Property Overview: 26 Tidal Cove, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This 1987-built, three-level split home in Island Lakes offers a practical layout with a renovated basement and an attached garage. Its key appeal lies in its generous, above-average lot size of over 8,200 sqft, providing substantial outdoor space that is rare for the area and city-wide. With a living area of 1,112 sqft, the home itself is more compact and efficient than many neighbours, positioning it as a potentially lower-maintenance option.
The property suits first-time buyers, downsizers, or investors seeking an entry into a well-established neighbourhood without a premium for excessive square footage. Its assessed value is notably above average compared to the wider Winnipeg market, suggesting good value retention, yet it is priced below the Island Lakes average, indicating a relative opportunity within the suburb. The thoughtful perspective here is for the buyer who prioritizes land potential and location over a large interior, seeing the sizable yard as space for future enjoyment, expansion, or simply a private retreat.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living space is modest for the Island Lakes area, ranking in the smaller third of homes in the neighbourhood. This often translates to a more manageable property with lower utility costs and less upkeep.
2. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value for taxation purposes is above the city median but below the average for Island Lakes. Market conditions, the home’s updated condition, and its large lot will be larger factors in determining its sale price.
3. What does the large lot size mean for me?
The lot is significantly larger than most in Winnipeg and on this street. This is a major feature, offering ample space for gardening, play, pets, or potential additions like a shed or deck. It provides a sense of space uncommon in many suburban settings.
4. The home last sold in 2020. What should I consider?
The 2020 sale likely preceded major renovations to the basement. It’s important to understand the scope, quality, and permits for that work, as it has changed the home’s layout and functionality since that last transaction.
5. Who are the typical neighbours in this part of Island Lakes?
As a mature neighbourhood with homes primarily from the 1980s and 90s, you can expect a mix of long-term residents, growing families, and downsizers. The street has a range of home sizes, contributing to a varied streetscape.