Property score
85.3
Excellent
Overall 85.3 · Larger but older than most nearby homes
1,908 sqft (top 18%) · Built in 1986 (9 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 3 parks nearby
Living Area
Above average
17% larger than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 71%French · 5%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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85.3 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: #46110514
$106K
Median household income
$129K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
18%
Single-person households
31%
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
3 Waterside Cove — 4 amenities found within 500 m, across 2 categories, including 1 dining (nearest 208 m), 3 parks (nearest 334 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%
3 Waterside Cove: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 3 Waterside Cove, Island Lakes
Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighbourhood sits on a large, 7,650 sqft lot, placing it in the top tier for land size on its street. Built in 1986, the 1,908 sqft residence features an attached garage and a renovated basement. Its appeal lies in a combination of space, location, and value. The lot size is a significant asset, offering ample outdoor privacy and potential in a mature area. While the house itself is of average size for the street, the renovated basement adds modern, functional living space.
The property suits buyers looking for a grounded, long-term family home in a well-regarded neighbourhood without the premium of a brand-new build. It’s ideal for those who value a larger yard over a newer construction date and are comfortable with a home from the mid-80s. The strong rankings for lot size within Winnipeg suggest you are getting more land here than in most of the city, which is a less obvious but enduring value. Comparatively, its assessed value is healthy for the area, indicating a solid foundation for the asking price.
Frequently Asked Questions
1. How does the 1986 build year affect this home?
Homes from this era often have well-established landscaping and mature neighbourhood character. Buyers should plan for updates consistent with a 40-year-old property, such as windows, roof, or major systems, which can be factored into the offering price.
2. The living area is ranked average, but the lot is large. What does this mean for me?
This configuration prioritizes outdoor space. It’s perfect for families, gardeners, or anyone wanting room for a deck, play structure, or future addition. You’re buying substantial land with a comfortable, renovated house on it.
3. The assessed value seems low compared to the likely sale price. Why?
Municipal assessed value for tax purposes is not a direct marker of market value. It’s a useful benchmark to see how the city views the property relative to others. The sale price will be determined by current market conditions, the home’s updated condition, and its desirable lot size.
4. What is the neighbourhood of Island Lakes like?
Island Lakes is a mature, family-oriented community in southeast Winnipeg known for its curvilinear streets, lakes, and parks. It offers a blend of quiet residential living with good access to schools, shopping, and major routes.
5. Are the property taxes provided?
No, the exact annual property tax amount is not listed here. You can calculate an estimate by applying the City of Winnipeg’s current tax rate to the assessed value of $49,400, but contacting the listing agent for the most recent tax bill is recommended.
