16 Limetree Cove

Niakwa Place, Winnipeg

Property score

86.3

Excellent

Overall 86.3 · Larger and newer than most nearby homes

3,078 sqft (top 3%) · Built in 2002 (26 yrs newer than avg)

Located in a above-average income area with median household income of ~86k

Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 3 schools, and 2 parks nearby

Living Area

Above average

107% larger than neighborhood avg.

Year Built

Above average

26 yrs newer than neighborhood avg.

Mother tongue

English · 73%French · 10%

Past 10 years Niakwa Place sales snapshot (~80% of all data)

Sold Count

228

Median price

303.7k

$/sqft

$288/sqft

Avg build year

1976

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Property score

86.3 is composed by the two sections below.

Property Score

93.0Excellent
Living Area3,078 sqft100Excellent
Year Built200287Excellent
Lot Size7,436 sqft88Excellent
Neighbourhood Sales Activity48Low

Community Score

76.3Good
Household Income79Good
Education Level82Excellent
Housing Stress74Good
Core Housing Need88Excellent
Employment Health42Low

Neighbourhood Sales

Niakwa Place

How to read: Share of sales in each ~$50k price band for “niakwa place” (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: #46111143

Community deep dive

$86K

Median household income

$123K

Average household income

5%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.8

P90 / P10 ratio

26%

Single-person households

21%

Families with children

Population, labour & age

Population (2021)1,624
Labour force participation rate50%
Median age54.0
Avg household size2.3
Unemployment rate8%
Population density1353 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households26%
Couple families with children21%
Median household income (2020)$86K

Housing

Renter households42%
Condominium dwellings11%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)15%
Visible minority15%
Bachelor's or higher (25–64)41%
Mother tongue (1st)English · 72%
Mother tongue (2nd)French · 9%

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

Rankings

Living Area

Elite
3,078 sqft
0255075100
Same streetTop 14%Same areaTop 3%CitywideTop 1%
Same street · Limetree Cove
#2 / 14
Top 14% · Avg 2,336 sqft
Same area · Niakwa Place
#20 / 685
Top 3% · Avg 1,490 sqft
Citywide · Winnipeg
#1,754 / 194,458
Top 1% · Avg 1,342 sqft

Tax-Assessed Value

Elite
774k
0255075100
Same streetTop 14%Same areaTop 5%CitywideTop 3%
Same street · Limetree Cove
#2 / 14
Top 14% · Avg 657.1k
Same area · Niakwa Place
#32 / 685
Top 5% · Avg 446.8k
Citywide · Winnipeg
#4,984 / 194,458
Top 3% · Avg 390.1k

Year Built

Elite
2002
0255075100
Same streetTop 29%Same areaTop 3%CitywideTop 17%

Lot Size

above average
7,436 sqft
0255075100
Same streetBottom 36%Same areaTop 25%CitywideTop 14%

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

16 Limetree Cove — 5 amenities found within 500 m, across 2 categories, including 3 education (nearest 288 m), 2 parks (nearest 167 m).

Search radius
🏫Education3
🌳Parks2

Crime & Safety

Niakwa Place · WPS public data · 2025

Annual incidents

38

2025

vs. city avg

+29%

relative to avg

Year-over-year

-3%

vs. prior year

Primary type

Property

87%

Sales History

Sold 4/2019CA$650k–700k
Sold price

Same street

Top 50%

Same area

Top 6%

City-wide

Top 5%

Related homes

Highlights & common questions: 16 Limetree Cove, Winnipeg

Property Overview

16 Limetree Cove is a spacious, well-established home in Winnipeg's Niakwa Place neighbourhood. Built in 2002, it sits on a generous 7,436 sqft lot and offers over 3,000 sqft of living space. With an assessed value of $774,000, it positions itself firmly in the upper tier of homes both locally and across the wider city.

Key Characteristics & Appeal

The primary appeal of this property lies in its exceptional space and established prestige within a desirable neighbourhood. Its living area places it in the top 3% of homes in Niakwa Place and the top 1% city-wide, offering rare interior volume. While the home is not new, its 2002 build date is newer than most in the area, suggesting modern construction standards without the premium of a brand-new build.

It suits buyers looking for a move-in ready, substantial family home in a mature community. It’s ideal for those who value space over a brand-new construction and appreciate a home that already holds a proven, high-value position in the market. A thoughtful perspective is that the lot size, while ample, is slightly smaller than the street average. This could appeal to buyers who want a large yard without the extensive maintenance of an even larger plot, focusing the property's advantage more on the interior living space.


Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it stands out significantly. It ranks in the top 5% of Niakwa Place by assessed value and the top 3% by living area, meaning it offers more space and is valued higher than the vast majority of homes in this already sought-after neighbourhood.

2. What is the likely selling price based on its history?
The home last sold in April 2019 for between $650,000 and $700,000. Given the current assessed value of $774,000 and market trends, a buyer should expect the current price to reflect its increased valuation and elite market position.

3. Is the 2002 build date a positive or a negative?
It’s a strong positive in this context. It places the home in the top 3% for year built in Niakwa Place, indicating it is one of the newer homes in a mature, established area. Buyers get a relatively modern construction without being in a brand-new development.

4. What are the advantages of its lot size?
At 7,436 sqft, the lot is above average for both the city and the Niakwa Place area. It offers substantial outdoor space while being slightly more manageable than the largest lots on its own street, which average over 8,300 sqft.

5. How can I verify the exact past sale price?
The website provides sold price ranges for general research. To obtain the exact, verified sale price and history, you must request a manual lookup via email from the service, as they do not display MLS data directly on the site.

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