Property Overview: 94 Quayside Cove, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes offers a renovated basement and an attached garage. Built in 1989, it presents a balanced profile within its context. The living space (1,471 sq ft) is notably above average for its immediate street, ranking in the top 22% of Quayside Cove, while the assessed value also sits above the local street average. This suggests a well-maintained or updated property relative to its closest neighbors. The lot size (4,835 sq ft) is more compact compared to others on the street and in the Island Lakes area, which may appeal to those seeking a manageable yard.
The primary appeal lies in its position as a solid, established home in a mature neighborhood. It suits buyers looking for a move-in-ready property with recent updates (as indicated by the renovated basement) who value a strong standing within their immediate micro-area over having the largest lot on the block. It’s a practical choice for small families, professionals, or downsizers seeking the amenities and greenery of Island Lakes without the upkeep of an expansive yard. A thoughtful perspective is that this home represents a "sweet spot" on its street—offering more interior space than many neighbors while carrying an assessment that reflects that desirability, potentially indicating good future resale value within the local context.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is above average for Quayside Cove itself but below the average for the broader Island Lakes neighborhood. This often indicates a well-regarded property on its specific street, even if it’s priced modestly compared to some larger or newer homes in the wider area.
2. Is the lot size a disadvantage?
The lot is smaller than many in Island Lakes. This translates to less yard maintenance, which can be a benefit for many buyers. It’s worth considering how you intend to use outdoor space, as the patio and garden area will be more intimate.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. This would be a key detail to clarify with the seller or agent, as it could range from updated finishes to the addition of legal windows or a separate entrance.
4. The home was last sold in 2022. Why might it be back on the market?
A relatively quick resale isn’t inherently negative. It could be due to a change in the owner’s job, family circumstances, or a strategic investment flip. Reviewing the renovation details and requesting the full sale history can provide helpful context.
5. How does the age of the home (1989) factor in?
Built in 1989, this home is from an era where major systems like the roof, windows, and furnace may be nearing or have recently undergone replacement. It’s newer than the Winnipeg city average, but a thorough inspection is recommended to understand the condition and age of these key components.