Property Overview: 91 Captains Way, Island Lakes

Key Characteristics & Appeal

This well-maintained 2005-built home in the established Island Lakes neighbourhood offers a practical, move-in-ready footprint. Its 1,560 sqft of living space is comfortably sized, ranking above average for Winnipeg overall but fitting seamlessly within its local street and community context. A key feature is the renovated basement, adding valuable finished space. The home presents a compelling value proposition: its assessed value sits above average for both Island Lakes and the wider city, suggesting it is a financially sound asset in its market tier.

The appeal lies in its balance and positioning. It’s a newer construction compared to many city homes, yet it’s nestled in a mature neighbourhood with settled greenery and amenities. The lot is smaller than others on the street and in Island Lakes, which translates to less yard maintenance—a perk for some buyers. It would suit first-time buyers or downsizers seeking a modern, low-maintenance home without sacrificing community feel, or investors attracted by its strong assessed value relative to similar properties. It’s for those who prioritize a renovated, efficient living space over a large yard.

Frequently Asked Questions

1. How does the lot size impact the property?
While the land area is smaller than many lots in Island Lakes, this typically means less time and cost spent on yard upkeep. It positions the property as a more manageable, low-maintenance option within the neighbourhood.

2. What does the above-average assessed value indicate?
An assessed value that ranks above average for the neighbourhood and city often reflects the home’s condition, updates (like the renovated basement), and desirability of its specific location. It can indicate good value retention relative to the market.

3. Is the living space considered large for the area?
At 1,560 sqft, the living area is very close to the neighbourhood average. It offers ample space for a small family or couple while remaining efficient and cost-effective to heat and maintain.

4. What are the benefits of a 2005 build in this area?
Built in 2005, this home is newer than most in Winnipeg and even in the relatively modern Island Lakes community. This suggests more contemporary building standards, potentially fewer major repairs in the near term, and modern layouts.

5. How does this home compare to others on Captains Way?
On its own street, this home is on a smaller lot but is newer than most and has a slightly above-average assessed value. It represents a more modern and efficiently packaged option compared to some of its neighbours.