3 De Caigny Cove

Island Lakes, Winnipeg

Property score

88.5

Excellent

Overall 88.5 · Larger than most nearby homes

2,067 sqft (top 9%) · Built in 1993 (2 yrs older than avg)

Located in a high-income area with median household income of ~133k

Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby

Living Area

Above average

26% larger than neighborhood avg.

Year Built

Near average

2 yrs older than neighborhood avg.

Mother tongue

English · 70%French · 6%

Past 10 years Island Lakes sales snapshot (~80% of all data)

Sold Count

654

Median price

580k

$/sqft

$348/sqft

Avg build year

1995

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Property score

88.5 is composed by the two sections below.

Property Score

87.0Excellent
Living Area2,067 sqft94Excellent
Year Built199381Excellent
Lot Size6,645 sqft85Excellent
Neighbourhood Sales Activity32Low

Community Score

90.8Excellent
Household Income92Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Neighbourhood Sales

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.

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: #46111202

Community deep dive

$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

Population, labour & age

Population (2021)748
Labour force participation rate75%
Median age44.8
Avg household size2.8
Unemployment rate6%
Population density2412 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households14%
Couple families with children38%
Median household income (2020)$133K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$472K

Diversity, education & language

Immigrants (share of pop.)16%
Visible minority17%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 70%
Mother tongue (2nd)French · 6%

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

Rankings

Living Area

above average
2,067 sqft
0255075100
Same streetTop 23%Same areaTop 9%CitywideTop 9%
Same street · De Caigny Cove
#9 / 40
Top 23% · Avg 1,795 sqft
Same area · Island Lakes
#197 / 2,119
Top 9% · Avg 1,635 sqft
Citywide · Winnipeg
#18,042 / 194,458
Top 9% · Avg 1,342 sqft

Tax-Assessed Value

above average
477k
0255075100
Same streetBottom 22%Same areaBottom 44%CitywideTop 24%
Same street · De Caigny Cove
#31 / 40
Bottom 22% · Avg 542.9k
Same area · Island Lakes
#1,189 / 2,119
Bottom 44% · Avg 494.7k
Citywide · Winnipeg
#45,953 / 194,458
Top 24% · Avg 390.1k

Year Built

above average
1993
0255075100
Same streetTop 8%Same areaBottom 48%CitywideTop 21%

Lot Size

above average
6,645 sqft
0255075100
Same streetBottom 43%Same areaTop 29%CitywideTop 20%

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

3 De Caigny Cove — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 355 m).

Search radius
🌳Parks2

Crime & Safety

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%

Sales History

Sold 9/2023CA$450k–500k
Sold price

Same street

Bottom 38%

Same area

Top 43%

City-wide

Top 22%

Related homes

Highlights & common questions: 3 De Caigny Cove, Winnipeg

Property Overview: 3 De Caigny Cove, Island Lakes

Key Characteristics & Appeal

This 4-level split home, built in 1993, offers a distinct profile in the Island Lakes neighborhood. Its primary strength is generous living space. At 2,067 sqft, the home is notably larger than most comparable properties on its street, in the area, and across Winnipeg, placing it in the top 9-23% for size. This is complemented by a renovated basement and an attached garage. The lot size of 6,645 sqft is comfortably above the city-wide average, providing good outdoor space.

The appeal here is rooted in value and space. The home's assessed value is positioned below the street average and around the neighborhood average, which may present an opportunity for buyers seeking more square footage for their investment. It suits practical buyers—growing families or those who work from home and need ample, defined living areas across its split levels. It also fits those who prefer established, mature neighborhoods with larger homes from the 1990s, without paying a premium for a newer build. A less obvious perspective is that its "below-average" assessment for the street could indicate room for value growth, especially if the interior updates are well-maintained.

Frequently Asked Questions

1. Is the sold price from 2023 a reliable indicator of current value?
The listed sold price range from September 2023 is a historical data point. Market conditions have likely changed since then, so it should be used as a reference, not a definitive current value. A professional appraisal or comparative market analysis is recommended.

2. How does the assessed value relate to the market price?
The assessed value ($47.70k) is for municipal tax purposes and is typically much lower than the market price. The key takeaway is its relative position: it's below the street average, which can be a positive sign for property taxes relative to the home's size.

3. What does the "Top X%" ranking mean for living space?
Rankings compare this home to specific groups. For example, being in the "Top 9%" city-wide for living area means 91% of comparable Winnipeg homes are smaller. This quantifies that this property offers above-average interior space.

4. Are there any concerns with a 1993 build?
A 1993 home is newer than most in Winnipeg. However, it is now over 30 years old. Key systems (roof, HVAC, windows) may be nearing or past their typical lifespan, so a thorough inspection is advised to anticipate maintenance.

5. Why is the land area ranking for the street only "average" when the lot seems large?
The lot is a good size overall (6,645 sqft). The "around average" ranking on its own street simply indicates that lots on De Caigny Cove are generally large, with the street average being even bigger (8,191 sqft). It still outperforms most lots in the wider area and city.

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