Property score
86.8
Excellent
Overall 86.8 · Larger than most nearby homes
1,845 sqft (top 26%) · Built in 1999 (4 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 62.0 · 4-min walk to transit with 1 nearby route · Within 500m: 3 dining spots, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Above average
13% larger 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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86.8 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
7 Treasure Cove — 10 amenities found within 500 m, across 6 categories, including 3 dining (nearest 435 m), 1 healthcare (nearest 412 m), 1 shopping (nearest 333 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 45% | Top 38% | Top 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 7 Treasure Cove, Island Lakes, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This two-storey home in Island Lakes offers a spacious 1,845 sqft of living area, which places it well above average for its street, neighbourhood, and the city overall. Its appeal is rooted in this generous interior space, complemented by a renovated basement and an attached garage. The lot size of 7,171 sqft is notably larger than typical city and neighbourhood lots, providing ample outdoor space.
A thoughtful perspective is that this home represents a balanced offering. While its assessed value is around the average for its immediate area, you receive more house and land for that value compared to broader benchmarks. Built in 1999, it is a mature home in an established neighbourhood, likely past any major initial settling or new-development issues, but not so old as to face the systemic updates of much older city housing stock.
This property would best suit buyers prioritizing interior space and a sizable yard over a brand-new build. It’s ideal for a growing family seeking established community amenities or for someone looking for a home with a renovated basement ready for use, without requiring immediate major investments.
Frequently Asked Questions
1. How does the living space truly compare to other homes?
At 1,845 sqft, the living area is in the top 12% on its own street and top 16% city-wide, meaning it is significantly more spacious than a majority of Winnipeg homes.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is a municipal tax valuation. While it places the home around the neighbourhood average, recent sold price data suggests homes here can sell above this assessment, so it should be used as one reference point among others.
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 listing agent is necessary to determine the finish quality, layout, and whether it includes a legal suite or additional bedrooms.
4. The lot is large for the area, but how is it configured?
At over 7,000 sqft, the lot is a standout feature. It would be important to assess its shape (e.g., deep backyard, wide frontage) and how it affects privacy, sunlight, and potential uses like gardening or expansion.
5. As a 1999 build, what major systems might need attention?
While major structural issues are unlikely, key components like the roof, original windows, HVAC system, and water heater are approaching or within a typical lifespan for replacement. A thorough home inspection is recommended.
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