82.1
Excellent
Property score
82.1
Excellent
Overall 82.1
Compared with neighbourhood average
1,663 sqft (top 46%)
Built in 1988 (7 yrs older than avg)
Located in a high-income area
with median household income of ~122k
Transit 64.0
6-min walk to transit with 2 nearby routes
Within 500m: 1 dining spot, 2 parks, and 1 government office nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 74%French · 7%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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82.1 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: #46111212
$122K
Median household income
$146K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
10%
Single-person households
50%
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
116 Peres Oblats Drive — 4 amenities found within 500 m, across 3 categories, including 1 dining (nearest 466 m), 2 parks (nearest 233 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 | Bottom 11% | Bottom 17% | Top 41% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home on Peres Oblats Drive in Island Lakes is a well-positioned property that balances space, location, and value. With 1,663 sqft of living space, an attached garage, and a renovated basement, it offers practical family living in a mature, established neighbourhood.
Key Characteristics & Appeal
The home’s primary appeal lies in its solid, middle-ground positioning. Its living space is comfortably above the Winnipeg city-wide average, providing ample room without being oversized. The renovated basement adds valuable flexible space. While the lot is slightly smaller than others on the street, it translates to less yard maintenance. The 1988 build date places it in a period of reliable construction, and its assessed value is notably above the city median, suggesting good inherent value for the price.
This property would suit first-time buyers or growing families looking for a move-in ready home with modernized touches in a quiet, family-oriented community. It’s also a sensible choice for value-focused buyers who appreciate a home that performs well in city-wide comparisons without the premium of a brand-new build or a massive lot.
Frequently Asked Questions
1. How does this home compare to others in Island Lakes?
It sits comfortably in the middle range for the neighbourhood in terms of size, age, and value. Its living space is just above the area average, while its assessed value is slightly below the neighbourhood average, which could indicate a relative value opportunity.
2. Is the lot size a concern?
The land area is smaller than most on its own street but is close to the average for Island Lakes overall. For buyers who prefer less yard work, this is an advantage. For those prioritizing extensive outdoor space, it’s a consideration.
3. What does the "above average city-wide" ranking mean?
When compared to all homes in Winnipeg, this property ranks in the top 23% for living space and top 28% for assessed value. This indicates you get more interior space and a higher valuation benchmark than most properties across the city.
4. The home sold in early 2020. What can that price tell me?
The sold price range from 2020 provides a historical benchmark, but it does not reflect current market value. It’s most useful for understanding price trends over time when compared to similar sales.
5. You mention a renovated basement. What details are available?
The listing confirms the basement is renovated but does not specify the scope, finishes, or permits. This is a key detail to request from the selling agent to understand the quality and legality of the work.
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