Property Overview: 7 Lakeview Cove, Island Lakes
Key Characteristics & Appeal
This 1,403 sqft condo at 7 Lakeview Cove is a standout property in several key areas. Its living space is notably generous, ranking in the top 5% on its own street and above average citywide. The home features a renovated basement, adding valuable finished space. Built in 2001, it is one of the newer homes on Lakeview Cove. From a value perspective, its assessment is strong, placing it in the top 5% citywide compared to similar properties, suggesting a solid underlying asset.
The appeal lies in its combination of space, modern updates, and established location. It suits buyers looking for a move-in ready condo with more room than average, particularly those who value a recent renovation. It would also resonate with value-conscious buyers who appreciate a property with an assessed value that performs well above city norms, indicating a potentially sound long-term investment in a mature neighborhood.
Frequently Asked Questions
1. How does the living space compare to other homes?
At 1,403 sqft, this condo offers more space than most comparable properties in Winnipeg (top 13% citywide) and is the largest among similar homes on Lakeview Cove itself.
2. What does the "Elite" assessed value ranking mean?
The assessment of $45,500 places this property in the top 5% of all similar properties across Winnipeg for its assessed value. This indicates it is valued significantly higher than the citywide average for its type, which often reflects desirable features, condition, or location.
3. Is the sold price history available?
Exact sold prices are not publicly displayed. The listing service provides an estimated sold price range from past transactions (e.g., $32.5k - $35.5k in June 2017) and offers to provide the exact historical sale figures directly via email upon request.
4. How old is the property, and is that typical?
The home was built in 2001, making it 25 years old. It is one of the newest on its street (top 5%) and is around the average age for the broader Island Lakes area and citywide.
5. What are the benchmarks in the comparison charts?
The charts compare the property against three groups: similar homes on the same street, in the wider Island Lakes area, and across all of Winnipeg. The vertical line in each bar represents the median (middle) value for that comparison group, showing how this property measures up.