Property Overview: 81 Tidal Cove, Island Lakes
Key Characteristics & Appeal
This single-storey home at 81 Tidal Cove is a practical and well-situated property in the established Island Lakes neighbourhood. Built in 1986, its key features include 1,255 sqft of living space, a renovated basement, and an attached garage, sitting on a 5,747 sqft lot.
The primary appeal lies in its balance and location. The home presents a manageable size for downsizers or first-time buyers, while the renovated basement adds functional space. Its assessed value is notably strong city-wide, ranking in the top 26%, suggesting good value retention for its age. While the lot is smaller than others on Tidal Cove, it is near the city-wide average, offering lower maintenance. The home suits buyers looking for a move-in ready, single-level layout in a mature, family-friendly community without the premium of a new build. It’s a solid choice for those who value neighbourhood character over sheer square footage, and who appreciate a home that performs well on municipal assessments relative to the broader market.
Frequently Asked Questions
1. How does the property’s size compare to the neighbourhood?
At 1,255 sqft, the living area is below the current Island Lakes average but is a typical size for many well-maintained homes from the 1980s. It offers a more compact and efficient layout.
2. The lot seems smaller than others on the street. Is that a concern?
The lot is indeed smaller than the average for Tidal Cove. This translates to less yard maintenance, which can be a positive for many buyers, while still providing decent outdoor space.
3. What does the "above average" city-wide assessed value ranking mean?
Ranking in the top 26% city-wide for assessed value indicates that, according to municipal assessment, this property holds its value well compared to homes across all of Winnipeg. This often reflects a desirable location and property condition.
4. Is the sold price history from 2020 relevant today?
The last known sale was in September 2020. While it provides a historical benchmark, it does not reflect current market conditions. A professional comparative market analysis is needed to determine today’s value.
5. What is the benefit of a renovated basement in a home of this age?
A renovated basement in a 40-year-old home immediately adds functional living space without the need for a major project. It’s important to clarify the scope and quality of the renovation and ensure it was properly permitted.