Property Overview: 78 Henry Dormer Drive, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained one-storey home in the established Island Lakes neighbourhood offers practical, single-level living. Its key characteristic is a renovated basement, adding valuable finished space to the 1,247 sqft footprint. Built in 2003, the home is newer than most in Winnipeg, suggesting modern construction standards and potentially lower immediate maintenance needs compared to older stock.

The appeal lies in its balance. While the living space and lot size are modest for the immediate street and area, this translates to a more manageable property for upkeep. The attached garage is a practical asset for Winnipeg winters. Notably, the home’s assessed value is strong city-wide, indicating a solid valuation foundation relative to the broader market. It suits first-time buyers seeking a move-in-ready home with a modern baseline, downsizers looking for a manageable single-level layout without sacrificing a full basement, or pragmatic investors attracted by its modern age and renovated lower level in a stable neighbourhood.

A less obvious perspective is its positioning within its own micro-market. On Henry Dormer Drive, it ranks as one of the newest homes, which could be a unique selling point on that specific street. However, buyers should be aware that both the house and lot are on the smaller side within the desirable Island Lakes community itself.

Section 2: Frequently Asked Questions

1. Is this a good value for the Island Lakes area?
The data suggests a mixed picture. The home’s assessed value is below the average for Island Lakes, which could indicate a relative value opportunity. However, this is likely reflected in its smaller-than-average square footage and lot size for the neighbourhood.

2. What does “renovated basement” typically mean here?
While specifics would require a viewing or disclosure, in a 2003 home this usually indicates the basement has been professionally finished into livable space (e.g., rec room, bedrooms, bathroom) post-construction, adding functional space beyond the original build.

3. How does the lot size affect the property?
At 4,236 sqft, the lot is smaller than most in Island Lakes. This means lower yard maintenance, but also less private outdoor space. It’s a trade-off that appeals to those prioritizing ease of care over extensive gardening or recreation space.

4. Why is the city-wide assessed value ranking so much stronger than the local ranking?
This highlights the desirability of the Island Lakes area overall. Homes here are assessed at a premium compared to the Winnipeg average. So, while this property is on the lower end for Island Lakes, it still holds a strong position city-wide due to its location.

5. Where can I find the exact historical sale price?
The listed sale price ranges are estimates from public data. The seller or listing agent can provide exact figures. Third-party sites like SaveOnHouse also offer to provide the exact sold price history via a manual email request, as noted in the property details.