Property score
89.7
Excellent
Overall 89.7 · Larger and newer than most nearby homes
2,077 sqft (top 9%) · Built in 2002 (7 yrs newer than avg)
Located in a high-income area with median household income of ~148k
Transit 52.0 · 5-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby
Living Area
Above average
27% larger than neighborhood avg.
Year Built
Above average
7 yrs newer than neighborhood avg.
Mother tongue
English · 70%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
89.7 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: #46111205
$148K
Median household income
$155K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
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
120 Wayfarer'S Haven — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 316 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 8% | Top 2% | Top 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 120 Wayfarer's Haven, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes is a standout property defined by its above-average scale and premium positioning within its community. Built in 2002, it offers modern construction paired with a renovated basement. The 2,077 sqft living area places it in the top 9% for size both locally and citywide, providing generous family-sized space. Its appeal is further anchored by a substantial 7,505 sqft lot, offering ample outdoor privacy and potential.
The home’s strongest appeal lies in its elite assessed value ranking—placing in the top 3% in Island Lakes and top 5% citywide. This indicates a property that has been valued significantly higher than area averages, often a reflection of upgrades, condition, and desirability. The attached garage and lack of a pool suggest a practical, low-maintenance exterior focus.
This property would ideally suit buyers looking for a move-in ready, spacious family home in a well-established neighbourhood, who value both interior space and a large yard. It’s particularly suited for those who appreciate a home with proven premium market valuation, suggesting a sound investment in a desirable area. A thoughtful perspective is that this home offers the space and modern amenities of a newer build, but within a mature, treed neighbourhood that newer subdivisions often lack.
Section 2: Frequently Asked Questions
1. What does the "Elite" assessed value ranking mean?
It means this home’s municipal assessed value is higher than 95-97% of comparable homes in Winnipeg. This typically reflects factors like renovations, premium finishes, or a prime lot, and often correlates with a stronger market value.
2. How does the lot size compare?
At 7,505 sqft, the lot is above average for both Island Lakes and Winnipeg. It provides more outdoor space than many newer properties, a key feature for gardening, recreation, or future additions.
3. The home sold in 2022. What can that price tell me?
The sold price range from July 2022 provides a recent market benchmark. However, it reflects the peak market conditions of that time. Current value would be influenced by subsequent market changes and any updates made by the sellers since that purchase.
4. Is the renovated basement included in the living area square footage?
Typically, municipal living area (sqft) calculations in Winnipeg do not include below-grade space, even if renovated. The 2,077 sqft likely refers to above-grade living space only, with the renovated basement adding additional functional area.
5. The home is 24 years old. What should I consider?
A 2002 build is relatively modern, meaning major components like the roof, windows, and HVAC system are likely original and may be nearing the end of their serviceable lifespan. A pre-purchase inspection is crucial to assess their condition and plan for potential future updates.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
