Property score
83.1
Excellent
Overall 83.1 · Compared with neighbourhood average
1,595 sqft (bottom 45%) · Built in 1999 (4 yrs newer than avg)
Located in a high-income area with median household income of ~133k
Transit 62.0 · 4-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Near average
4 yrs newer than neighborhood avg.
Mother tongue
English · 70%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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83.1 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: #46111202
$133K
Median household income
$160K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
14%
Single-person households
38%
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
16 Coral Reef Cove — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 375 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 29% | Top 48% | Top 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 16 Coral Reef Cove, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 16 Coral Reef Cove is a well-situated, late-90s built property in the established Island Lakes neighborhood. With 1,595 sqft of living space and a renovated basement, it offers practical, move-in-ready space for a growing household or downsizers seeking single-level comfort. The attached garage and a 6,151 sqft lot provide everyday convenience and decent outdoor space.
Its primary appeal lies in its balanced and above-average positioning within the broader Winnipeg market. While the home is fairly typical for its immediate street and area in terms of size and value, it stands out city-wide for being newer, on a larger lot, and with a higher assessed value than most Winnipeg homes. This suggests a solid, modernized foundation in a desirable suburban setting. The renovated basement adds immediate functional value without the need for a major project.
This property would best suit pragmatic buyers looking for a comfortable family home in a mature neighborhood without paying a premium for the very largest homes on the block. It’s ideal for those who value a renovated lower level for extra living space or potential rental income, and who appreciate a home that holds strong investment characteristics (like its newer build year and above-average assessment) relative to the entire city.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
While its living space is near the area average, its assessed value is in the top 16% for Island Lakes, indicating it is viewed as a higher-value property, likely due to factors like its condition, renovations, and being newer than many area homes.
2. What is the significance of the sold price history from 2018?
The 2018 sale provides a historical benchmark, but the current assessed value is notably higher. This gap highlights market appreciation and the impact of the basement renovation, suggesting a need for a current market evaluation to determine today’s value.
3. Is the lot size a pro or a con?
At 6,151 sqft, the lot is slightly below the street average but remains above the city-wide average. It offers ample yard space for gardening or recreation without the extensive maintenance of a much larger lot, striking a practical balance.
4. What does "above average city-wide" practically mean for a buyer?
It means that compared to the entire Winnipeg housing stock, this home is newer, on a larger plot, and has a higher official value than most. This strong city-wide standing can be a positive factor for long-term resale and equity stability.
5. Who would benefit most from the renovated basement?
Beyond extra living space, the basement is a key asset for multi-generational families, those needing a home office or gym, or buyers considering a potential mortgage helper through a legal suite (subject to municipal approval).
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