Property score
81.6
Excellent
Overall 81.6 · Older than most nearby homes
1,567 sqft (bottom 42%) · Built in 1986 (9 yrs older 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: 1 school, and 3 parks nearby
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Below average
9 yrs older 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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81.6 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
2 Chenier Bay — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 454 m), 3 parks (nearest 105 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 1% | Bottom 4% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 4-level split home at 2 Chenier Bay in Winnipeg's Island Lakes neighbourhood presents a practical opportunity. Built in 1986, it offers 1,567 sqft of living space on a 5,718 sqft lot with an attached garage. The home's assessed value is notably lower than most in its immediate area, which is a defining characteristic. The basement exists but is noted as not being renovated.
Key Characteristics & Appeal
The primary appeal of this property lies in its position as a value-oriented entry point into the well-established Island Lakes community. While its living space is fairly average for the area, its assessed value ranks at the very bottom on its own street and below average in the neighbourhood. This significant gap suggests potential for equity growth through updates, making it a candidate for a "live-in and improve" strategy. The lot size, while smaller than some on the street, is still generous by city-wide standards.
It would suit a first-time buyer or an investor looking for a foothold in a mature suburb without the premium price tag of a turn-key home. It's also a match for a buyer comfortable with a project, as the unrenovated basement and overall value metrics indicate the home may require modernizing. A less obvious perspective is that its lower assessment could translate to relatively lower property taxes compared to neighbouring homes with similar square footage, providing ongoing savings.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
While the exact reason isn't specified, a below-average assessment for the street and neighbourhood often correlates with a home that has seen fewer updates or renovations compared to its peers. The note that the basement is "not renovated" supports this possibility.
2. Is the sold price history provided the exact price?
No, the listed sold price from 2019 is a range based on public data. You can request the exact sold price by email, which the service provides manually without using your email for unsolicited marketing.
3. What does the ranking data (e.g., "Top 65%") actually mean?
These rankings compare this home to specific groups. For example, "Top 65%" for living area on its street means its square footage is greater than 65% of comparable homes on Chenier Bay. It's a relative performance metric, with a higher percentage generally being better.
4. What are the implications of a 4-level split design?
4-level splits typically offer good separation of living and sleeping areas across multiple half-levels. This can provide privacy but may involve more stairs than a bungalow or 2-storey layout. It's a common and functional style for homes of this era.
5. How does this home compare to the city-wide Winnipeg average?
Interestingly, while it sits below average in its immediate area for value and lot size, it ranks above the city-wide average for living space and year built. This highlights Island Lakes as a neighbourhood of generally larger, newer homes, where this property is a more affordable option within that context.
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