3 Lakeview Cove

Built 2001Living Area 1,395 sqft
Map
↑
Near average1,395 sqft · top 56% in area · built 2001 · 2 yrs newer than avg
$
High-income areaMedian household income ~$141K · top tier income demographics
→
2-min walk to transit3 nearby routes · score 88/100
Score

Property score

Overall score
80.1● Good
How is the score calculated? ▼
Scores are weighted aggregates of property attributes (size, age, lot, sales activity) and community signals from the 2021 Statistics Canada census (income, education, housing stress, employment). 100 = top of metric within Winnipeg.
Property Score
73.9
Good
Living area
71
Year built
87
Sales activity
32
Community Score
89.5
Excellent
Income
93
Education
82
Housing
83
Core need
100
Employment
83
Rankings

How it stacks up

Each metric compared against 20 homes on Lakeview Cove, 137 in Island Lakes, and 26,841 citywide. Polygon points further from the centre = better rank.
Living Area
1,395 sqft
● BELOW AVERAGE
StreetBottom 15%AreaBottom 44%CityTop 14%
Same street
Bottom 15%
#17 / 20
Same area
Bottom 44%
#77 / 137
Citywide
Winnipeg
Top 14%
#3,638 / 26,841
Tax-Assessed Value
455 k
● BELOW AVERAGE
StreetBottom 40%AreaBottom 42%CityTop 8%
Same street
Bottom 40%
#12 / 20
Same area
Bottom 42%
#80 / 137
Citywide
Winnipeg
Top 8%
#2,254 / 26,841
Year Built
2001
● NEAR AVERAGE
StreetTop 5%AreaTop 37%CityTop 41%
Same street
Top 5%
#1 / 20
Same area
Top 37%
#51 / 137
Citywide
Winnipeg
Top 41%
#10,900 / 26,841
How rankings work — each polygon vertex is the property's percentile rank within that scope. Further from the centre = better.
Detailed ranking analysis ▼
3 Lakeview Cove: Living Area Analysis

Street Level (Lakeview Cove): Below Average. Ranked #17 out of 20 (Bottom 15%). The street average for comparable homes is 1,397 sqft.

Neighborhood Level (Island Lakes): Below Average. Ranked #77 out of 137 (Bottom 44%). The neighborhood average for comparable homes is 1,510 sqft.

Citywide Level (Winnipeg): Above Average. Ranked #3,638 out of 26,841 (Top 14%). The citywide average for comparable homes is 1,042 sqft.

3 Lakeview Cove: Tax-Assessed Value Analysis

Street Level (Lakeview Cove): Below Average. Ranked #12 out of 20 (Bottom 40%). The street average for comparable homes is 454.6k.

Neighborhood Level (Island Lakes): Below Average. Ranked #80 out of 137 (Bottom 42%). The neighborhood average for comparable homes is 462.2k.

Citywide Level (Winnipeg): Above Average. Ranked #2,254 out of 26,841 (Top 8%). The citywide average for comparable homes is 276.9k.

3 Lakeview Cove: Year Built Analysis

Street Level (Lakeview Cove): Above Average. Ranked #1 out of 20 (Top 5%). The street average for comparable homes is 2000.

Neighborhood Level (Island Lakes): Around Average. Ranked #51 out of 137 (Top 37%). The neighborhood average for comparable homes is 1999.

Citywide Level (Winnipeg): Around Average. Ranked #10,900 out of 26,841 (Top 41%). The citywide average for comparable homes is 1990.

Market

Island Lakes market pulse

Past 14 years sales snapshot (~80% of all data)
Sold count
63
last 14 years
Median price
398.9k
14-year area median
Price per sqft
$334/sqft
area average
Avg build year
1999
area average
Market conditions · Winnipeg
Sales-to-New-Listings?
Seller's market
63.5%
Buyer'sBalancedSeller's
Sold
1,465
New listings
2,307
Sold above asking?
Last 7 days
Some over ask
33%
Below ask33% above
3 of 9 sold above asking
What this means
Upward pressure
Demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
2026-04

How to read: Share of sales in each ~$50k price band for “island lakes” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

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Weekly report
Winnipeg Real Estate Market Report — Jun 1–7, 2026
A tale of two timelines this week: nearly two-thirds of homes closed within 10 days at a steep over-asking premium, while everything that lingered past two weeks sold at a discount. The market is rewarding speed almost without exception.
Realtor recommended · 1 / 2
4 Bedrooms, Steps from U of M An Ideal Home for Living or Renting
In-depth Fort Richmond home review near University of Manitoba. 4-bed detached, 1,921 sqft, public sales records in 2016…
Read review →
Monthly report
Highest May Detached Average on Record $477,313
Winnipeg Real Estate Market Data · May 2026 : Average sets a record May, recovery signals converge — 2026's first month with sales above the 5-year average. Detached $477,313 (highest May on record) · Condo $294,703 (just shy of the 2025 record) Three "2026 firsts": sales above 5-yr avg · listings above last year · Condo sales above last year
Community deep dive

Who lives in this neighbourhood

Dissemination area #46111206 · Statistics Canada 2021 Census · Population 2712
2,712
Population (2021)
36.8
Median age
3.3
Avg household size
3,190 / km²
Population density
Distribution by household income band
10k-15k
1%
20k-25k
1%
25k-30k
1%
30k-35k
1%
35k-40k
1%
40k-45k
1%
45k-50k
1%
50k-60k
3%
60k-70k
2%
70k-80k
5%
80k-90k
4%
90k-100k
5%
100k-125k
14%
125k-150k
15%
150k-200k
24%
200k plus
21%
$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
73%
Labour participation
6%
Unemployment
Local · Day-to-day

Transit, amenities & safety

Everything within walking distance, plus crime and waste collection.

Nearby Amenities

Dining, education, healthcare, shopping & more

3 Lakeview Cove — 16 amenities found within 500 m, across 8 categories, including 8 dining (nearest 203 m), 1 healthcare (nearest 414 m), 1 shopping (nearest 339 m).

Search radius
🍽️Dining8
🏥Healthcare1
🛒Shopping1
🌳Parks1
💪Sports1
🏦Finance2
⛽Fuel Stations1
🏛️Government1

Crime & safety

Island Lakes · WPS public data
Full crime data →
Annual incidents
3
2026
vs. city average
-90%
▲ relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Violent
67% of incidents

Waste collection schedule

Local garbage, recycling, and yard waste pickup
Garbage
tuesday
Recycling
tuesday
Yard waste
tuesday b

We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 3 Lakeview Cove. No advertising. Data source details →

Related homes

Highlights & common questions

Is this home right for you?

Property highlights

Overall 80.1

Compared with neighbourhood average

1,395 sqft (bottom 44%)

Built in 2001 (2 yrs newer than avg)

Located in a high-income area

with median household income of ~141k

Transit 88.0

2-min walk to transit with 3 nearby routes

Within 500m: 8 dining spots, 1 healthcare facility, 1 shop, and 1 park nearby