15 Quayside Cove

Property Overview: 15 Quayside Cove, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This 1989 bi-level home at 15 Quayside Cove presents a distinct profile within the Island Lakes neighborhood. Its key characteristic is its compact and efficient scale, with 808 sqft of living space—significantly below the area average—sitting on a 4,375 sqft lot. The home features a renovated basement, but no garage or pool. Its assessed value is notably modest for the street and neighborhood, yet aligns more closely with the wider Winnipeg average.

The appeal lies in its potential as an affordable entry point into a well-established, desirable community. It suits buyers seeking minimal upkeep and lower property taxes, or investors looking for a rental property in a high-demand area. A thoughtful perspective is that this smaller footprint could align well with a minimalist or downsizing lifestyle, offering the benefits of the Island Lakes location without the maintenance of a larger home. It’s a practical choice for a first-time buyer, an investor, or someone prioritizing location over square footage.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than neighboring homes on Quayside Cove?
The primary reason is the home's significantly smaller living area and lot size compared to others on the street. Assessment is based on property characteristics, and this home's compact scale results in a lower valuation.

2. What does having a "renovated basement" in a bi-level mean for living space?
In a bi-level, the basement is typically partially above ground. A renovated basement here likely adds functional living space (such as a family room or additional bedroom) to the 808 sqft main floor area, improving the home's utility.

3. Is the lack of a garage a major drawback in this area?
While many homes in Island Lakes have garages, street parking is common. For some buyers, this is a worthwhile trade-off for the price and location. It's advisable to visit to assess on-street parking availability.

4. The home sold recently in 2024 and 2021. Does that indicate an issue?
Not necessarily. Frequent sales can be due to many factors, including investment turnover or personal circumstances. The consistent, modest price point suggests it is seen as a reliable entry-level property in the area.

5. How does the 1989 build year compare for maintenance needs?
Built in the late 1980s, major components like the roof, windows, and furnace may be nearing or due for replacement. A thorough inspection is crucial, but the home is newer than the Winnipeg city average, which is a positive.