Property score
76.8
Good
Overall 76.8 · Smaller but newer than most nearby homes
1,220 sqft (bottom 12%) · Built in 2003 (8 yrs newer than avg)
Located in a high-income area with median household income of ~148k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 school, and 2 parks nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Above average
8 yrs newer 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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76.8 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
228 Dockside Way — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 396 m), 2 parks (nearest 137 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 47% | Top 33% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 228 Dockside Way, Island Lakes, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home at 228 Dockside Way is a study in contrasts, offering a practical and modern living space within a well-established neighbourhood. Built in 2003, it is notably newer than most homes in Winnipeg, providing the benefits of contemporary construction standards without the premium of a brand-new build. The home features 1,220 sqft of living space and a renovated basement, making it a functional and easily navigable layout, ideal for downsizers, first-time buyers, or those seeking single-level living.
Its primary appeal lies in its value proposition and location. While the living space is modest compared to other homes on its street and in Island Lakes, this translates to a lower assessed value, positioning it as a more accessible entry point into a desirable area known for its lakes and pathways. The attached garage and updated basement add practical appeal. A thoughtful perspective is that this property represents an opportunity to own a newer, low-maintenance home in a mature neighbourhood—you’re buying into the community amenities and mature landscaping without inheriting an older home’s potential major systems updates.
This home would best suit practical buyers who prioritize location and modern essentials over sheer size. It’s a strong match for empty-nesters looking to right-size, young professionals seeking a move-in ready home with room to grow in the basement, or investors attracted by a newer property in a stable, family-friendly area.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 1,220 sqft, the living area is below the average for both Dockside Way and the broader Island Lakes neighbourhood. However, it is very close to the average home size citywide in Winnipeg, offering a comfortably sized main living space complemented by the renovated basement.
2. The assessed value seems low. What does this indicate?
The assessed value is below average for its immediate area but is above average compared to the entire city. This typically reflects the home’s smaller size relative to its neighbours in Island Lakes, not necessarily its condition. It can suggest a potentially lower property tax burden relative to the neighbourhood.
3. Is the renovated basement included in the square footage?
No, the 1,220 sqft figure refers to the above-grade living area. The renovated basement is additional space, which significantly increases the home’s usable square footage and functionality.
4. What is the significance of the 2003 build year?
Built in 2003, this home is newer than approximately 84% of homes in Winnipeg. This is a key advantage, suggesting major components like the roof, windows, and HVAC system are likely in good condition and built to more modern codes, potentially reducing near-term maintenance costs.
5. How can I find out the exact historical sale price?
The exact sold prices are not publicly displayed in detail. You can request the precise sale history by emailing via the provided button on the listing page. The service is manual but straightforward, with a promise of a reply by the end of the same business day and no unsolicited marketing.
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