Property Overview: 35 Tidewater Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home on Tidewater Bay is defined by its generous scale and premium lot. With 2,583 sqft of living space and a fully renovated basement, it offers substantial room for family life and entertaining. Its most standout feature is the 18,042 sqft lot, which is exceptionally large even for the desirable Island Lakes neighborhood, providing rare privacy and space for gardens, recreation, or future expansion.
The home’s appeal lies in its established, elite positioning within a mature community. The data shows it ranks in the top tier for size and value not just on its street, but across the entire city. While built in 1987, its recent basement renovation adds modern convenience. This isn't just a large house; it's a property with a footprint that is increasingly difficult to find in Winnipeg, situated on a quiet bay.
It would best suit buyers looking for a long-term family home where space—both indoors and out—is the top priority. It appeals to those who value established neighborhoods with mature landscaping over new developments, and to practical investors who recognize the inherent value and development potential of such a large parcel of land in a sought-after area.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The home is assessed at $760,000, placing it in the top 3% citywide. Recent sales data for the area from 2023 shows a range between $675,000 and $705,000. The current assessed value suggests market growth, but the final sale price will be determined by current market conditions, the home's interior condition, and the high value of the oversized lot.
2. What does the "Elite" or "Top X%" ranking mean for me?
These rankings compare this specific property against similar homes on its street, in Island Lakes, and across Winnipeg. For example, ranking in the top 1% for land area in Island Lakes means 99% of homes in the neighborhood sit on smaller lots. This quantifies the property's rarity and is a key indicator of its long-term value.
3. The home was built in 1987. What should I consider?
While the basement is renovated, a home of this age will likely have original major components, like the roof, windows, and HVAC system. A thorough inspection is essential to budget for any upcoming maintenance or updates, which is a typical consideration for well-built homes in mature neighborhoods.
4. Is the large lot more of a benefit or a responsibility?
It's both. It offers unparalleled privacy, space for activities, and potential for additions like a large deck or garage. However, it also means higher property taxes (reflected in the assessment) and more yard maintenance. The value is for those who will actively use and enjoy the outdoor space.
5. How does this location within Island Lakes compare?
Tidewater Bay is a quiet, interior bay rather than a main thoroughfare. The data shows homes on this specific street have above-average living area and lot size compared to the rest of Island Lakes, indicating it's a premium enclave within the larger community, likely with less through-traffic.