Property Overview: 7 Joyal Place, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-maintained bi-level home built in 1985, featuring a renovated basement and an attached garage. With 1,076 sqft of living space, it offers a practical layout for everyday living. The home’s standout feature is its recent basement renovation, which adds modern, functional space.

Its primary appeal lies in its position as a solid, move-in-ready home in the established Island Lakes neighborhood. The data suggests it represents a value-conscious entry into the area: while its assessed value is below average for Island Lakes, its living space is competitively sized for its specific street. This creates an opportunity for buyers seeking the amenities and community of a mature suburb without the premium price tag of a larger, newer home on the block. The lot, while smaller than others on Joyal Place, is still a good city-wide average, offering manageable outdoor space with less maintenance.

This property would best suit first-time homebuyers, downsizers, or pragmatic investors looking for a turnkey property in a desirable neighborhood. It’s for those who prioritize a modernized interior and location over having the largest house or yard on the street.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to the area?
The home’s assessed value is below the average for both Joyal Place and the wider Island Lakes area. This can indicate a value opportunity, but it’s essential to understand why—factors include the home’s smaller lot size on its street and its bi-level style compared to potentially larger models in the neighborhood.

2. Is the living space sufficient for a family?
At 1,076 sqft, the living area is slightly below the Island Lakes average but is typical for the street itself. The renovated basement effectively expands the usable space. It’s well-suited for a small family, a couple, or an individual who doesn’t require extensive square footage.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Prospective buyers should inquire about the finish quality, the presence of proper permits, whether it includes a secondary suite or legal bedroom, and if any moisture issues were addressed during the renovation.

4. How does the lot size impact the property?
The land area is the smallest among the 13 homes on Joyal Place, which is reflected in its assessment. For buyers, this means less yard maintenance but also less private outdoor space. It’s a trade-off that contributes to the home’s accessibility.

5. Where can I find the exact historical sale prices?
The provided sold price data is a range based on public records. To obtain the exact sale prices from 2016 and 2020, you must request them directly via the email link provided on the listing page. This is a manual process the listing service uses to ensure accuracy.