72.1
Good
Property score
72.1
Good
Overall 72.1
Smaller and older than most nearby homes
1,112 sqft (bottom 7%)
Built in 1987 (8 yrs older than avg)
Located in a high-income area
with median household income of ~98k
Transit 92.0
2-min walk to transit with 5 nearby routes
Within 500m: 1 dining spot, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Below average
8 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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72.1 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: #46111195
$98K
Median household income
$110K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
22%
Single-person households
32%
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
26 Tidal Cove — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 92 m), 1 parks (nearest 462 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 1% | Bottom 3% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 26 Tidal Cove, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This 1987-built, three-level split home in Island Lakes offers a practical layout with a renovated basement and an attached garage. Its key appeal lies in its generous, above-average lot size of over 8,200 sqft, providing substantial outdoor space that is rare for the area and city-wide. With a living area of 1,112 sqft, the home itself is more compact and efficient than many neighbours, positioning it as a potentially lower-maintenance option.
The property suits first-time buyers, downsizers, or investors seeking an entry into a well-established neighbourhood without a premium for excessive square footage. Its assessed value is notably above average compared to the wider Winnipeg market, suggesting good value retention, yet it is priced below the Island Lakes average, indicating a relative opportunity within the suburb. The thoughtful perspective here is for the buyer who prioritizes land potential and location over a large interior, seeing the sizable yard as space for future enjoyment, expansion, or simply a private retreat.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living space is modest for the Island Lakes area, ranking in the smaller third of homes in the neighbourhood. This often translates to a more manageable property with lower utility costs and less upkeep.
2. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value for taxation purposes is above the city median but below the average for Island Lakes. Market conditions, the home’s updated condition, and its large lot will be larger factors in determining its sale price.
3. What does the large lot size mean for me?
The lot is significantly larger than most in Winnipeg and on this street. This is a major feature, offering ample space for gardening, play, pets, or potential additions like a shed or deck. It provides a sense of space uncommon in many suburban settings.
4. The home last sold in 2020. What should I consider?
The 2020 sale likely preceded major renovations to the basement. It’s important to understand the scope, quality, and permits for that work, as it has changed the home’s layout and functionality since that last transaction.
5. Who are the typical neighbours in this part of Island Lakes?
As a mature neighbourhood with homes primarily from the 1980s and 90s, you can expect a mix of long-term residents, growing families, and downsizers. The street has a range of home sizes, contributing to a varied streetscape.
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