Property score
83.6
Excellent
Overall 83.6 · Newer than most nearby homes
1,751 sqft (top 38%) · Built in 2004 (9 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 school, and 2 parks nearby
Living Area
Near average
7% larger than neighborhood avg.
Year Built
Above average
9 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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83.6 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
50 Lands End Cove — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 300 m), 2 parks (nearest 269 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 25% | Bottom 33% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 50 Lands End Cove, Island Lakes, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home in the established Island Lakes neighborhood presents a compelling mix of space, location, and value. With 1,751 sqft of living space, it offers more room than the average Winnipeg home, providing ample space for a growing family or those who appreciate extra room to spread out. A key feature is the renovated basement, which adds functional living area and modern appeal. The home, built in 2004, is newer than most in the city, suggesting potentially fewer major maintenance concerns in the near term compared to older properties.
Its appeal is rooted in its position as a solid, above-average citywide property within a desirable neighborhood. While it sits on a smaller lot for the immediate street and Island Lakes area, this often translates to less yard maintenance. The attached garage is a practical asset for Winnipeg winters. The home’s assessed value is notably higher than the city median, but is competitive within Island Lakes itself, indicating you are paying for a sought-after location.
This property would suit practical buyers looking for a move-in ready family home in a mature community with amenities, who prioritize interior space and updates over having a large yard. It’s also a sensible choice for those who see value in a home that ranks well against the broader city market, even if it’s more modest within its own prestigious enclave.
Frequently Asked Questions
1. How does the property’s value compare to its neighbors?
The home’s assessed value is below the average for Lands End Cove itself, but is very close to the average for the wider Island Lakes neighborhood. This suggests it may offer relative value within this specific, well-regarded street.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, the permits pulled for the work, and whether it includes a legal secondary suite or additional bedrooms.
3. Is the smaller lot size a significant drawback?
At 4,628 sqft, the lot is smaller than most on the street and in Island Lakes. This means less private outdoor space and potentially closer proximity to neighbors, but also significantly reduced yard maintenance—a plus for many busy households.
4. How current are the interior finishes given the 2004 build date?
While the structure is 22 years old, the renovated basement indicates some updates. Viewings are essential to gauge the condition and modernity of the main living areas, kitchen, and bathrooms to understand any immediate update needs.
5. Where can I find exact historical sale prices?
The listed sale history from 2016 shows a range. For precise sale figures, you must request the information directly from SaveOnHouse via the email button provided on the listing page; they provide this data manually at no cost.
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