Property score
82.3
Excellent
Overall 82.3 · Newer than most nearby homes
1,612 sqft (bottom 47%) · Built in 2004 (9 yrs newer than avg)
Located in a high-income area with median household income of ~148k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Near average
1% smaller than neighborhood avg.
Year Built
Above average
9 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
82.3 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
14 Frigate Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 232 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 29% | Bottom 32% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 14 Frigate Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in the established Island Lakes neighborhood offers a practical, move-in-ready foundation. Built in 2004, it presents a modern layout without the concerns of an aging property. The 1,612 sqft living space is efficiently sized, ranking above average citywide, and features a renovated basement that adds valuable finished area. An attached garage provides convenience.
The primary appeal lies in its balance and location. It sits in a mature, sought-after community with amenities, yet the home itself is not oversized, offering manageable upkeep. The recent basement renovation adds immediate utility without the need for projects. Notably, while the lot is smaller than others on the street and in the area, this can translate to less yard maintenance—a plus for busy professionals or those seeking a lock-and-leave lifestyle within a house.
This property would suit first-time buyers or downsizers looking for a comfortable, low-hassle home in a prime neighborhood. It’s also a sensible fit for investors or buyers who prioritize a modernized interior and location over having a large yard.
Frequently Asked Questions
1. Is the smaller lot size a significant drawback?
While the lot is below average for the immediate area, it means less time and money spent on landscaping and maintenance. For many, this is a practical trade-off for being in a desirable neighborhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or layout. This is a key detail to clarify with the seller or agent to understand the quality and functionality of the space.
3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The sold price history from 2020 provides a past benchmark, but current market conditions will determine the final sale price. It’s best to review recent comparable sales.
4. The home ranks "below average" for assessed value on its street. What does that indicate?
This often suggests the home is more modestly sized or configured than some larger properties on Frigate Bay. It doesn’t necessarily reflect condition, especially with a renovated basement, but can indicate a relative value opportunity within the street.
5. Are there any known concerns with homes built in this era (2004) in Winnipeg?
Homes from this period generally have modern building standards. A standard home inspection is always recommended, but there are no widespread, neighborhood-specific issues known for this build year.
