62 Tidal Cove

Property Summary: 62 Tidal Cove, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This 3-level split home, built in 1987, presents a compelling mix of space, value, and potential. Its most defining feature is the exceptionally large lot—over 17,400 sqft—which ranks in the top 3% on its street and the top 1% in the Island Lakes area. This offers rare privacy and ample room for gardens, recreation, or future expansion. The living area (1,112 sqft) is modest compared to nearby homes but is efficiently laid out across multiple levels. Key features include a renovated basement and an attached garage.

The primary appeal lies in its land value and established neighborhood setting. It suits buyers who prioritize outdoor space over a large interior footprint, such as those looking for a starter home with room to grow, gardening enthusiasts, or anyone seeking a quiet, generous yard in a mature community. The property’s assessed value is strong relative to the city, suggesting good underlying value. It’s a practical choice for someone willing to potentially update the living spaces over time to capitalize on the outstanding lot.

Section 2: Frequently Asked Questions

1. Is the lot size typical for Island Lakes?
No, it is exceptional. At 17,443 sqft, it is more than double the average lot size for the area and ranks in the top 1% of homes in Island Lakes.

2. How does the home's size compare to others on the street?
The living space is below average for Tidal Cove. Most comparable homes on the street are larger, averaging about 1,490 sqft.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing or inquiry with the seller is necessary to determine the finishes, layout, and if it includes a legal suite or additional bedrooms.

4. The home was last sold in March 2022. What does that mean for a buyer today?
The 2022 sale provides a recent price benchmark, but market conditions have likely changed. This history is useful for understanding trends, but the current market value will be determined by recent comparable sales, condition, and demand.

5. Given the large lot, are there any restrictions on what can be built?
This is a key question. While the lot offers great potential, any new structures, additions, or pools would require permits and must comply with local zoning bylaws. Checking with the City of Winnipeg regarding setbacks and permissible building coverage is highly recommended.