Property score
88.0
Excellent
Overall 88.0 · Compared with neighbourhood average
1,808 sqft (top 32%) · 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
Near average
11% larger 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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88.0 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
80 Coral Reef Cove — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 451 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 7% | Top 1% | Top 2% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 14% | Top 2% | Top 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 80 Coral Reef Cove, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes is a well-positioned property that stands out for its generous lot size and above-average assessed value within its established neighbourhood. Built in 1999, it offers modern construction relative to the Winnipeg average, with 1,808 sqft of living space and a renovated basement. The home features an attached garage and sits on a notably large, approximately 9,862 sqft lot, placing it in the top 10% for land area on its own street.
The primary appeal lies in its space and established location. The large lot is a significant asset, offering ample room for gardening, recreation, or future expansion—a rarity compared to newer subdivisions. Its consistently high assessed value and solid recent sale history suggest a property that has maintained its worth exceptionally well within the Island Lakes community. This home would suit buyers looking for a move-in-ready family home in a mature area with room to breathe. It’s particularly suited for those who prioritize outdoor space over a brand-new build and appreciate a home that holds strong, above-average value rankings both locally and city-wide.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value of $62.50k is above the street average and ranks in the elite top 5% within the wider Island Lakes area, indicating it is considered a higher-value property in this community.
2. Is the lot size unusual for the area?
Yes. At nearly 10,000 sqft, the lot is significantly larger than the averages for the street, Island Lakes, and the city overall. This is one of the property's most distinctive features.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or listing agent regarding the finishes, layout, and whether it includes a secondary suite or legal egress.
4. The home was last sold in late 2024. Why is it back on the market?
While the specific reason isn't provided, the quick resale isn't necessarily a red flag. It could be due to a change in the buyer's circumstances, an investor flipping the property, or a relocation. A title search or discussion with the agent would provide clarity.
5. How does the living space compare to newer homes?
At 1,808 sqft, the living area is above the Winnipeg average but typical for Island Lakes. Buyers should note that space distribution in a 1999 two-storey may differ from modern open-concept designs, but the renovated basement adds functional space.
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