Property Overview: 83 Quayside Cove, Island Lakes, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This one-storey home in Island Lakes is defined by its practical scale and its position as a relative value within its neighborhood. With 934 sqft of living space, it is notably compact compared to most homes on its street and in the wider area, placing it in the smaller third of properties. This is balanced by a fully renovated basement, adding functional space. Its standout characteristic is its age; built in 1992, it is the newest home on Quayside Cove, offering modern construction fundamentals amidst older peers.
The primary appeal lies in its entry-point positioning for the desirable Island Lakes community. The assessed value is significantly below the street and neighborhood averages, suggesting a lower property tax base and an accessible price point for the area. It suits first-time buyers or downsizers seeking single-level living in an established, amenity-rich neighborhood without the premium of a larger home. The generous, average-sized lot (over 5,300 sqft) provides outdoor space and potential not always available with smaller homes. It’s a property for those who prioritize location and lot over interior square footage, and who see value in a home that is newer than its immediate surroundings.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size relative to others in Island Lakes. A below-average assessment typically translates to lower annual property taxes, which is a financial positive for the owner.
2. How does the "newest on the street" status impact the home?
While the interior may have its own condition, this means major structural components (foundation, framing, roof) are younger than all neighbors. This can be a plus for insurance and long-term maintenance planning, compared to older homes in the area.
3. What are the implications of having no garage?
This is a key consideration for Winnipeg winters. Buyers will need to budget for alternative parking (a driveway is present) and factor in the time and cost of seasonal vehicle plug-ins and snow removal from the vehicle.
4. The home is smaller than area averages. Will it feel cramped?
The renovated basement effectively adds a second level of living space, offsetting the modest main-floor square footage. The layout and how the basement is finished will be crucial in determining the overall sense of space.
5. The last recorded sale was in 2017. What does that mean?
It indicates a period of stable ownership. For a buyer, it means there is less frequent sales data to gauge recent price trends for this specific property, making a professional appraisal and comparison to recently sold nearby homes especially important.