Property score
85.5
Excellent
Overall 85.5 · Compared with neighbourhood average
1,664 sqft (top 46%) · Built in 1999 (4 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 8-min walk to transit with 3 nearby routes · Within 500m: 1 healthcare facility, 1 shop, 1 park, and 1 fuel station nearby
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Near average
4 yrs newer than neighborhood avg.
Mother tongue
English · 64%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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85.5 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: #46111206
$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
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
31 Treasure Cove — 4 amenities found within 500 m, across 4 categories, including 1 healthcare (nearest 457 m), 1 shopping (nearest 391 m), 1 parks (nearest 336 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 | Top 18% | Top 14% | Top 10% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 45% | Top 45% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
31 Treasure Cove is a spacious two-storey home in Winnipeg's Island Lakes neighbourhood. Built in 1999, it offers 1,664 sqft of living space and a renovated basement. Its most significant feature is the generous 13,535 sqft lot, which ranks in the top 3% of properties in the entire city for land area. The home presents a compelling mix of established community charm and above-average space, both indoors and out.
Key Characteristics & Appeal
This home’s primary appeal lies in its exceptional outdoor space. The lot size is a rare find, especially within a mature, sought-after neighbourhood like Island Lakes. It offers tremendous potential for gardening, recreation, future additions, or simply enjoying private, expansive greenery. The living area is comfortably above average for the city, and the renovated basement adds functional living space. Recent sale history indicates steady value appreciation.
It would suit buyers who prioritize land over a brand-new build—those looking for a established community with large, private yards. It’s ideal for families, entertainers, or anyone with hobbies or pets that benefit from ample outdoor room. The home also represents a solid value proposition for a buyer willing to update interiors over time to customize a property with an already outstanding foundation.
Frequently Asked Questions
1. How does the lot size compare to typical homes?
The property’s lot of 13,535 sqft is exceptionally large. It’s more than double the average lot size in Winnipeg and ranks in the elite top 3% of homes citywide for land area.
2. What is the neighbourhood like?
Island Lakes is a mature, well-established neighbourhood in Winnipeg known for its parks, water features, and family-friendly atmosphere. It offers a blend of quiet residential streets and convenient access to amenities.
3. Has the home been updated recently?
The listing confirms the basement has been renovated. Prospective buyers should inquire about the age and condition of other major systems (roof, HVAC, windows) and the main floor interiors during a viewing.
4. What is the parking situation?
The home includes an attached garage. The vast driveway and lot also provide ample space for additional vehicle or recreational parking.
5. How does the value compare to nearby homes?
The home’s assessed value is above average for both Island Lakes and Winnipeg overall. Its recent sold price history suggests it has maintained strong market value relative to its peers, likely bolstered by its unique lot size.
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