Property Overview: 3 Quayside Cove, Island Lakes, Winnipeg
Key Characteristics & Appeal
This 1989 four-level split home at 3 Quayside Cove offers 1,512 sqft of living space, which is notably above average for its immediate street and the city overall. Its appeal lies in a practical layout that provides clear separation between living and sleeping areas, a renovated basement adding functional space, and a detached garage. The home sits on a 4,731 sqft lot, which is more compact than many in the Island Lakes neighborhood, resulting in lower maintenance without sacrificing private outdoor space.
The property’s value proposition is grounded in its strong positioning relative to peers. It ranks in the top 17% for living area on its own street and the top 30% citywide, suggesting a well-sized home for its market. Its assessed value of $406,000 is around the average for both the street and the city, indicating a stable, mid-market investment. A sale in August 2022 provides a recent price benchmark. The home would suit practical buyers looking for a move-in-ready property with a renovated basement in a mature, established neighborhood like Island Lakes. It’s ideal for those who prioritize efficient use of indoor space over a large yard and appreciate the character and settled feel of a late-80s build.
Frequently Asked Questions
1. How does the lot size compare, and what does it mean for me?
The lot is 4,731 sqft, which is below the average for Island Lakes. This typically translates to less time and cost spent on yard maintenance, while still providing adequate private space for gardening or recreation. It’s a practical size for busy households.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($406,000) is for municipal tax purposes and provides a baseline. The home’s sale history (last sold in the $435k-$465k range in August 2022) and its above-average living area for the location are often stronger indicators of current market value. A professional appraisal or market analysis is recommended.
3. What are the implications of a "four-level split" design?
This design creates multiple, distinct living zones across different half-levels, which can offer good privacy between bedrooms and common areas. It is efficient with space but involves more stairs than a bungalow or two-story layout. It works well for separating activity areas.
4. The home is above average in size for the street but the lot is smaller. Is that common?
This combination suggests a home that was built or later renovated to maximize living space on its parcel. It indicates a focus on interior square footage over expansive grounds, which can be a smart use of space in a mature neighborhood.
5. Where can I find the exact historical sold price?
Exact sold prices are not publicly displayed in detail here due to data licensing. You can request the precise sale history by email via the button provided on the listing page; the service aims to provide the information manually by the end of the same day.