Property score
67.9
Good
Overall 67.9 · Smaller than most nearby homes
980 sqft (bottom 2%) · Built in 1988 (7 yrs older than avg)
Located in a high-income area with median household income of ~122k
Transit 74.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
40% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 74%French · 7%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
67.9 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: #46111212
$122K
Median household income
$146K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
10%
Single-person households
50%
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
62 Quayside Cove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 446 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% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 62 Quayside Cove, Island Lakes
Key Characteristics & Appeal
This single-storey home at 62 Quayside Cove is a compact, 980 sqft bungalow built in 1988, situated on a roughly 5,770 sqft lot in Winnipeg's Island Lakes neighbourhood. Its key appeal lies in its position as an accessible entry point into a well-established area. While its living space is notably below the average for both the street and the wider neighbourhood, this is reflected in its assessed value, which is also below local averages but aligns more closely with the city-wide median. The home features a renovated basement, adding functional space.
This property would best suit first-time buyers, downsizers, or investors seeking a lower-cost foothold in a mature community. Its smaller scale means lower maintenance and utility costs, which is a significant, practical advantage. A thoughtful perspective for a buyer is to see the below-average metrics not just as a compromise on space, but as a strategic opportunity: you're acquiring the location and community amenities of Island Lakes without paying the premium typically attached to its larger, modern homes. The renovated basement also suggests immediate livability without a major project.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No, the assessed value (listed as $37,500) is for municipal tax purposes. The recent sold price history shows it transacted in late 2023 for between $365,000 and $395,000, which is a more accurate indicator of its market value.
2. How does the home's size impact daily living?
At 980 sqft of above-ground living area, the floor plan is compact. The renovated basement provides crucial additional space, making the home functional for a small household, but those accustomed to larger, open-concept layouts may find the main floor limiting.
3. What are the benefits of the Island Lakes location?
Island Lakes is a mature southeast Winnipeg neighbourhood known for its extensive pathways, parks, and water features. It offers a strong sense of community, convenience to amenities, and is generally family-oriented.
4. There's no garage. What are the parking options?
The listing indicates no garage. Parking would be via a driveway, and street parking may also be available. This is a common trade-off for older bungalows and should be factored into your planning.
5. The home is older. What should I budget for maintenance?
Built in 1988, major components like the roof, windows, and mechanical systems (furnace, water heater) may be nearing or past their typical lifespans. A thorough inspection is essential, and setting aside a budget for updates and repairs is a prudent step.
