Property score
84.4
Excellent
Overall 84.4 · Larger and newer than most nearby homes
2,075 sqft (top 16%) · Built in 2001 (25 yrs newer than avg)
Located in a above-average income area with median household income of ~86k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 3 schools, 2 parks, and 1 sports facility nearby
Living Area
Above average
39% larger than neighborhood avg.
Year Built
Above average
25 yrs newer than neighborhood avg.
Mother tongue
English · 73%French · 10%
Past 10 years Niakwa Place sales snapshot (~80% of all data)
228
303.7k
$288/sqft
1976
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84.4 is composed by the two sections below.
Property Score
Community Score
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.
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: #46111143
$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
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
56 Limetree Cove — 6 amenities found within 500 m, across 3 categories, including 3 education (nearest 213 m), 2 parks (nearest 165 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 25% | Top 9% | Top 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 56 Limetree Cove, Niakwa Place
Key Characteristics & Appeal
This well-situated home at 56 Limetree Cove presents a compelling blend of space, modern age, and established value. Built in 2001, it occupies a generous 7,708 sqft lot in the sought-after Niakwa Place neighbourhood. With 2,075 sqft of living area, the home offers above-average space both for its immediate area and across Winnipeg, providing room to grow without the footprint of a maximized estate.
The primary appeal lies in its strong positional value. The home’s assessed value of $701k ranks within the top 8% of Niakwa Place and an elite top 4% city-wide, indicating a premium property in a desirable location. Its 2001 build year is notably newer than most homes in the broader area, suggesting modern construction standards while still being part of a mature, settled community. The lot size is comfortably above the city average, offering ample outdoor space.
This property would ideally suit move-up buyers or established families seeking a spacious, modern home in a prime neighbourhood without venturing into brand-new developments. It also appeals to value-conscious purchasers who understand that its above-average metrics for the city, combined with a merely "around average" ranking on its own street, may represent a relative value opportunity within an exclusive enclave.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
While the home’s assessed value is above the street average ($701k vs. $657.1k), it ranks 4th highest out of 14 homes on Limetree Cove. This suggests it is a solid, valuable property on a street of substantial homes, but not the absolute top-tier, which could be appealing for buyers prioritizing the location.
2. Is the home’s size typical for the area?
At 2,075 sqft, the living area is slightly below the average for Limetree Cove itself but is significantly larger than the averages for both Niakwa Place and Winnipeg as a whole. You are getting a home that feels spacious in a city-wide context, on a street where some homes are even larger.
3. What does the sold price history indicate?
Records show it last sold in May 2019 for between $550k-$600k. The current assessed value of $701k reflects market appreciation and assessment methodology over that period. For exact historical sold prices, a manual lookup via the site’s email service is required.
4. How does the lot size impact potential?
The 7,708 sqft lot is over 1,100 sqft larger than the city average. This provides significant yard space for gardens, recreation, or potential additions (subject to zoning and permits), a feature that becomes increasingly rare.
5. Why is the “year built” ranking so high for Niakwa Place?
Ranking in the top 5% for year built in the neighbourhood highlights that Niakwa Place is primarily an established, older area. A 2001 build date is considered relatively new there, offering more contemporary layouts and systems compared to much of the surrounding housing stock.
