62 Forest Cove Drive

Inkster Gardens, Winnipeg

Property score

66.2

Good

Overall 66.2 · Smaller than most nearby homes

1,040 sqft (bottom 23%) · Built in 1984 (15 yrs older than avg)

Located in a high-income area with median household income of ~96k

Transit 74.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 1 school, 3 parks, and 1 place of worship nearby

Living Area

Below average

27% smaller than neighborhood avg.

Year Built

Below average

15 yrs older than neighborhood avg.

Mother tongue

English · 48%Punjabi · 18%

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

66.2 is composed by the two sections below.

Property Score

59.1Fair
Living Area1,040 sqft52Fair
Year Built198473Good
Lot Size5,397 sqft67Good
Neighbourhood Sales Activity65Good

Community Score

76.8Good
Household Income83Excellent
Education Level63Fair
Housing Stress83Excellent
Core Housing Need76Good
Employment Health68Good

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: #46110201

Community deep dive

$96K

Median household income

$94K

Average household income

16%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.0

P90 / P10 ratio

7%

Single-person households

40%

Families with children

Population, labour & age

Population (2021)705
Labour force participation rate67%
Median age32.8
Avg household size3.4
Unemployment rate9%
Population density5035 / km²

Households & income

Low income (LIM-AT, % pop.)16%
Single-person households7%
Couple families with children40%
Median household income (2020)$96K

Housing

Renter households37%
Condominium dwellings0%
Median dwelling value (owners)$324K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority74%
Bachelor's or higher (25–64)30%
Mother tongue (1st)English · 48%
Mother tongue (2nd)Punjabi · 18%

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

Rankings

Living Area

around average
1,040 sqft
0255075100
Same streetBottom 24%Same areaBottom 23%CitywideBottom 32%
Same street · Forest Cove Drive
#41 / 54
Bottom 24% · Avg 1,252 sqft
Same area · Inkster Gardens
#1,119 / 1,446
Bottom 23% · Avg 1,422 sqft
Citywide · Winnipeg
#132,478 / 194,458
Bottom 32% · Avg 1,342 sqft

Tax-Assessed Value

around average
347k
0255075100
Same streetBottom 11%Same areaBottom 9%CitywideBottom 45%
Same street · Forest Cove Drive
#48 / 54
Bottom 11% · Avg 390.9k
Same area · Inkster Gardens
#1,311 / 1,446
Bottom 9% · Avg 454.9k
Citywide · Winnipeg
#106,636 / 194,458
Bottom 45% · Avg 390.1k

Year Built

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

Lot Size

above average
5,397 sqft
0255075100
Same streetTop 13%Same areaTop 28%CitywideTop 46%

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

62 Forest Cove Drive — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 352 m), 3 parks (nearest 339 m).

Search radius
🏫Education1
🌳Parks3
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 6/2021CA$300k–350k
Sold price

Same street

Bottom 38%

Same area

Bottom 25%

City-wide

Bottom 46%

Related homes

Highlights & common questions: 62 Forest Cove Drive, Winnipeg

Property Summary: 62 Forest Cove Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This single-storey home in Inkster Gardens is a practical property defined by its balance of space and value. Built in 1984, it offers 1,040 sqft of living space with a renovated basement, sitting on a notably generous 5,397 sqft lot for its immediate area. Its appeal lies in its position as a grounded, entry-level opportunity. The assessed value is modest relative to both the street and neighbourhood, suggesting a potentially accessible price point. The lot size is a standout feature, offering above-average outdoor space for the community, which is a relative rarity.

This home would suit first-time buyers, downsizers looking for a manageable single-level layout, or value-focused investors. It’s for someone who prioritizes land size and a functional layout over a large interior footprint or modern construction. The renovated basement adds flexible living space, compensating for the main floor area being slightly below the local average. It represents a chance to enter the market in a stable neighbourhood without a premium price, with the land itself offering long-term utility or potential.

Section 2: Frequently Asked Questions

1. How does the property’s value compare?
The home’s assessed value is below the average for both Forest Cove Drive and the wider Inkster Gardens area, but sits close to the city-wide average. This indicates it may be priced more accessibly within its immediate locale.

2. What is the significance of the lot size?
At over 5,300 sqft, the lot is larger than most on the street and in the neighbourhood. This is a key advantage, providing more private outdoor space than is typical for comparable homes, which could be used for gardening, recreation, or future expansion.

3. Is the living space small?
At 1,040 sqft, the main living area is below the current average for Inkster Gardens. However, the inclusion of a renovated basement significantly expands the usable space, making the overall footprint more practical for daily living.

4. What can the sold history tell me?
The home sold in June 2021 for an estimated range of $30.5k to $33.5k. This recent transaction provides a concrete benchmark for its market value at that time, which is crucial for understanding its price trajectory.

5. Who are the typical neighbours or buyers here?
The property is on a street with very similar homes from the same era, suggesting a consistent, established community. Given its profile, it likely appeals to pragmatic buyers seeking functionality and lot size over luxury, or those looking for a home with a finished basement ready for use.

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