assessed value, which is strong citywide, round out the key features. Its appeal is rooted in a desirable, established neighbourhood, offering a balance between a manageable house and generous outdoor space.

Key Characteristics & Ideal Buyer

The primary draw here is the land. The lot size is well above average for both Causeway Bay and the wider Island Lakes area, offering significant private outdoor space—a rarity in many modern subdivisions. This makes the property ideal for buyers who prioritize a large yard for gardening, recreation, or future expansion over a sprawling interior floor plan. The renovated basement adds functional living space, compensating for the main floor's cozier footprint.

This home would suit first-time buyers or downsizers seeking entry into a mature, family-friendly neighbourhood like Island Lakes without the premium often attached to larger houses on the same street. It’s a practical choice for those comfortable with a home that offers "good bones," outdoor potential, and a solid citywide assessment, but who are not seeking the largest home on the block. A thoughtful perspective is that this property represents an opportunity to own land in a prime area, where the value may be more tied to the lot than the structure itself.

Frequently Asked Questions

1. Is the living space too small for a family?
While below the average for Island Lakes, the 1,259 sqft layout combined with a renovated basement provides functional space. It may suit a young family or those comfortable with efficient use of space better than a large, multi-generational one.

2. What does the assessed value tell us?
The assessment is above average citywide but around average for Island Lakes. This suggests the property is valued consistently within its sought-after neighbourhood, which can be a stable foundation for market value.

3. How does the large lot impact maintenance and value?
The 7,108 sqft lot offers excellent private space but also entails more yard work. From a value perspective, lot size is a permanent, premium feature in established neighbourhoods and is often a key driver of long-term appreciation.

4. What is the significance of the home being a bi-level?
Bi-levels typically offer good separation of living and sleeping areas, with the basement adding substantial usable space. The renovated basement here is a key asset, effectively increasing the home's liveable area.

5. How does this property compare to others on the street?
The data shows this home has a smaller living area and a lower assessed value than most direct neighbours on Causeway Bay. However, it counters this with one of the largest lots on the street, presenting a different balance of assets.