Property score
65.0
Good
Overall 65.0 · Smaller than most nearby homes
843 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 · 4-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
48% 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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65.0 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
71 Quayside Cove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 440 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 | Bottom 14% | Bottom 2% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 71 Quayside Cove, Winnipeg
Section 1: Key Characteristics & Appeal
This 1989 bi-level home at 71 Quayside Cove in Island Lakes is a compact, efficiently sized property on a standard residential lot. Its primary appeal lies in its position as a relatively affordable entry point into a well-established neighborhood. With 843 sqft of living space, it is notably smaller than most homes on its street and in Island Lakes, but this translates to a lower assessed value ($360k) that sits below the local average. The home features a renovated basement, adding functional space.
The property would suit first-time buyers or downsizers seeking manageable upkeep and lower property taxes without leaving a desirable area. It also presents a potential value opportunity for investors or renovators, as the land value and neighborhood fundamentals are solid, while the home's size and below-average valuation leave room for future appreciation, especially if the interior is modernized. A thoughtful perspective is that, while small, its above-average year-built ranking on the street suggests it is among the newer homes in its immediate cluster, potentially meaning fewer major age-related issues than older neighbors.
Section 2: Frequently Asked Questions
1. Is the home actually as small as the data suggests?
Yes. At 843 sqft, the living area is significantly below the averages for Quayside Cove (1,225 sqft) and the wider Island Lakes area (1,635 sqft). The renovated basement does provide additional usable space.
2. Why is the assessed value lower than the street average?
The assessed value of $360k is below the $400k average for Quayside Cove, largely reflecting the home's smaller size. Assessments typically factor in living area, age, and condition.
3. What does the "above average" year built ranking mean?
Built in 1989, this home is newer than most on its street (ranking 9th newest out of 41). This can be an advantage, suggesting potentially updated building materials and systems compared to older homes in the area.
4. How reliable is the sold price history shown?
The listed sale from 2019 ($29.5k-$32.5k) is a range based on public data. The exact sale price requires a direct email request to the site, which they provide manually without marketing spam.
5. Who are the most likely buyers for this property?
It is best suited for budget-conscious buyers prioritizing location over size, such as first-time entrants to the Island Lakes area, empty-nesters looking to downsize, or investors considering a hold-or-renovate strategy due to its foundational lot and neighborhood value.
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