Property score
82.7
Excellent
Overall 82.7 · Newer than most nearby homes
1,751 sqft (top 38%) · 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
7% larger 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
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82.7 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
18 Frigate Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 230 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 12% | Bottom 28% | Top 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 18 Frigate Bay in Winnipeg's Island Lakes neighbourhood presents a balanced, move-in-ready option. Built in 2004, it features 1,751 sqft of living space, a renovated basement, and an attached garage. Its appeal lies in its strong "middle-of-the-road" positioning: the living space is comfortably above the city-wide average, and the home is newer than most in Winnipeg, suggesting modern building standards and less immediate need for major updates. The renovated basement adds functional living space. However, the lot size is notably smaller than most in the immediate area and across the city.
This property would suit practical buyers looking for a settled home in a well-established suburban community. It’s ideal for small families, professionals, or downsizers who value interior space and modern updates over a large yard. The data suggests it offers good city-wide value for its size and age, but buyers who prioritize extensive outdoor space or top-tier lot size within Island Lakes might look elsewhere.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around average for both Frigate Bay and the broader Island Lakes area, but ranks above average city-wide. This indicates you’re getting a property that is competitively priced within its immediate market, while its size and age offer relative value compared to the Winnipeg housing stock as a whole.
2. What are the implications of the smaller land area?
At 3,843 sqft, the lot is smaller than most in the neighbourhood. This typically means less yard maintenance, which can be a benefit for those seeking a low-maintenance lifestyle. The trade-off is less private outdoor space for gardening, play, or entertainment compared to other homes on the street.
3. The home was built in 2004. What should I consider?
A 2004 build is relatively modern, so major components like the roof, windows, and furnace are likely original but may be entering their key replacement periods. A thorough inspection is advised to anticipate upcoming maintenance, though the home should largely reflect contemporary layouts and building codes.
4. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the details. It’s essential to ask for specifics on the renovation’s scope, quality, permits, and whether it added bedrooms or simply finished living space. This significantly affects the home’s functionality and value.
5. Where can I find the exact historical sale price?
The listed sale price from 2017 is an estimated range. The publisher offers to provide the exact sale price via email upon request, stating they manually retrieve this data and will not use contact details for unsolicited marketing.
