67.5
Good
Property score
67.5
Good
Overall 67.5
Smaller and older than most nearby homes
1,040 sqft (bottom 4%)
Built in 1986 (9 yrs older than avg)
Located in a high-income area
with median household income of ~106k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 71%French · 5%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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67.5 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: #46110514
$106K
Median household income
$129K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
18%
Single-person households
31%
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
173 Island Shore Boulevard — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 94 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 21% | Bottom 6% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 173 Island Shore Boulevard, Island Lakes
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1986, offering 1,040 sqft of living space with an unfinished basement and a detached garage. Its key appeal lies in its position as an accessible entry point into the established Island Lakes neighbourhood. The home presents a practical, no-frills opportunity. While its living space, assessed value, and lot size are below average for the immediate street and area, it ranks closer to the city-wide average on several metrics. This suggests you are paying primarily for the location within a desirable community, rather than for the size or condition of the structure itself.
The property would suit first-time buyers or investors seeking a foothold in a mature area without a premium price tag. It’s a home for those comfortable with a property that may require updates over time, seeing potential where others might only see comparatives. The modest scale could also appeal to downsizers looking to stay in the area but in a more manageable footprint. A thoughtful perspective is that its lower assessment, relative to the neighbourhood, could present a different value proposition depending on municipal tax calculations and future improvement potential.
Frequently Asked Questions
1. Is this a good value for the Island Lakes area?
This home is priced below the area average for a reason: its size and assessed value are in the bottom tier for Island Lakes. The value is in securing a lot and an address in the neighbourhood itself, making it a trade-off between location and property scale.
2. What does "below average" for assessed value on the street mean?
The home’s official assessed value ($34,200) is among the lowest on Island Shore Boulevard. This generally indicates a more modest home compared to its neighbours, which could influence property taxes, but it's essential to verify with current tax statements.
3. The sold price history shows a range. What was the exact sale price?
The listing service provides an estimated sold price range from its last sale. To obtain the exact figure, you must request it directly from the site via email, as they manually provide this data.
4. What are the implications of having an unfinished basement?
It offers flexible storage or future expansion potential without the cost of undoing previous renovations. However, any finishing would be an additional project and investment for the buyer.
5. How does the 1986 build year compare?
While newer than the Winnipeg city average, it is older than most homes in Island Lakes. This suggests the home may have original components that could need attention or updating, but it also comes from a building era with generally standard construction practices.
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