68.5
Good
Property score
68.5
Good
Overall 68.5
Smaller and older than most nearby homes
1,055 sqft (bottom 5%)
Built in 1986 (9 yrs older than avg)
Located in a high-income area
with median household income of ~98k
Transit 92.0
3-min walk to transit with 5 nearby routes
Within 500m: 1 dining spot, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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68.5 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: #46111195
$98K
Median household income
$110K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
22%
Single-person households
32%
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 Tidal Cove — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 180 m), 1 parks (nearest 484 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 33% | Top 40% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 50 Tidal Cove, Island Lakes
Section 1: Key Characteristics & Appeal
This home is a 1986, three-level split with 1,055 sqft of living space and a renovated basement, situated on a generous 6,729 sqft lot in Island Lakes. Its key appeal lies in its position as a more accessible entry point into a well-established neighbourhood. While the house itself is notably compact compared to others on its street and in Island Lakes, its assessed value reflects this, offering a price point below the local averages. The renovated basement adds functional living space, and the lot size is above average for both the neighbourhood and the city, presenting a valuable outdoor canvas relative to the home's footprint.
It would suit first-time buyers or downsizers seeking a foothold in a mature area without the premium for larger square footage. The property is also a practical candidate for those who value a larger yard over interior space or see potential in the existing renovation as a solid foundation for further personal updates. It’s a home that trades sheer size for lot proportion and location, appealing to pragmatic buyers.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 1,055 sqft, the living area is below the average for both Tidal Cove and the wider Island Lakes neighbourhood. This is a key factor in its pricing and represents a more compact option in the area.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is a municipal tax valuation, not a market price. However, the recent sold price history (fall 2024) shows a range close to this assessment, suggesting it may be a relevant benchmark, though market conditions always dictate the final sale price.
3. What does "below average" for year built in Island Lakes mean?
Built in 1986, this home is older than the average house in Island Lakes, where many homes are newer. On Tidal Cove itself and citywide, however, its age is around or above average. This indicates it's in an older pocket of the neighbourhood.
4. The lot seems large relative to the house. Is that unusual?
Yes. The lot is above average in size for both the neighbourhood and Winnipeg overall. This is a distinct feature, offering more outdoor space than is typical for a home of this square footage, which could be a major asset for gardening, play, or expansion.
5. What is the significance of the renovated basement?
The renovated basement adds finished living space to the home's total usable area, which is an important consideration given the main living area's compact size. It suggests some modern updates have been made, though the scope and quality of the renovation should be verified during a viewing.
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