22 Corbeil Place

Island Lakes, Winnipeg

Property score

77.7

Good

Overall 77.7 · Compared with neighbourhood average

1,626 sqft (bottom 49%) · Built in 1992 (3 yrs older than avg)

Located in a high-income area with median household income of ~98k

Transit 92.0 · 3-min walk to transit with 5 nearby routes · Within 500m: 2 parks nearby

Living Area

Near average

1% 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)

Sold Count

654

Median price

580k

$/sqft

$348/sqft

Avg build year

1995

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Property score

77.7 is composed by the two sections below.

Property Score

76.6Good
Living Area1,626 sqft83Excellent
Year Built199281Excellent
Lot Size4,616 sqft60Fair
Neighbourhood Sales Activity32Low

Community Score

79.4Good
Household Income84Excellent
Education Level72Good
Housing Stress74Good
Core Housing Need88Excellent
Employment Health68Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111195

Community deep dive

$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

Population, labour & age

Population (2021)1,210
Labour force participation rate67%
Median age38.8
Avg household size2.6
Unemployment rate8%
Population density2630 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households22%
Couple families with children32%
Median household income (2020)$98K

Housing

Renter households36%
Condominium dwellings15%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)22%
Visible minority35%
Bachelor's or higher (25–64)39%
Mother tongue (1st)English · 68%
Mother tongue (2nd)French · 6%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,626 sqft
0255075100
Same streetTop 46%Same areaBottom 49%CitywideTop 24%
Same street · Corbeil Place
#6 / 13
Top 46% · Avg 1,590 sqft
Same area · Island Lakes
#1,072 / 2,119
Bottom 49% · Avg 1,635 sqft
Citywide · Winnipeg
#46,691 / 194,458
Top 24% · Avg 1,342 sqft

Tax-Assessed Value

around average
436k
0255075100
Same streetBottom 15%Same areaBottom 17%CitywideTop 31%
Same street · Corbeil Place
#11 / 13
Bottom 15% · Avg 476.1k
Same area · Island Lakes
#1,766 / 2,119
Bottom 17% · Avg 494.7k
Citywide · Winnipeg
#60,018 / 194,458
Top 31% · Avg 390.1k

Year Built

above average
1992
0255075100
Same streetTop 8%Same areaBottom 45%CitywideTop 21%

Lot Size

around average
4,616 sqft
0255075100
Same streetBottom 8%Same areaBottom 20%CitywideBottom 36%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

22 Corbeil Place — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 84 m).

Search radius
🌳Parks2

Crime & Safety

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%

Sales History

Sold 8/2022CA$500k–550k
Sold price

Same street

Top 33%

Same area

Top 22%

City-wide

Top 14%

Related homes

Highlights & common questions: 22 Corbeil Place, Winnipeg

Property Overview: 22 Corbeil Place, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in the established Island Lakes neighbourhood presents a practical and value-conscious opportunity. Built in 1992, it is one of the newer homes on its street. With 1,626 sqft of living space and an attached garage, it offers a functional layout for everyday family life. The basement is present but not renovated, representing potential for future customization.

The primary appeal lies in its positioning as a relatively modern home within a mature, amenity-rich community, often at a more accessible point than newer subdivisions. The data suggests its assessed value is below average for both its immediate street and the wider Island Lakes area, which could indicate a competitive entry point into this desirable neighbourhood. However, it's worth noting the lot size is more compact than many in the area.

This property would suit first-time buyers or growing families seeking a turn-key home in a proven location without the premium price tag of a fully updated or maximized lot. It’s also a sensible match for value-oriented buyers who see potential in the unfinished basement and are comfortable with a standard-sized yard, prioritizing interior living space and community amenities over extensive outdoor space.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others in Island Lakes?
The assessed value is below the neighbourhood average. This can sometimes reflect a home that is priced accessibly for the area, but it’s essential to view the property in person to understand its specific condition and layout relative to others.

2. Is the lot size a significant drawback?
At 4,616 sqft, the lot is smaller than many in Island Lakes. This means less yard maintenance but also less private outdoor space. For some buyers, this is a worthwhile trade-off for a newer home on a quiet street within the community.

3. What does "basement not renovated" imply?
It indicates the basement is unfinished or in its original state. This is a blank canvas for future development (like a rec room or suite) but requires a planned investment. Ensure you have it inspected to understand its current condition and potential.

4. The home sold in 2022. What does that recent sale history indicate?
A sale just a few years ago suggests the current market price will be closely influenced by that previous sale price and the modest changes made since. It provides a clear, recent benchmark for value.

5. As one of the newer homes on the street, are there any advantages?
Potentially. A 1992 build may have more modern construction standards, wiring, and insulation than much older homes, possibly leading to lower immediate update costs. It also suggests major components like the roof or windows might be in a different stage of their lifecycle than those on older homes.

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