83.5
Excellent
Property score
83.5
Excellent
Overall 83.5
Newer than most nearby homes
1,656 sqft (top 46%)
Built in 2006 (11 yrs newer than avg)
Located in a high-income area
with median household income of ~141k
Transit 48.0
9-min walk to transit with 2 nearby routes
Within 500m: 1 school, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Above average
11 yrs newer than neighborhood avg.
Mother tongue
English · 64%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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83.5 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: #46111206
$141K
Median household income
$153K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
7%
Single-person households
54%
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 Pamela Road — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 417 m), 2 parks (nearest 261 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 14% | Top 16% | Top 11% |
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 2 Pamela Road in Winnipeg's Island Lakes neighbourhood presents a balanced, move-in-ready opportunity. Its key appeal lies in being a well-proportioned, modern home that requires no major updates, situated in a quiet, established area.
Key Characteristics & Ideal Buyer
The home's 1,656 sqft of living space is comfortably above the Winnipeg average, offering ample room without being oversized. A significant feature is the renovated basement, which adds immediate functional space without the need for future investment. Built in 2006, the property is notably newer than most in both the city and the immediate Island Lakes area, suggesting modern building standards and potentially lower near-term maintenance costs. The attached garage and a land size that is generous for its street (over 5,200 sqft) complete the practical picture.
Its appeal is one of stability and convenience. It suits buyers looking for a turnkey home in a mature suburb—perfect for a young family seeking a move-in-ready property, or for downsizers who want single-floor living potential (with the renovated basement) but in a modern, low-hassle build. The data shows it performs solidly against local benchmarks: it's not the largest or most expensive on the block, but it holds its own with above-average rankings for its age and size city-wide. This positions it as a sensible, value-conscious choice in its market segment.
Frequently Asked Questions
1. How does this home compare to others on Pamela Road?
The home is consistently around or above average for the street in key metrics. It has a newer build year than most neighbours, a larger-than-average lot for the street, and its living area and assessed value are both squarely in the middle of the local range.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request, as it determines whether the space is suited for a recreation room, additional bedrooms, a rental suite, or other uses.
3. Is the assessed value an accurate reflection of the likely selling price?
The assessed value is $50.20k (note: this appears to be a truncated figure; typical Winnipeg assessed values are in the hundreds of thousands). It serves as a municipal tax benchmark, not a market price. The sold price history shows a recent sale in late 2024, and obtaining that exact price from the provider is recommended for the most accurate market comparison.
4. What are the advantages of a 2006 build year?
A home built in 2006 benefits from modern construction codes, energy efficiency standards, and wiring for current technology. It likely means major components (roof, windows, HVAC) are newer than in older homes but may be nearing the end of their typical lifespan, so a inspection is still advised.
5. How does Island Lakes compare to other Winnipeg neighbourhoods for value?
The data shows that for a home of this size and assessed value, it ranks higher city-wide (top 19-23%) than it does within Island Lakes itself (top 40-46%). This suggests the property represents stronger value compared to the entire Winnipeg market, while being a standard offering within the desirable Island Lakes community.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
