Property score
68.5
Good
Overall 68.5 · Smaller than most nearby homes
1,046 sqft (bottom 4%) · 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
Below average
36% 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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68.5 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
16 Lagace Place — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 341 m), 3 parks (nearest 277 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 40% | Top 30% | Top 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 16 Lagace Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This single-storey home in Island Lakes is a practical and well-situated property. Its key characteristics include 1,046 sqft of living space, a renovated basement, an attached garage, and a 6,396 sqft lot. Built in 1992, the home is younger than the Winnipeg average. The data reveals a nuanced picture: while the living space is modest for the immediate street and neighbourhood, the property holds its value well, with an assessed value that ranks above average city-wide. Its lot size is also notably larger than most in Winnipeg, offering good outdoor space for the footprint of the home.
The appeal lies in its efficient layout, updated basement, and the established, family-friendly Island Lakes community. It represents an opportunity for value within a desirable area. This home would best suit first-time buyers, downsizers looking for single-level living, or pragmatic investors seeking a property with a strong city-wide value ranking and a turnkey basement suite potential (given the renovation). A thoughtful perspective is that its smaller main-floor size, compared to neighbours, could mean lower utility costs and less maintenance, appealing to those seeking a simpler, cost-effective lifestyle in a premium neighbourhood.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
The living area is more compact than most homes on Lagace Place and in the wider Island Lakes area, but it is very close to the average size for the entire City of Winnipeg. This suggests a efficient use of space within a well-regarded community.
2. Is the assessed value typical for the area?
Yes. The assessed value is around the average for both the street and Island Lakes. Notably, it ranks above average compared to all Winnipeg homes, indicating a solid valuation foundation.
3. What is the significance of the lot size?
The lot is the smallest on Lagace Place but is larger than average for both Island Lakes and Winnipeg. This means you get more outdoor space than a typical city lot, which is a valuable asset, even if it's not the largest on the block.
4. When was it last sold and for how much?
The home sold in July 2023. The public price range is shown, and the exact sale price is available upon direct request to provide accurate historical context.
5. What are the less obvious considerations for this property?
Given its above-average city ranking for assessed value on a per-square-foot basis and the renovated basement, the property may offer strong value retention. The single-storey design is a major plus for accessibility and aging in place. Buyers should weigh the benefits of a established neighbourhood and larger lot against the home's more modest interior square footage compared to immediate neighbours.
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