3 Forest Cove Drive

Inkster Gardens, Winnipeg

Property score

73.1

Good

Overall 73.1 · Compared with neighbourhood average

1,232 sqft (bottom 38%) · Built in 1984 (15 yrs older than avg)

Located in a high-income area with median household income of ~111k

Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 school, 2 parks, and 1 place of worship nearby

Living Area

Below average

13% smaller than neighborhood avg.

Year Built

Below average

15 yrs older than neighborhood avg.

Mother tongue

English · 45%Tagalog · 20%

Past 10 years Inkster Gardens sales snapshot (~80% of all data)

Sold Count

540

Median price

447.1k

$/sqft

$350/sqft

Avg build year

1999

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Property score

73.1 is composed by the two sections below.

Property Score

68.6Good
Living Area1,232 sqft66Good
Year Built198473Good
Lot Size5,829 sqft74Good
Neighbourhood Sales Activity65Good

Community Score

79.8Good
Household Income89Excellent
Education Level54Fair
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health52Fair

Neighbourhood Sales

Inkster Gardens

How to read: Share of sales in each ~$50k price band for “inkster gardens” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110200

Community deep dive

$111K

Median household income

$123K

Average household income

5%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.6

P90 / P10 ratio

8%

Single-person households

38%

Families with children

Population, labour & age

Population (2021)585
Labour force participation rate61%
Median age42.8
Avg household size3.3
Unemployment rate13%
Population density3656 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households8%
Couple families with children38%
Median household income (2020)$111K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority64%
Bachelor's or higher (25–64)25%
Mother tongue (1st)English · 45%
Mother tongue (2nd)Tagalog · 19%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,232 sqft
0255075100
Same streetTop 44%Same areaBottom 38%CitywideTop 47%
Same street · Forest Cove Drive
#24 / 54
Top 44% · Avg 1,252 sqft
Same area · Inkster Gardens
#900 / 1,446
Bottom 38% · Avg 1,422 sqft
Citywide · Winnipeg
#91,561 / 194,458
Top 47% · Avg 1,342 sqft

Tax-Assessed Value

around average
389k
0255075100
Same streetTop 48%Same areaBottom 33%CitywideTop 41%
Same street · Forest Cove Drive
#26 / 54
Top 48% · Avg 390.9k
Same area · Inkster Gardens
#976 / 1,446
Bottom 33% · Avg 454.9k
Citywide · Winnipeg
#80,204 / 194,458
Top 41% · Avg 390.1k

Year Built

above average
1984
0255075100
Same streetBottom 46%Same areaBottom 31%CitywideTop 30%

Lot Size

above average
5,829 sqft
0255075100
Same streetTop 9%Same areaTop 18%CitywideTop 36%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

3 Forest Cove Drive — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 479 m), 2 parks (nearest 205 m).

Search radius
🏫Education1
🌳Parks2
Worship1

Crime & Safety

Inkster Gardens · WPS public data · 2026

Annual incidents

4

2026

vs. city avg

-86%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

75%

Sales History

Sold 11/2022CA$350k–400k
Sold price

Same street

Top 38%

Same area

Bottom 41%

City-wide

Top 41%

Related homes

Highlights & common questions: 3 Forest Cove Drive, Winnipeg

Property Overview

This one-storey home at 3 Forest Cove Drive in Inkster Gardens presents a practical and straightforward opportunity. Built in 1984, its key appeal lies in its generous 5,829 sqft lot, which is notably larger than most in the immediate area and on the street itself. The house, with 1,232 sqft of living space and an attached garage, sits on a foundation of solid averages—its living area, assessed value, and year built are all consistently mid-range for its neighbourhood and city-wide. The basement exists but is noted as not renovated, offering potential for future customization. This is a home that doesn’t stand out for luxury finishes or size, but for offering a stable, average-sized house on an above-average piece of land in a mature community.

Its appeal is grounded in value and potential. It would suit a first-time buyer looking for an affordable entry into homeownership with room to grow outdoors, or a pragmatic investor seeking a stable rental property. The larger lot is a significant asset for those who value private outdoor space, garden potential, or simply more distance from neighbours than is typical for the area. It’s a property for someone comfortable with a home that is functional as-is but who sees the value in the land and the possibility of gradual updates.


Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s assessed value is very typical for Forest Cove Drive and the wider Inkster Gardens neighbourhood, placing it in the middle of the pack. This suggests it is priced in line with community norms, not as a premium or a fixer-upper discount.

2. What does "above average" land area mean for this lot?
The lot is over 5,800 sqft, ranking in the top 9% on its own street and top 18% in Inkster Gardens. In practical terms, this means more backyard space, greater distance from adjacent homes, and potentially more flexibility for additions, sheds, or landscaping than many comparable properties.

3. Is the basement finished or usable?
The listing specifies the basement is "not renovated." It is present and likely offers storage and utility space, but it should be considered unfinished living area awaiting customization.

4. How updated is this 1984 home?
The listing does not detail specific renovations. Given its average assessed value and the note about the basement, buyers should anticipate a home with original or older core components (like roofing, windows, HVAC) that may be functional but are reaching a typical lifespan for replacement.

5. What is the neighbourhood like for a family?
Inkster Gardens is a mature, established neighbourhood. The consistent, average metrics for home size and value on the street suggest a stable community without extreme highs or lows, which can be appealing for long-term consistency. Proximity to nearby schools and amenities would require further local research.

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