Property score
85.8
Excellent
Overall 85.8 · Newer than most nearby homes
1,610 sqft (bottom 47%) · Built in 2001 (6 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 60.0 · 9-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Above average
6 yrs newer 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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85.8 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
11 Treasure Cove — 9 amenities found within 500 m, across 6 categories, including 2 dining (nearest 440 m), 1 healthcare (nearest 408 m), 1 shopping (nearest 331 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 27% | Top 18% | Top 12% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 27% | Bottom 32% | Top 33% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 27% | Top 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 11 Treasure Cove, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes offers a balanced and practical living proposition. Its key characteristic is a generous, above-average lot size of over 10,700 sqft, placing it in the top 5% of lots within the neighbourhood and city-wide. This provides significant outdoor space and potential. The living area of 1,610 sqft is comfortably sized, aligning with the local average. A renovated basement and attached garage add functional appeal.
The home’s primary appeal lies in its established yet relatively newer construction (built 2001) within a mature, sought-after neighbourhood. It represents a "goldilocks" scenario: not the largest home on the street, but sitting on a premium lot that is increasingly rare. Recent sold price trends suggest growing market recognition of its value. This property would suit buyers looking for a family-ready home in a stable community who prioritize generous outdoor space over a maximized interior footprint. It’s also a sensible fit for those who appreciate a home that is modern enough to avoid major immediate renovations but has the character and space of an established area.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The lot is a standout feature. At 10,786 sqft, it is significantly larger than most in Island Lakes (top 5% in the neighbourhood) and across Winnipeg, offering exceptional outdoor space.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is a municipal tax tool. Recent sold data shows the home has traded well above its assessed value, indicating strong market demand that isn't fully reflected in that figure.
3. What is the home’s condition relative to others on the street?
Built in 2001, it is newer than most on its street (top 12%) and in the wider city. The mention of a renovated basement suggests updates have been made, though a full inspection is recommended.
4. How has the property’s value changed over time?
Available sold price ranges show a clear upward trend from 2016 to 2024, with the most recent sale positioned in a higher percentile ranking compared to earlier sales, indicating appreciating value.
5. What are the trade-offs of this property?
The home offers a premium lot but with a living area that is average for the immediate area. Buyers gain exceptional outdoor space but should ensure the interior layout and size meet their needs, as the value is weighted toward the land.
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