Property score
81.7
Excellent
Overall 81.7 · Smaller than most nearby homes
1,410 sqft (bottom 25%) · Built in 1999 (4 yrs newer than avg)
Located in a high-income area with median household income of ~133k
Transit 52.0 · 6-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Below average
14% smaller than neighborhood avg.
Year Built
Near average
4 yrs newer than neighborhood avg.
Mother tongue
English · 70%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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81.7 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: #46111202
$133K
Median household income
$160K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
14%
Single-person households
38%
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
65 Coral Reef Cove — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 437 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 43% | Top 33% | Top 18% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Bottom 41% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 65 Coral Reef Cove, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in Island Lakes is a practical, renovated property that stands out for its value proposition within the wider city context. Built in 1999, it is a relatively newer home compared to the Winnipeg average. The 1,410 sqft living space is modest for the immediate street and neighbourhood, placing it below local averages, but it is close to the typical size citywide. Its key updated feature is a renovated basement, adding functional living space. The lot is a standard suburban size at just over 6,200 sqft.
The primary appeal lies in its efficient use of space and its position as a more affordable entry point into the established, family-friendly Island Lakes community. While it ranks below average in size and assessed value within its own cul-de-sac (Coral Reef Cove), its citywide rankings tell a different story: it sits above average for assessed value and year built compared to all Winnipeg homes. This creates a unique dynamic—it’s a smaller home on its street, but a competitively priced and modern one in the broader market. It would suit first-time buyers, downsizers, or value-focused families who prioritize location in a mature neighbourhood with amenities over a maximized floor plan. The renovated basement adds flexibility for a home office, gym, or extra living area.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
Citywide data shows this home’s assessed value ranks in the top 29%, meaning it is valued higher than about 71% of homes in Winnipeg. This indicates strong underlying value for a property of its age and type across the city.
2. Is the living space smaller than other homes nearby?
Yes. At 1,410 sqft, the living area is below the average for both Coral Reef Cove and the wider Island Lakes neighbourhood. This suggests a more compact, efficient layout compared to many neighbouring houses.
3. What does the sold price history indicate?
The home has sold twice in recent years (2020 and 2023). The increase in sold price range between those dates aligns with broader market trends, showing appreciation. The most recent sale price range was moderately below the assessed value averages for the street and area at that time.
4. How does the lot size compare?
The 6,212 sqft lot is fairly standard. It is close to the citywide average and is a typical size for the Island Lakes area, offering a balanced yard space without being excessively large to maintain.
5. What is the significance of the “renovated basement”?
This is a key feature, as the basement finish adds usable square footage not fully reflected in the main living area statistics. It provides additional flexible space, which is a practical advantage in a home with a more modest main-floor footprint.
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