Property Overview: 71 Quayside Cove, Winnipeg
Section 1: Key Characteristics & Appeal
This 1989 bi-level home at 71 Quayside Cove in Island Lakes is a compact, efficiently sized property on a standard residential lot. Its primary appeal lies in its position as a relatively affordable entry point into a well-established neighborhood. With 843 sqft of living space, it is notably smaller than most homes on its street and in Island Lakes, but this translates to a lower assessed value ($360k) that sits below the local average. The home features a renovated basement, adding functional space.
The property would suit first-time buyers or downsizers seeking manageable upkeep and lower property taxes without leaving a desirable area. It also presents a potential value opportunity for investors or renovators, as the land value and neighborhood fundamentals are solid, while the home's size and below-average valuation leave room for future appreciation, especially if the interior is modernized. A thoughtful perspective is that, while small, its above-average year-built ranking on the street suggests it is among the newer homes in its immediate cluster, potentially meaning fewer major age-related issues than older neighbors.
Section 2: Frequently Asked Questions
1. Is the home actually as small as the data suggests?
Yes. At 843 sqft, the living area is significantly below the averages for Quayside Cove (1,225 sqft) and the wider Island Lakes area (1,635 sqft). The renovated basement does provide additional usable space.
2. Why is the assessed value lower than the street average?
The assessed value of $360k is below the $400k average for Quayside Cove, largely reflecting the home's smaller size. Assessments typically factor in living area, age, and condition.
3. What does the "above average" year built ranking mean?
Built in 1989, this home is newer than most on its street (ranking 9th newest out of 41). This can be an advantage, suggesting potentially updated building materials and systems compared to older homes in the area.
4. How reliable is the sold price history shown?
The listed sale from 2019 ($29.5k-$32.5k) is a range based on public data. The exact sale price requires a direct email request to the site, which they provide manually without marketing spam.
5. Who are the most likely buyers for this property?
It is best suited for budget-conscious buyers prioritizing location over size, such as first-time entrants to the Island Lakes area, empty-nesters looking to downsize, or investors considering a hold-or-renovate strategy due to its foundational lot and neighborhood value.