Property Overview: 80 Surfside Crescent, Island Lakes

Key Characteristics & Appeal

This 1992-built, four-level split home in Island Lakes offers 1,933 sqft of living space on a roughly 6,000 sqft lot. Its key appeal lies in its balanced positioning within the market. The home provides above-average interior space for both the neighborhood and the city, making it a practical choice for growing families or those who value roominess. However, its assessed value is notably below average for its immediate street, which could signal an opportunity for a buyer comfortable with a home that may require updates, as the basement is noted as unrenovated.

The property suits practical buyers looking for established neighborhoods. It’s ideal for someone who prioritizes more square footage over a turn-key condition and sees potential in a home that hasn’t kept pace with the assessed values of its neighbors. The lack of a garage and pool points toward a buyer seeking lower-maintenance outdoor space. A thoughtful perspective is that this home represents a "middle ground" investment—it’s not the newest or most upgraded on the block, but its larger size and older assessment could offer value in a well-regarded area like Island Lakes for the right hands-on buyer.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes on the street?
While the home’s living area is above average, the assessed value ranking suggests it may not have seen the same level of updates or renovations as comparable properties on Surfside Crescent. This can sometimes reflect an older assessment or a home in original condition.

2. What does "basement not renovated" typically mean?
This usually indicates the lower level is in a functional, but basic, state. It likely has finished space for living or storage but lacks modern finishes. This presents both a cost-saving opportunity at purchase and a clear project for future value addition.

3. How does the lack of a garage affect daily living and value?
For many buyers in Winnipeg, a garage is a significant convenience for winter vehicle protection and storage. Its absence may be reflected in the value and will require reliance on driveway parking and alternative storage solutions.

4. The home last sold in 2020. What does that recent sale history indicate?
A sale within the last five years suggests the current market price will be closely influenced by that recent transaction and the subsequent changes in the market, rather than by long-term appreciation. It’s a key data point for understanding the seller’s potential equity position.

5. Is the living space efficiently laid out in a four-level split?
Four-level splits offer good separation of living and sleeping areas, often with a distinct entry-level family room. However, the layout involves multiple short flights of stairs, which is worth considering for accessibility or family dynamics compared to a two-storey or bungalow design.