Property score
72.5
Good
Overall 72.5 · Smaller and older than most nearby homes
1,245 sqft (bottom 14%) · Built in 1986 (9 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, and 1 park nearby
Living Area
Below average
24% 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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72.5 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
78 Tidal Cove — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 247 m), 1 parks (nearest 395 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 42% | Bottom 19% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 78 Tidal Cove, Island Lakes, Winnipeg
Key Characteristics & Buyer Appeal
This single-storey home in the established Island Lakes neighbourhood presents a practical and grounded opportunity. Its key characteristics include a renovated basement, an attached garage, and a manageable 1,245 sqft of living space on a 5,989 sqft lot. Built in 1986, the home is of a typical vintage for the area. The data reveals a property that is consistently "around average" in its immediate context on Tidal Cove for size, value, and age, suggesting it fits seamlessly into the streetscape without standing out as either premium or underdeveloped.
The appeal lies in its stability and renovation-ready foundation. The updated basement adds immediate functional living space, a valuable asset. While the lot is smaller than others on the street, it translates to less yard maintenance. Its assessed value sits notably above the city-wide average for similar homes, which can indicate a desirable location or solid underlying value relative to the broader market. This home would suit first-time buyers or downsizers seeking a manageable, single-level layout in a mature neighbourhood. It’s for those who value a quiet, established community over a brand-new build and see potential in a home that offers a key renovation (the basement) but may allow for personal updates elsewhere over time.
Frequently Asked Questions
1. How does the property’s value compare to its neighbours?
The home’s assessed value is very close to the average for Tidal Cove itself, but is actually below the average for the wider Island Lakes area. Interestingly, city-wide, it ranks above average for assessed value among comparable homes, suggesting the specific local market on Tidal Cove is very consistent or that the broader city data includes many older or different property types.
2. Is the lot size a disadvantage?
While the lot is below average for Tidal Cove, it is near the average for both Island Lakes and Winnipeg overall. It provides a decent outdoor space with potentially less upkeep than larger lots on the street, which could be seen as a benefit for those seeking lower maintenance.
3. What does the sold price history indicate?
The home was last sold in July 2019 for an estimated range of $355k-$385k. To understand current value, this should be compared with recent sales of similar homes in Island Lakes, as the market has evolved since then. The exact sold price is available upon request from the listing source.
4. Who might this home not suit?
Buyers looking for a large, expansive yard or those seeking a home that significantly outperforms its immediate neighbours on square footage may find the lot and living area dimensions typical rather than exceptional. It may also require updates consistent with its 1986 age.
5. What is the significance of the "renovated basement"?
This is a key feature, adding finished living space that many homes of this era may not have. It immediately increases the home’s usable area without the buyer needing to undertake a major renovation project themselves.
