Property score
72.7
Good
Overall 72.7 · Smaller and older than most nearby homes
1,112 sqft (bottom 7%) · Built in 1987 (8 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 1 dining spot, 1 park, and 1 place of worship nearby
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Below average
8 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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72.7 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
62 Tidal Cove — 3 amenities found within 500 m, across 3 categories, including 1 dining (nearest 245 m), 1 parks (nearest 460 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 25% | Top 33% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 62 Tidal Cove, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This 3-level split home, built in 1987, presents a compelling mix of space, value, and potential. Its most defining feature is the exceptionally large lot—over 17,400 sqft—which ranks in the top 3% on its street and the top 1% in the Island Lakes area. This offers rare privacy and ample room for gardens, recreation, or future expansion. The living area (1,112 sqft) is modest compared to nearby homes but is efficiently laid out across multiple levels. Key features include a renovated basement and an attached garage.
The primary appeal lies in its land value and established neighborhood setting. It suits buyers who prioritize outdoor space over a large interior footprint, such as those looking for a starter home with room to grow, gardening enthusiasts, or anyone seeking a quiet, generous yard in a mature community. The property’s assessed value is strong relative to the city, suggesting good underlying value. It’s a practical choice for someone willing to potentially update the living spaces over time to capitalize on the outstanding lot.
Section 2: Frequently Asked Questions
1. Is the lot size typical for Island Lakes?
No, it is exceptional. At 17,443 sqft, it is more than double the average lot size for the area and ranks in the top 1% of homes in Island Lakes.
2. How does the home's size compare to others on the street?
The living space is below average for Tidal Cove. Most comparable homes on the street are larger, averaging about 1,490 sqft.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing or inquiry with the seller is necessary to determine the finishes, layout, and if it includes a legal suite or additional bedrooms.
4. The home was last sold in March 2022. What does that mean for a buyer today?
The 2022 sale provides a recent price benchmark, but market conditions have likely changed. This history is useful for understanding trends, but the current market value will be determined by recent comparable sales, condition, and demand.
5. Given the large lot, are there any restrictions on what can be built?
This is a key question. While the lot offers great potential, any new structures, additions, or pools would require permits and must comply with local zoning bylaws. Checking with the City of Winnipeg regarding setbacks and permissible building coverage is highly recommended.
