Property score
80.1
Excellent
Overall 80.1 · Smaller than most nearby homes
1,319 sqft (bottom 20%) · Built in 1989 (6 yrs older than avg)
Located in a high-income area with median household income of ~141k
Transit 64.0 · 6-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
19% 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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80.1 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
126 Smuggler'S Cove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 297 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 13% | Top 16% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This single-storey home at 126 Smuggler's Cove in Island Lakes presents a distinct value proposition. Its key appeal lies in a combination of a generous, above-average lot size and a top-tier assessed value for its immediate street, suggesting strong underlying property value relative to neighbors. The home itself, at 1,319 sqft, is more modest in size compared to others on the street and in the neighborhood, but it benefits from a renovated basement. Built in 1989, it is among the newer homes in its local context.
This property would suit practical buyers who prioritize land space and solid property assessment over sheer interior square footage. It's ideal for those looking for a manageable single-level layout with expansion potential via the finished basement, or for someone who sees value in a home that stands out on its street for its official valuation rather than its footprint. The attached garage and quiet cul-de-sac setting add to its family-friendly appeal.
Frequently Asked Questions
How does the home's size compare to others in the area?
The living space is below the average for both Smuggler's Cove and the wider Island Lakes neighborhood. However, it is very close to the average size for a home across the entire city, indicating a fairly standard interior layout for Winnipeg.
What does the "Elite" assessed value ranking on the street mean?
This means that for its street, this home has the highest assessed value rank (1 out of 31). This often reflects factors like lot size, improvements, and condition relative to immediate neighbors, and can be a positive indicator for property value stability.
Is the lot size a significant feature?
Yes. The land area of over 8,000 sqft is consistently above average—ranking in the top 16% on the street, in Island Lakes, and citywide. This offers more outdoor space than many comparable properties.
What should I know about the year built (1989)?
While 37 years old, it is ranked as "Elite" for its street because it is one of the newest homes there. This suggests the surrounding houses are generally older, so this home may have newer core systems or construction standards than many on the block.
Why is the sold price history shown as a range?
The displayed price ranges are estimated from public data. To obtain the exact historical sold price for precise market analysis, you can request it directly via email from the listing service.
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