63 Lakeview Cove

Property Overview: 63 Lakeview Cove, Island Lakes

Key Characteristics & Appeal

This well-maintained condo in Island Lakes offers 1,403 sqft of living space with a renovated basement, providing ample room for comfortable living. Built in 1999, the home sits on a quiet cul-de-sac and presents a compelling value proposition rooted in its strong citywide standing.

Its primary appeal lies in its space and value metrics. The living area is in the top 5% for its immediate street and the top 13% citywide, meaning it offers more square footage than the vast majority of Winnipeg homes. The assessed value tells a similar story of long-term value: while average for the street, it ranks in the top 5% citywide, suggesting a solid investment in a desirable area. The renovated basement adds modern, functional space.

This property would suit practical buyers looking for space without a premium price tag, such as growing families seeking a townhouse alternative, or professionals wanting a roomy, low-maintenance home in a mature, established neighbourhood. It’s a fit for those who value quantifiable metrics—getting more interior space for their dollar compared to the broader market—over a brand-new build.

Frequently Asked Questions

1. How does this home’s size really compare?
At 1,403 sqft, this condo is larger than 87% of comparable homes across Winnipeg and is the largest among the 20 directly comparable properties on Lakeview Cove.

2. What does the “Elite” citywide assessment ranking mean?
An assessed value in the top 5% citywide indicates that, for property tax purposes, this home is valued higher than 95% of Winnipeg properties. This often reflects a combination of its size, location, and condition relative to the entire market.

3. The home was built in 1999. What should I consider?
Being 27 years old, it’s newer than about 60% of Winnipeg homes. Buyers should focus on the condition and age of major updates (like the basement renovation, roof, HVAC, and windows) rather than the build year itself.

4. Why is the sold price history shown as a range?
Exact sale prices in Manitoba are not publicly available in a centralized database. The ranges are estimates based on publicly accessible internet records. The exact historical sale price can be provided upon direct request to the listing service.

5. Is the property tax likely to be high given the assessment?
While the citywide assessment is high, property taxes are primarily determined by comparing your assessment to the average in your specific community area (Island Lakes). Here, its assessment is above average but not exceptionally so, suggesting taxes will be more in line with the neighbourhood than the citywide ranking implies.