Property Overview: 54 Quayside Cove, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes is a practical and well-positioned property. Built in 1988, it features 1,252 sqft of living space and an attached garage, sitting on a 4,965 sqft lot. The basement has been renovated, adding modern utility. Its assessed value places it solidly in the mid-range for its immediate street and the wider city, suggesting it is a fairly priced entry into a mature, established neighbourhood.
The primary appeal lies in its balance and location. The home is not the largest or newest on the street, but it holds its own with recent updates and offers a manageable size for efficient living. It suits first-time buyers or downsizers looking for a low-maintenance property in a convenient South Winnipeg community, without the premium price of a newer or maximized lot. A thoughtful perspective is that its "average" metrics across the board can be a strength—it represents a stable, known quantity in the market, insulated from the extremes of over-improvement or under-investment. The renovated basement adds immediate functional space without the need for a major project.
Frequently Asked Questions
1. How does this home compare to others on Quayside Cove?
It is consistently around the average for the street in terms of living space, assessed value, and age. Its lot size is slightly below the street's average.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes. While it places the home in a mid-range bracket both locally and city-wide, the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.
3. What is the significance of the renovated basement?
This indicates the lower level is finished as living space, which adds usable square footage. It’s a key update that means buyers likely won't face an immediate renovation project for that area.
4. The home is described as "below average" for Island Lakes in size and value. Is that a concern?
Island Lakes is a large, diverse neighbourhood. This positioning simply means the property is more modest and affordable compared to many larger homes in the area, which can be an advantage for buyers seeking value and community amenities without the highest price point.
5. How can I find out the exact historical sale prices?
Exact sold prices are not publicly displayed in detail here. You can request the precise history by emailing the listing source, which provides the data manually without marketing spam.