11 Captains Way

Island Lakes, Winnipeg

Property score

85.1

Excellent

Overall 85.1 · Larger and newer than most nearby homes

1,974 sqft (top 13%) · Built in 2005 (10 yrs newer than avg)

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

Transit 48.0 · 8-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 3 parks nearby

Living Area

Above average

21% larger than neighborhood avg.

Year Built

Above average

10 yrs newer 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

85.1 is composed by the two sections below.

Property Score

82.2Excellent
Living Area92
1,974 sqftExcellent
Year Built87
2005Excellent
Lot Size53
4,396 sqftFair
Neighbourhood Sales Activity32
Low

Community Score

89.5Excellent
Household Income93
Excellent
Education Level82
Excellent
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health83
Excellent

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

above average
1,974 sqft
0255075100
Same streetTop 28%Same areaTop 13%CitywideTop 11%
Same street · Captains Way
#11 / 40
Top 28% · Avg 1,788 sqft
Same area · Island Lakes
#284 / 2,119
Top 13% · Avg 1,635 sqft
Citywide · Winnipeg
#22,317 / 194,458
Top 11% · Avg 1,342 sqft

Tax-Assessed Value

above average
561k
0255075100
Same streetTop 10%Same areaTop 14%CitywideTop 11%
Same street · Captains Way
#4 / 40
Top 10% · Avg 518.1k
Same area · Island Lakes
#288 / 2,119
Top 14% · Avg 494.7k
Citywide · Winnipeg
#22,159 / 194,458
Top 11% · Avg 390.1k

Year Built

above average
2005
0255075100
Same streetTop 25%Same areaTop 8%CitywideTop 15%

Lot Size

around average
4,396 sqft
0255075100
Same streetBottom 10%Same areaBottom 9%CitywideBottom 32%

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

11 Captains Way — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 374 m), 3 parks (nearest 245 m).

Search radius
🏫Education1
🌳Parks3

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 3/2022CA$550k–600k
Sold price

Same street

Top 23%

Same area

Top 12%

City-wide

Top 10%
Sold 9/2020CA$450k–500k
Sold price

Same street

Bottom 8%

Same area

Top 40%

City-wide

Top 20%

Related homes

Highlights & common questions: 11 Captains Way, Winnipeg

Property Overview: 11 Captains Way, Island Lakes

Section 1: Key Characteristics & Appeal

This two-storey home in Island Lakes is a well-sized, modern property that stands out for its above-average living space and assessed value within its immediate context. Built in 2005, the home offers nearly 2,000 sqft of living area, placing it comfortably in the top quarter of homes on its street and the top 15% for the neighbourhood. Its renovated basement adds functional space. The attached garage and the home's age mean major systems are likely still in good condition without immediate need for replacement.

The appeal lies in its strong positional metrics. It's not just a large home for the city; it's notably larger and more valuable than most comparable properties directly around it, suggesting a premium offering on Captains Way. A thoughtful perspective is that while the lot size is smaller than area averages, this often translates to less yard maintenance—a potential plus for busy professionals or those seeking a lock-and-leave lifestyle within a family-oriented community. The consistent ranking in the top tiers for value and size across street, neighbourhood, and city comparisons indicates a property that has held its relative worth.

This home would suit buyers looking for move-in-ready space in a mature, established suburb. It’s ideal for a growing family who wants the room of a larger home without the upkeep of an older property, or for a professional couple wanting a spacious, modern layout. The strong assessment and recent sale history also make it a sensible consideration for value-focused buyers who see merit in a home that performs well against its direct peers.

Section 2: Frequently Asked Questions

1. How does the lot size impact the property?
While the land area is smaller than many lots in Island Lakes, it is close to the average citywide. This typically means a more manageable yard with lower maintenance, but potentially less privacy or room for large exterior additions like a deck or pool.

2. What do the "top percentile" rankings mean for value?
The home ranks in the top 10-15% for assessed value on its street and in the neighbourhood. This generally indicates it is considered a higher-value property by the assessor compared to those around it, which can be a positive signal for underlying equity, though market conditions always determine the final sale price.

3. The home sold in 2022 and again in 2020. Is that a concern?
The recent sales history shows turnover, but the sold price metrics indicate it performed well above area averages in 2022. The reasons for sale are not disclosed, but the data does not suggest a pattern of distress; rather, it shows active market interest in the property.

4. Is the renovated basement included in the living area square footage?
Typically, finished basement space is not included in the official living area (above-grade) square footage calculation. The 1,974 sqft likely refers to the main and upper floors, with the renovated basement providing additional bonus space.

5. How does this home compare to the reference property at 102 Ebb Tide Drive?
The reference home is very similar in year, size, and assessed value, providing a useful benchmark. It suggests 11 Captains Way is aligned with other premium properties in the area, confirming its market position.