82 Smuggler'S Cove

Island Lakes, Winnipeg

Property score

78.3

Good

Overall 78.3 · Smaller than most nearby homes

1,354 sqft (bottom 22%) · Built in 1989 (6 yrs older than avg)

Located in a high-income area with median household income of ~141k

Transit 60.0 · 8-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 3 parks, and 1 government office nearby

Living Area

Below average

17% smaller than neighborhood avg.

Year Built

Below average

6 yrs older than neighborhood avg.

Mother tongue

English · 64%French · 6%

Past 10 years Island Lakes sales snapshot (~80% of all data)

Sold Count

654

Median price

580k

$/sqft

$348/sqft

Avg build year

1995

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Property score

78.3 is composed by the two sections below.

Property Score

70.9Good
Living Area1,354 sqft71Good
Year Built198978Good
Lot Size5,676 sqft74Good
Neighbourhood Sales Activity32Low

Community Score

89.5Excellent
Household Income93Excellent
Education Level82Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111206

Community deep dive

$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

Population, labour & age

Population (2021)2,712
Labour force participation rate73%
Median age36.8
Avg household size3.3
Unemployment rate6%
Population density3190 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households7%
Couple families with children54%
Median household income (2020)$141K

Housing

Renter households1%
Condominium dwellings8%
Median dwelling value (owners)$452K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority38%
Bachelor's or higher (25–64)43%
Mother tongue (1st)English · 64%
Mother tongue (2nd)French · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,354 sqft
0255075100
Same streetBottom 29%Same areaBottom 22%CitywideTop 38%
Same street · Smuggler'S Cove
#22 / 31
Bottom 29% · Avg 1,541 sqft
Same area · Island Lakes
#1,663 / 2,119
Bottom 22% · Avg 1,635 sqft
Citywide · Winnipeg
#74,397 / 194,458
Top 38% · Avg 1,342 sqft

Tax-Assessed Value

around average
410k
0255075100
Same streetBottom 19%Same areaBottom 9%CitywideTop 36%
Same street · Smuggler'S Cove
#25 / 31
Bottom 19% · Avg 437k
Same area · Island Lakes
#1,931 / 2,119
Bottom 9% · Avg 494.7k
Citywide · Winnipeg
#69,891 / 194,458
Top 36% · Avg 390.1k

Year Built

Elite
1989
0255075100
Same streetTop 3%Same areaBottom 38%CitywideTop 23%

Lot Size

around average
5,676 sqft
0255075100
Same streetTop 48%Same areaTop 50%CitywideTop 39%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

82 Smuggler'S Cove — 5 amenities found within 500 m, across 3 categories, including 1 dining (nearest 446 m), 3 parks (nearest 245 m).

Search radius
🍽️Dining1
🌳Parks3
🏛️Government1

Crime & Safety

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%

Sales History

Sold 6/2022CA$450k–500k
Sold price

Same street

Top 50%

Same area

Top 44%

City-wide

Top 23%

Related homes

Highlights & common questions: 82 Smuggler'S Cove, Winnipeg

Property Overview: 82 Smuggler's Cove, Island Lakes

Key Characteristics & Buyer Profile

This two-storey home in Island Lakes presents a practical opportunity in a well-established neighborhood. Built in 1989, it is notably one of the newer homes on its own street. The 1,354 sqft living area is modest compared to many homes in the immediate area and Island Lakes, but it aligns closely with the average Winnipeg home size, suggesting an efficient, manageable layout. It features an attached garage and a renovated basement, adding valuable finished space. The lot is a standard size for the area at just over 5,600 sqft.

The appeal here is grounded in value and stability. With an assessed value of $410,000, it sits in a more accessible price tier within Island Lakes, a neighborhood where many homes are assessed higher. This creates an entry point into a desirable area known for its lakes and pathways. The renovated basement and newer build date (for the street) are key functional benefits, potentially reducing immediate upgrade costs.

This property would best suit first-time buyers or downsizers seeking a foothold in a mature, amenity-rich community without a premium price tag. It’s for those who prioritize location and a move-in-ready basement over having above-average square footage. A thoughtful perspective is that its "below average" size and value within the immediate vicinity are precisely what make it accessible, offering the community benefits without the typical community price.


Frequently Asked Questions

1. Is this home a good value compared to its neighbors?
Based on assessed value, this home is ranked below average for both Smuggler's Cove and the wider Island Lakes area, meaning it is assessed lower than many comparable homes nearby. This can indicate a potentially more affordable entry point into the neighborhood.

2. How does the living space compare to a typical Winnipeg home?
At 1,354 sqft, the living area is very close to the Winnipeg city-wide average for comparable homes. While it is smaller than many homes in Island Lakes, it offers a space-efficient footprint that aligns with typical family needs across the city.

3. What does the "newer build date" for the street mean?
Built in 1989, this is one of the newest homes on Smuggler's Cove. In an older city like Winnipeg, a home from the late 80s may have modern features and systems that some older homes in the area do not, potentially easing renovation concerns.

4. What is included in the "renovated basement"?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or agent to understand the quality and functionality of the space.

5. How current is the sold price history shown?
The last recorded sale was in June 2022, with a price range provided. For the exact sold price and a complete history, you must request the information directly via the provided email service, as this data is manually verified.

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