Property score
89.5
Excellent
Overall 89.5 · Larger than most nearby homes
2,030 sqft (top 11%) · Built in 1999 (4 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 52.0 · 6-min walk to transit with 1 nearby route · Within 500m: 1 shop, 2 parks, and 1 fuel station nearby
Living Area
Above average
24% 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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89.5 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
43 Treasure Cove — 4 amenities found within 500 m, across 3 categories, including 1 shopping (nearest 448 m), 2 parks (nearest 406 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 36% | Top 29% | Top 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 43 Treasure Cove, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes is a standout property defined by its generous space and premium lot. Built in 1999, the house itself offers over 2,000 square feet of living area, placing it in the top 10% of homes in Winnipeg for size. Its appeal is significantly enhanced by a fully renovated basement, adding functional living space. The most distinctive feature is the land: at approximately 12,600 square feet, the lot is exceptionally large, ranking in the top 3% for the entire city. This provides rare potential for privacy, gardening, expansion, or recreation that is hard to find in newer subdivisions.
The home’s assessed value of $590,000 reflects its premium positioning. It suits buyers who prioritize indoor-outdoor living and need room to grow, whether for a family, home office, or hobbies. It’s ideal for someone looking for a established, spacious home in a sought-after neighbourhood without compromising on yard size. A thoughtful perspective is that while the home is from the late '90s, its above-average lot size is a permanent asset that newer builds in the area simply cannot replicate, offering long-term value that transcends interior design trends.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a key feature. At 12,620 sqft, it is significantly larger than the average Winnipeg lot (~6,570 sqft) and is in the elite top 3% for the city. In Island Lakes specifically, it ranks in the top 3% of all properties.
2. What is the condition of the basement?
The listing specifies the basement has been renovated. Prospective buyers should inquire about the scope, permits, and finish quality of this renovation during viewings.
3. Is the sold price history available?
The exact sold price history is not publicly displayed. The listing service offers to provide accurate past sold prices via email upon request, with data from 2016 onward.
4. What is the neighbourhood like for families?
Island Lakes is a mature, established neighbourhood in Winnipeg known for its lakes, pathways, and community feel. The location on a quiet cove within the area adds to its family-friendly appeal.
5. How does the home’s value compare to others on the street?
With an assessed value of $590,000, this property ranks #1 out of 17 homes on Treasure Cove for value, placing it in the top 6%. It is assessed above the street's average.
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