Property score
73.8
Good
Overall 73.8 · Smaller than most nearby homes
1,142 sqft (bottom 8%) · Built in 1989 (6 yrs older than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 6 dining spots, 3 parks, 1 sports facility, and 2 bank/ATMs nearby
Living Area
Below average
30% smaller than neighborhood avg.
Year Built
Below average
6 yrs older 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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73.8 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
34 Smuggler'S Cove — 14 amenities found within 500 m, across 6 categories, including 6 dining (nearest 311 m), 3 parks (nearest 142 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 4% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 34 Smuggler's Cove, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighbourhood presents a practical opportunity. With 1,142 sqft of living space, it is notably smaller than most homes on its street and within Island Lakes, but sits close to the city-wide average, offering a more manageable footprint. Its key feature is a renovated basement, adding functional living space. The home is also the newest build on Smuggler's Cove (1989), which can be appealing for maintenance considerations relative to its immediate neighbours.
Its primary appeal lies in its position as a relatively affordable entry point into a desirable, mature neighbourhood with an attached garage and good-sized lot (over 5,300 sqft). The below-average assessed value for the area suggests a potentially lower property tax burden compared to nearby homes. This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance home in a family-oriented area without the premium price tag of a larger Island Lakes property. It’s a home for those who value location and lot size over square footage, and who see the renovated basement as a key asset for extra living or recreational space.
Frequently Asked Questions
1. Is this house significantly smaller than others in the area?
Yes. The living area is below average for both Smuggler's Cove and the wider Island Lakes neighbourhood, ranking in the bottom 20% locally. However, it is very close to the average size for a Winnipeg home overall.
2. Why is the assessed value so much lower than the Island Lakes average?
The assessed value is in the bottom 3% for Island Lakes, reflecting its smaller size and potentially simpler finishes compared to the neighbourhood's typically larger, higher-value homes. This results in a correspondingly lower municipal property tax bill.
3. What does it mean that it's the "newest" on the street?
Built in 1989, this home is the most recently constructed among the 31 comparable properties on Smuggler's Cove. This can be an advantage, as major components like the roof, windows, and foundation may be newer or have undergone updates more recently than those of older neighbouring homes.
4. How accurate are the sold price ranges shown?
The listed price ranges are estimates based on publicly available data. To obtain the exact historical sale price, you must request it via email from the site. They provide this data manually and state they do not use email addresses for unsolicited marketing.
5. Who might this property not suit?
Buyers needing substantial above-ground living space, or those who prioritize having a home that is larger or of equal size to most others on the block, may find it limiting. It's best for those comfortable with a more compact main floor plan, offset by the additional basement space.
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