Property score
72.6
Good
Overall 72.6 · Smaller and older than most nearby homes
1,238 sqft (bottom 14%) · Built in 1986 (9 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 71%French · 5%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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72.6 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: #46110514
$106K
Median household income
$129K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
18%
Single-person households
31%
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
221 Island Shore Boulevard — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 191 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 10% | 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: 221 Island Shore Boulevard
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1986, presents a practical opportunity in Winnipeg's Island Lakes neighborhood. With 1,238 sqft of living space and a renovated basement, it offers functional, multi-level living on a 4,184 sqft lot. A detached garage provides additional storage or parking.
The primary appeal lies in its value positioning. The home's assessed value is notably below the averages for both its immediate street and the wider Island Lakes area, suggesting a potentially accessible entry point into this established community. It suits first-time buyers or practical-minded investors seeking a foothold in a popular neighborhood without a premium price tag. The renovated basement adds immediate livable space without the need for initial projects.
A less obvious perspective is its relative vintage. While older than many homes in Island Lakes, it is newer than the typical Winnipeg home city-wide. This positions it as a middle-ground option—offering more modern construction than many city properties, but potentially with more original components than newer subdivisions, appealing to those who prefer established communities over brand-new builds.
Section 2: Frequently Asked Questions
1. Is the below-average assessment a red flag?
Not necessarily. A lower assessment relative to the area can indicate a more affordable purchase price and correspondingly lower property taxes. It often reflects the home's smaller size and lot compared to neighborhood averages. A professional inspection is key to understand the property's condition.
2. What does the "4-level split" layout mean for daily living?
This style typically features short flights of stairs between levels, creating defined zones for living, sleeping, and recreation. It's efficient with space but involves more stairs than a bungalow or two-story. It works well for separating living and sleeping areas.
3. How does the lot size impact this property?
At 4,184 sqft, the yard is smaller than most in Island Lakes. This means lower maintenance, which is a benefit for busy owners or those not seeking extensive gardening. However, it offers less private outdoor space than larger lots in the area.
4. The home last sold in 2017. What should I consider?
A seven-year ownership period suggests the sellers have likely lived in and maintained the home. It’s a reasonable timeframe, indicating stability rather than a quick "flip." It's wise to ask what updates, beyond the basement, have been completed during their tenure.
5. Why is the assessed value so different from the city-wide average?
The city-wide average assessed value includes a vast range of property types and ages across all neighborhoods. The more relevant comparisons are the local ones provided (for the street and Island Lakes), which show this home's value is positioned at a lower tier within its specific, desirable area.
