Property score
78.8
Good
Overall 78.8 · Compared with neighbourhood average
1,594 sqft (bottom 45%) · Built in 1992 (3 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 school, and 3 parks nearby
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Near average
3 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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78.8 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: #46111195
$98K
Median household income
$110K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
22%
Single-person households
32%
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
12 Lagace Place — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 342 m), 3 parks (nearest 264 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 40% | Top 33% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 12 Lagace Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes presents a solid, mid-sized family option with a practical layout. Built in 1992, it features 1,594 sqft of living space, an attached garage, and a full basement awaiting your personal touch. The lot is a notable asset at over 7,000 sqft, offering more outdoor space than most in the city and even ranking above average within the desirable Island Lakes neighbourhood itself.
Its primary appeal lies in its balance and potential. The home’s assessed value is positioned below the local area average, which could signal an opportunity for value-conscious buyers in a well-established community. It suits first-time buyers or growing families looking for a spacious yard in a mature neighbourhood without a premium price tag. The home doesn’t feature high-end renovations or a pool, making it ideal for buyers who prefer a blank canvas or are planning gradual updates to suit their own taste. A thoughtful perspective is that while the living space is average for the immediate street, its above-average citywide ranking and generous lot size offer a foundation that is increasingly rare in newer subdivisions.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is not renovated. This provides a clean slate for future development, such as creating a family room, home office, or additional bedrooms, subject to permits.
2. How does the property’s value compare to the area?
The home’s assessed value is below the current average for both Lagace Place and the wider Island Lakes neighbourhood. This can be an attractive entry point into the area, though it may also reflect the original condition of the home and the unfinished basement.
3. What is the lot size, and why does it matter?
The lot is 7,074 sqft, which is notably larger than many city lots and above the Island Lakes average. This provides ample space for gardening, play, and outdoor living, and is a key feature that adds long-term value and flexibility.
4. What are the recent sold prices for this home?
Public records indicate a sale in June 2021 in the range of $46.50k to $49.50k. For the exact historical sold price, you can request the information directly via the provided email service on the listing page.
5. Who are the most likely buyers for this property?
This home is well-suited for practical buyers—first-time homeowners, young families, or value-driven investors—who prioritize lot size and location over move-in-ready finishes. It’s for those who see the benefit in a home within a mature community that they can customize over time.
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