Property Overview: 14 Tidal Cove, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes presents a compelling blend of space, location, and value. Its most standout feature is the exceptionally large lot—approximately 13,900 square feet—which ranks in the top 5% of properties on its own street and the top 3% citywide. This offers rare potential for gardening, expansion, or simply enjoying generous private outdoor space. The house itself, with 1,433 sqft of living space and a renovated basement, is practically sized for family living. Built in 1990, it is notably newer than most homes on Tidal Cove and above the citywide average for age, suggesting potentially fewer major upkeep concerns in the near term.
The appeal lies in this balance: you get a home with modern foundations on a premium-sized lot in a well-established neighbourhood. Its assessed value sits above the Winnipeg average, yet it is positioned as around average for the Island Lakes area, indicating it aligns with local expectations. This property would suit buyers who prioritize land size over sheer interior square footage—perfect for those envisioning a deck, play area, or garden oasis. It’s also a strong match for value-conscious buyers seeking a home in a mature neighbourhood without the maintenance risks of an older build, and for families looking for a long-term home with room to grow outdoors.
Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
The lot is exceptionally large, over double the citywide average of 6,570 sqft. This places it in the elite top 3% of all residential properties in Winnipeg for land area.
2. Is the home’s living space considered large for the area?
At 1,433 sqft, the living area is slightly below the current average for Island Lakes but is very close to the average for its immediate street. It offers comfortable space, with the property’s key differentiator being the land, not the interior square footage.
3. What does the 1990 build year mean for maintenance?
A 1990 build is newer than most homes on its street and the median Winnipeg home. This can be an advantage, potentially meaning updated major systems (like wiring or plumbing) compared to much older homes, though a thorough inspection for any age-related updates is always recommended.
4. The last recorded sale was in 2017. Should that be a concern?
Not necessarily. A longer tenure by the previous owners can indicate a stable, well-cared-for home and a desirable street. It’s more important to focus on the current condition of the property.
5. How is the assessed value positioned relative to the market?
With an assessed value of $470,000, this home is above the Winnipeg average but sits around the middle range for the Island Lakes neighbourhood. This suggests it is priced in line with local community standards rather than being an outlier.