39 Treasure Cove

Island Lakes, Winnipeg

Property score

85.3

Excellent

Overall 85.3 · Compared with neighbourhood average

1,632 sqft (top 50%) · Built in 1999 (4 yrs newer 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: 1 shop, 2 parks, and 1 fuel station nearby

Living Area

Near average

0% smaller than neighborhood avg.

Taon ng Paggawa

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)

Sold Count

654

Median price

580k

$/sqft

$348/sqft

Avg build year

1995

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Property score

85.3 is composed by the two sections below.

Property Score

82.5Excellent
Living Area1,632 sqft83Excellent
Taon ng Paggawa199984Excellent
Lupa9,732 sqft95Excellent
Neighbourhood Sales Activity32Low

Community Score

89.5Excellent
Household Income93Excellent
Education Level82Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Istatistika ng benta ng komunidad

Island Lakes

How to read: Share of sales in each ~$50k price band for “island lakes” (Detached na bahay (hindi 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: #46111206

Community deep dive

$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

Population, labour & age

Population (2021)2,712
Labour force participation rate73%
Median age36.8
Avg household size3.3
Unemployment rate6%
Population density3190 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households7%
Couple families with children54%
Median household income (2020)$141K

Housing

Renter households1%
Condominium dwellings8%
Median dwelling value (owners)$452K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority38%
Bachelor's or higher (25–64)43%
Mother tongue (1st)English · 64%
Mother tongue (2nd)French · 5%

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

Mga ranggo

Living Area

lampas sa average
1,632 sqft
0255075100
Same streetTop 47%Same areaTop 50%CitywideTop 24%
Same street · Treasure Cove
#8 / 17
Top 47% · Avg 1,599 sqft
Same area · Island Lakes
#1,053 / 2,119
Top 50% · Avg 1,635 sqft
Citywide · Winnipeg
#46,182 / 194,458
Top 24% · Avg 1,342 sqft

Assessed Value

lampas sa average
589k
0255075100
Same streetTop 12%Same areaTop 9%CitywideTop 9%
Same street · Treasure Cove
#2 / 17
Top 12% · Avg 508.7k
Same area · Island Lakes
#190 / 2,119
Top 9% · Avg 494.7k
Citywide · Winnipeg
#17,019 / 194,458
Top 9% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1999
0255075100
Same streetTop 35%Same areaTop 36%CitywideTop 18%

Lupa

lampas sa average
9,732 sqft
0255075100
Same streetTop 41%Same areaTop 9%CitywideTop 7%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

39 Treasure Cove — 4 amenities found within 500 m, across 3 categories, including 1 shopping (nearest 432 m), 2 parks (nearest 380 m).

Search radius
🛒Shopping1
🌳Parks2
Fuel Stations1

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%

Kasaysayan ng Benta

Naibenta 12/2024CA$550k–600k
Presyo ng benta

Parehong kalye

Top 9%

Parehong lugar

Top 8%

Buong lungsod

Top 8%

Related homes

Mga tampok at karaniwang tanong: 39 Treasure Cove, Winnipeg

Property Overview: 39 Treasure Cove, Island Lakes, Winnipeg

Key Characteristics & Appeal

This well-established home in the Island Lakes neighbourhood offers a practical and spacious family layout. Built in 1999, the 1,632 sqft house sits on a large, approximately 9,700 sqft lot, providing ample outdoor space that is notably larger than most in the city. A key feature is the renovated basement, adding valuable finished living area. The property includes both an attached and a detached garage, offering exceptional storage or workshop potential.

Its appeal lies in its solid positioning within a mature community. While the home's size is typical for its immediate street and area, it stands out for its above-average assessed value and very generous lot size when compared to Winnipeg as a whole. This suggests a property that has been maintained or updated in ways that are recognized in its valuation, all within a neighbourhood known for its lakes and pathways.

This home would best suit buyers looking for a move-in-ready property with room to grow, whether that's for a family needing space, a hobbyist appreciating the dual garages, or someone who values a sizable yard in a peaceful, established area without being on the city's outskirts.


Frequently Asked Questions

1. How does this home’s value compare to others?
The home’s assessed value is in the top 12% on its own street and the top 9% both in Island Lakes and citywide, indicating it is valued higher than most comparable properties, which often reflects updates, lot size, or specific desirable features.

2. Is the lot size unusual for the area?
Yes. While the lot is around average for Treasure Cove itself, it ranks in the top 9% within Island Lakes and the top 7% citywide, making it a notably large parcel for Winnipeg.

3. What does "renovated basement" typically mean here?
In a 1999 home, a renovated basement likely means the lower level has been finished into a comfortable living space, possibly including bedrooms, a family room, or a bathroom, adding significant functional square footage to the home.

4. Are two garages common for this style of home?
The combination of an attached and a detached garage is a valuable but less common feature, providing the convenience of direct access alongside separate space for projects, storage, or a vehicle.

5. How can I find out the exact past sale price?
The listed sale price range is based on public data. You can request the exact sale price history by emailing the listing service; they provide this detail manually and state they do not use email addresses for unsolicited marketing.

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