Property score
62.4
Fair
Overall 62.4 · Smaller than most nearby homes
808 sqft (bottom 1%) · Built in 1989 (6 yrs older than avg)
Located in a high-income area with median household income of ~141k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
51% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 64%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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62.4 is composed by the two sections below.
Property Score
Community Score
Island Lakes
How to read: Share of sales in each ~$50k price band for “island lakes” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111206
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
15 Quayside Cove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 483 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 38% | Bottom 22% | Top 38% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 2% | Bottom 42% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 15 Quayside Cove, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This 1989 bi-level home at 15 Quayside Cove presents a distinct profile within the Island Lakes neighborhood. Its key characteristic is its compact and efficient scale, with 808 sqft of living space—significantly below the area average—sitting on a 4,375 sqft lot. The home features a renovated basement, but no garage or pool. Its assessed value is notably modest for the street and neighborhood, yet aligns more closely with the wider Winnipeg average.
The appeal lies in its potential as an affordable entry point into a well-established, desirable community. It suits buyers seeking minimal upkeep and lower property taxes, or investors looking for a rental property in a high-demand area. A thoughtful perspective is that this smaller footprint could align well with a minimalist or downsizing lifestyle, offering the benefits of the Island Lakes location without the maintenance of a larger home. It’s a practical choice for a first-time buyer, an investor, or someone prioritizing location over square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes on Quayside Cove?
The primary reason is the home's significantly smaller living area and lot size compared to others on the street. Assessment is based on property characteristics, and this home's compact scale results in a lower valuation.
2. What does having a "renovated basement" in a bi-level mean for living space?
In a bi-level, the basement is typically partially above ground. A renovated basement here likely adds functional living space (such as a family room or additional bedroom) to the 808 sqft main floor area, improving the home's utility.
3. Is the lack of a garage a major drawback in this area?
While many homes in Island Lakes have garages, street parking is common. For some buyers, this is a worthwhile trade-off for the price and location. It's advisable to visit to assess on-street parking availability.
4. The home sold recently in 2024 and 2021. Does that indicate an issue?
Not necessarily. Frequent sales can be due to many factors, including investment turnover or personal circumstances. The consistent, modest price point suggests it is seen as a reliable entry-level property in the area.
5. How does the 1989 build year compare for maintenance needs?
Built in the late 1980s, major components like the roof, windows, and furnace may be nearing or due for replacement. A thorough inspection is crucial, but the home is newer than the Winnipeg city average, which is a positive.
