Property Overview
This one-storey home at 110 Tidal Cove in Winnipeg's Island Lakes neighbourhood presents a specific value proposition. Its key appeal lies in its generous, above-average lot size of nearly 9,000 sqft, offering significant outdoor space that is rare within its immediate area and across the city. Built in 1989, it is also one of the newer homes on its street. The living space is modest at 1,068 sqft and features a renovated basement, adding functional space. There is no garage or pool.
The home’s assessed value is notably below average for both the street and Island Lakes, though it aligns more closely with the wider city average. This combination suggests a property where the value is anchored more in the land and location than in the size or premium finish of the dwelling itself. It would suit a first-time buyer, downsizer, or value-oriented purchaser seeking a manageable single-level layout in an established neighbourhood, with the potential to enjoy or further develop a sizable yard. It’s a practical choice for those prioritizing lot size over interior square footage.
Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home's more modest size and features compared to larger, updated homes on the street. This can represent a value opportunity and may result in relatively lower property taxes.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to assess the quality, layout, and whether it includes a legal suite or additional living space like a family room or bedroom.
3. How does the lack of a garage affect daily living?
This means relying on driveway parking, which requires winter plug-in access for a vehicle block heater. It also reduces covered storage space. The large lot, however, offers ample room for a future garage or shed, subject to local bylaws.
4. The home is described as "around average" citywide for living area. Who is it best suited for?
While the 1,068 sqft footprint is near the city average, its single-storey design makes the space efficient. It's well-suited for individuals, couples, or small families who don't require extensive separation of living areas or are looking for an easily navigable layout without stairs.
5. Why is the lot size highlighted as a key feature?
In the Island Lakes area and especially on Tidal Cove, this lot is significantly larger than most. This provides exceptional privacy, space for gardening, recreation, or expansion that is hard to find in newer subdivisions, offering a long-term benefit that smaller lots cannot match.