Property score
81.2
Excellent
Overall 81.2 · Smaller than most nearby homes
1,456 sqft (bottom 27%) · Built in 1999 (4 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 62.0 · 5-min walk to transit with 1 nearby route · Within 500m: 1 healthcare facility, 1 shop, 2 parks, and 1 fuel station nearby
Living Area
Below average
11% smaller 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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81.2 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
55 Treasure Cove — 5 amenities found within 500 m, across 4 categories, including 1 healthcare (nearest 493 m), 1 shopping (nearest 415 m), 2 parks (nearest 408 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 22% | Top 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 55 Treasure Cove, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighbourhood offers a practical, renovated living space on a manageable lot. Built in 1999, the 1,456 sqft house features an attached garage and a renovated basement, providing modernized living areas. The property presents an interesting value profile: while its living space and lot size (6,323 sqft) are modest for its immediate street, its assessed value is strong compared to the wider Winnipeg market. This suggests a home that is well-maintained and updated relative to the city's older housing stock.
Its primary appeal lies in being a turn-key, mid-sized family home in a mature, sought-after neighbourhood without the premium lot size that often commands a higher price. It would suit first-time buyers or downsizers seeking a low-maintenance property in a convenient location, or value-conscious buyers who prioritize interior updates and city-wide equity over having the largest yard on the block. A thoughtful perspective is that this home represents a "sweet spot" for those who want the community benefits of Island Lakes but are comfortable with a more efficient, contemporary footprint.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The lot is 6,323 sqft, which is smaller than average for Treasure Cove but is actually slightly above the city-wide average for Winnipeg. It offers a manageable outdoor space typical of many newer suburban developments.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the home's full living space and quality.
3. Why is the assessed value higher than some nearby sold prices from 2020?
The assessed value is a municipal valuation for tax purposes, which considers factors like renovations and market trends. Sold prices from several years ago reflect a different market moment and may not account for recent updates to the property.
4. Is this home a good value compared to the rest of Winnipeg?
The data indicates that, city-wide, this home ranks in the top 26% for assessed value, suggesting it holds its value well compared to the broader market. Its appeal is its condition and neighbourhood within a competitive price tier.
5. How can I get the exact historical sold price for this home?
The exact sold price is not publicly displayed. As noted on the detail page, you can request this information directly via email from the site; they provide the accurate figure manually without using your email for marketing.
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