Property score
75.9
Good
Overall 75.9 · Smaller than most nearby homes
1,220 sqft (bottom 12%) · Built in 1988 (7 yrs older than avg)
Located in a high-income area with median household income of ~141k
Transit 74.0 · 4-min walk to transit with 2 nearby routes
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
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)
654
580k
$348/sqft
1995
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75.9 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
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 24% | Bottom 45% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 23 Quayside Cove, Island Lakes
Key Characteristics & Appeal
This single-storey home at 23 Quayside Cove is a study in contrasts, offering a blend of modest size with above-average valuation in its immediate neighborhood. With 1,220 sqft of living space and a renovated basement, its footprint is very typical for Quayside Cove but is considered compact compared to the broader Island Lakes area. The standout feature is its assessed value of $450,000, which ranks in the top 12% on its own street, suggesting factors beyond pure square footage—like the basement renovation, lot location, or specific upgrades—are positively impacting its worth. Built in 1988, the home sits on a 5,036 sqft lot, which is smaller than most on the street but average for the wider city.
Its primary appeal lies in its efficiency and established location. It suits buyers looking for a manageable, single-level layout in a mature, sought-after neighborhood like Island Lakes, without the upkeep of a larger property. It would particularly fit first-time buyers moving into a family-friendly area, downsizers seeking main-floor living with a finished basement for extra space, or value-focused investors who note its assessed value premium on the street. A thoughtful perspective is that this home represents an entry point into a desirable area, where you're paying more for the location and lot than for expansive square footage, making it a strategic purchase rather than a sheer space-maximizing one.
Frequently Asked Questions
1. Why is the assessed value notably higher than the street average?
While the exact reasons aren't detailed here, a higher assessment compared to neighboring homes often reflects significant updates (like the mentioned basement renovation), a premium lot position, or quality improvements that municipal assessment models recognize.
2. How does the home's size compare practically to others in Island Lakes?
At 1,220 sqft, this home's living area is below the Island Lakes average. This means it likely offers cozier, more efficient living spaces compared to the larger two-storeys common in the area, which is a trade-off for location and potentially lower utility costs.
3. What does the sold price history from 2022 indicate?
The sold price range from November 2022 (approximately $40.50k - $43.50k) appears to be an anomaly and likely represents a data transfer error or a non-arms-length transaction. It should not be considered a market benchmark. For accurate historical sold prices, direct inquiry is necessary.
4. Is the smaller lot size a significant drawback?
At just over 5,000 sqft, the lot is below the street average but is still a standard city lot. It requires less maintenance than larger plots, which can be an advantage, but may limit expansion possibilities or extensive landscaping.
5. Who would this home not be ideal for?
It may not suit growing families requiring multiple large bedrooms and abundant living space, or buyers whose primary goal is maximum square footage and yard size for their budget within Winnipeg.
