Property score
78.6
Good
Overall 78.6 · Smaller than most nearby homes
1,317 sqft (bottom 20%) · Built in 1992 (3 yrs older than avg)
Located in a high-income area with median household income of ~133k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 3 parks nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Near average
3 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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78.6 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: #46111202
$133K
Median household income
$160K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
14%
Single-person households
38%
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
22 Leeward Place — 4 amenities found within 500 m, across 2 categories, including 1 dining (nearest 408 m), 3 parks (nearest 211 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% | Top 38% | Top 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 22 Leeward Place, Island Lakes
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in the established Island Lakes neighbourhood presents a practical opportunity. Built in 1992, it is one of the newer homes on its street. With 1,317 sqft of living space and an unrenovated basement, it offers functional room to grow. The attached garage and a 5,400 sqft lot provide everyday convenience and decent outdoor space.
Its primary appeal lies in its value proposition within a desirable area. While the home is below average in size and assessed value for Island Lakes, it sits at a city-wide average for living space and above average for its assessed value compared to all Winnipeg homes. This suggests a more accessible entry point into a mature neighbourhood known for its lakes, pathways, and amenities. It would suit first-time buyers or downsizers seeking a manageable, single-level layout in a quiet, family-friendly community without the premium for a larger or fully updated property. A thoughtful perspective is that an unrenovated basement, while a project, allows the next owner to customize the space to their needs without paying for someone else’s finishes.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is priced below the Island Lakes average, offering a chance to enter this neighbourhood at a relatively lower point. You are paying for location and lot, with the home itself representing a solid foundation.
2. What does “below average” for living area in Island Lakes mean practically?
It means the home’s square footage is less than many others in the area. For daily living, it translates to cozier but efficient spaces—sufficient for a couple or small family but potentially requiring creative use of the basement for additional living or storage.
3. The assessed value seems low. Does that affect property taxes?
Not directly. Property taxes are based on the mill rate applied to your assessed value. A lower assessment can mean lower taxes compared to a similar home with a higher assessment, but always confirm with recent tax statements.
4. What are the implications of an unrenovated basement?
It offers potential but requires investment. You have a blank canvas to finish as you wish, but must budget for insulation, framing, drywall, flooring, and possibly electrical or plumbing updates. Ensure you check for any moisture issues first.
5. How does the 1992 build year impact the home?
Homes from this era typically have modern wiring and standard insulation. However, major components like the roof, windows, furnace, and water heater are likely at or beyond their typical lifespan and should be carefully inspected.
