Property Overview: 87 Quayside Cove, Island Lakes, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1988, offering 1,068 sqft of living space on a standard 5,385 sqft lot in the established Island Lakes neighbourhood. Its key characteristic is its solidly average positioning within its immediate area—its size, assessed value, and lot are all around the middle of the pack for Quayside Cove. This presents a clear appeal: it’s an entry-point into a desirable neighbourhood without the premium often attached to larger, updated homes. The renovated basement adds functional living space.
The property would suit first-time buyers or downsizers seeking a manageable, single-level layout in a mature community with park-like settings and waterways. Its value lies in location rather than standout specs. A thoughtful perspective is that its "average" metrics on the street could mean less competition and more negotiation room compared to top-ranked homes, while still providing the same community benefits. It’s a practical choice for those prioritizing neighbourhood over a showpiece property.
Frequently Asked Questions
1. What is the exact recent sold price history?
The public data shows estimated sale ranges: approximately $30.5K–$33.5K in July 2017 and $31.5K–$34.5K in March 2020. For precise figures, you can request the exact sold price history via email from the listing source.
2. How does this home compare to others in Island Lakes?
Within the broader Island Lakes area, this home’s living space is notably below the neighbourhood average, placing it in the top 95% (meaning only 5% of homes are smaller). Its assessed value is also below the area average. This highlights it as one of the more compact and modestly valued options in the community.
3. Is there a garage or pool?
No, the property does not include a garage or a swimming pool.
4. What does the ranking "Top 68%" for Living Area on Quayside Cove mean?
It means that on its own street, approximately 68% of comparable homes have a smaller living area. So, while it’s below average for Island Lakes as a whole, it is actually above the median size for homes directly on Quayside Cove.
5. The assessed value seems low. Is that accurate?
The assessed value is listed at $39,600. The data indicates this is around average for the street but below average for Island Lakes. It’s important to note that municipal assessed value is for tax purposes and often differs from current market value. The recent sold price ranges provided offer a more current market perspective.