Property score
84.8
Excellent
Overall 84.8 · Larger but older than most nearby homes
1,943 sqft (top 16%) · Built in 1986 (9 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 1 park nearby
Living Area
Above average
19% larger than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 71%French · 5%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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84.8 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: #46110514
$106K
Median household income
$129K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
18%
Single-person households
31%
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
10 Waterfront Road — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 164 m), 1 parks (nearest 252 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 50% | Top 26% | Top 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
10 Waterfront Road is a spacious, two-storey home in Winnipeg's Island Lakes neighbourhood. Built in 1986, it features nearly 2,000 square feet of living space, an attached garage, and a renovated basement. The lot is a generous 6,500+ square feet. The home's assessed value is consistent with the area, and recent sales data indicates stable market performance.
Key Characteristics & Appeal
This home’s primary appeal lies in its above-average interior space relative to both the immediate street and the wider city, offering more room than many comparable properties. The renovated basement adds functional living area, making it suitable for growing families or those who desire dedicated space for hobbies, a home office, or guests. Its position on Waterfront Road in Island Lakes suggests a quiet, established setting with larger lot sizes.
It would best suit buyers looking for a turnkey, spacious family home in a mature neighbourhood without the premium often attached to newer builds. The property offers a "more house for your money" proposition within its assessed value bracket, appealing to practical buyers who prioritize interior square footage and a finished basement over a brand-new construction. A less obvious point of consideration is the 1986 build date; while not historic, it places the home in an era before some modern building materials and standards, which a savvy buyer might want to investigate, but it also means the home has stood the test of several decades in Winnipeg's climate.
Frequently Asked Questions
1. How does the living space truly compare to other homes?
At 1,943 sqft, this home is in the top 22% for size on its own street and the top 12% citywide, meaning it offers significantly more interior space than the average Winnipeg house.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is a municipal calculation for tax purposes. While it provides a benchmark, the recent sold price range (late 2024) is the most direct indicator of current market value for this specific property.
3. What does "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify finishes or permits. Buyers should inquire about the scope of work, when it was done, and if it included any moisture-proofing or insulation upgrades.
4. The home was built in 1986. Are there any common concerns for houses of this age?
Homes from this period may have original components, like the roof, windows, or major mechanical systems (furnace, water heater), nearing or exceeding their typical lifespan. A thorough inspection is recommended to budget for potential updates.
5. How does the lot size impact the property?
At over 6,500 sqft, the lot is above average for the city. This provides ample backyard space, but the ranking shows it is slightly smaller than the average lot on Waterfront Road itself, so it may not be the largest property on the street.
