107 Quayside Cove

Island Lakes, Winnipeg

Property score

65.6

Good

Overall 65.6 · Smaller than most nearby homes

826 sqft (bottom 1%) · Built in 1988 (7 yrs older than avg)

Located in a high-income area with median household income of ~141k

Transit 64.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby

Living Area

Below average

49% smaller than neighborhood avg.

Taon ng Paggawa

Below average

7 yrs older than neighborhood avg.

Mother tongue

English · 64%French · 6%

Past 10 years Island Lakes sales snapshot (~80% of all data)

Sold Count

654

Median price

580k

$/sqft

$348/sqft

Avg build year

1995

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Property score

65.6 is composed by the two sections below.

Property Score

49.6Low
Living Area826 sqft32Low
Taon ng Paggawa198878Good
Lupa7,104 sqft88Excellent
Neighbourhood Sales Activity32Low

Community Score

89.5Excellent
Household Income93Excellent
Education Level82Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Istatistika ng benta ng komunidad

Island Lakes

How to read: Share of sales in each ~$50k price band for “island lakes” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111206

Community deep dive

$141K

Median household income

$153K

Average household income

3%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

7%

Single-person households

54%

Families with children

Population, labour & age

Population (2021)2,712
Labour force participation rate73%
Median age36.8
Avg household size3.3
Unemployment rate6%
Population density3190 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households7%
Couple families with children54%
Median household income (2020)$141K

Housing

Renter households1%
Condominium dwellings8%
Median dwelling value (owners)$452K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority38%
Bachelor's or higher (25–64)43%
Mother tongue (1st)English · 64%
Mother tongue (2nd)French · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

mas mababa sa average
826 sqft
0255075100
Same streetBottom 7%Same areaBottom 1%CitywideBottom 11%
Same street · Quayside Cove
#38 / 41
Bottom 7% · Avg 1,225 sqft
Same area · Island Lakes
#2,108 / 2,119
Bottom 1% · Avg 1,635 sqft
Citywide · Winnipeg
#173,653 / 194,458
Bottom 11% · Avg 1,342 sqft

Assessed Value

karaniwan
396k
0255075100
Same streetTop 49%Same areaBottom 7%CitywideTop 39%
Same street · Quayside Cove
#20 / 41
Top 49% · Avg 399.8k
Same area · Island Lakes
#1,981 / 2,119
Bottom 7% · Avg 494.7k
Citywide · Winnipeg
#76,517 / 194,458
Top 39% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1988
0255075100
Same streetBottom 46%Same areaBottom 32%CitywideTop 24%

Lupa

lampas sa average
7,104 sqft
0255075100
Same streetTop 15%Same areaTop 24%CitywideTop 16%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

107 Quayside Cove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 345 m).

Search radius
🌳Parks2

Crime & Safety

Island Lakes · WPS public data · 2026

Annual incidents

3

2026

vs. city avg

-90%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Violent

67%

Kasaysayan ng Benta

Naibenta 5/2017CA$250k–300k
Presyo ng benta

Parehong kalye

Bottom 5%

Parehong lugar

Bottom 2%

Buong lungsod

Bottom 37%

Related homes

Mga tampok at karaniwang tanong: 107 Quayside Cove, Winnipeg

Property Overview: 107 Quayside Cove, Island Lakes

Key Characteristics & Appeal

This 1988 bi-level home at 107 Quayside Cove presents a specific and compelling value proposition. Its primary characteristic is a modestly sized, 826 sqft living area, which is notably below average for both the immediate street and the broader Island Lakes neighborhood. However, this is balanced by a generously sized, above-average lot of over 7,100 sqft. The home features a renovated basement and a detached garage.

Its appeal lies in this land-to-structure ratio. It offers significant outdoor space and future potential in a mature, established area, all at an assessed value that is around the city-wide average. The property suits practical, value-oriented buyers such as first-time homeowners comfortable with a cozy interior footprint, or investors/renovators who see the large lot as the key asset for future expansion, gardening, or outdoor living. It’s less suited for those seeking immediate move-in space or a standard-sized family home without renovation plans.

Frequently Asked Questions

1. Is the living space too small for a family?
The 826 sqft main living area is compact. It would suit a small family, a couple, or an individual comfortably, but may feel tight for larger families unless the renovated basement is fully utilized as additional living space.

2. What does the "above-average" land area actually mean for me?
With a lot size ranking in the top 15-25% of the area, you have more private outdoor space than most neighbors. This allows for larger gardens, play areas, patios, or even future additions like a shed or deck, which is rare for homes at this price point in the neighborhood.

3. The assessed value seems low for Island Lakes. Why?
The assessed value of $39,600 is below the neighborhood average, which largely reflects the home’s smaller-than-average square footage. This can represent an opportunity to enter a desirable neighborhood at a lower price point, with property taxes based on this assessment.

4. How does the 1988 build year affect the home?
Built in the late 1980s, the home is of average age for the street. Buyers should expect maintenance consistent with a house of this era, but also appreciate that major systems like roofing, windows, or HVAC may be nearing or have undergone updates.

5. What is the significance of the 2017 sale price shown?
The sold price range from 2017 provides historical context, but it is not indicative of current market value. The market has evolved significantly since then. For an accurate, current valuation, consulting a local realtor and reviewing very recent comparable sales is essential.

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