Property score
72.9
Good
Overall 72.9 · Smaller and older than most nearby homes
1,176 sqft (bottom 9%) · Built in 1986 (9 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 1 park nearby
Living Area
Below average
28% 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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72.9 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
25 Waterfront Road — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 203 m), 1 parks (nearest 203 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%
25 Waterfront Road: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This 1,176-square-foot home, built in 1986, sits on a 6,002-square-foot lot in the Island Lakes neighbourhood. Its most notable feature is value: the assessed value of $412,000 tracks below the street and neighbourhood averages, but sits above the citywide median for comparable homes. In plain terms, it’s priced lower than many of its immediate neighbours while being reasonably aligned with the broader Winnipeg market.
The living area is on the smaller side relative to nearby homes, and the property is older than much of the surrounding area, which skews toward the mid-1990s. However, the lot size is typical for the neighbourhood and slightly larger than average citywide. The home isn’t a standout in any single category, but it offers a balanced profile without extreme trade-offs.
This property would suit a buyer who prioritizes relative affordability in a desirable neighbourhood over maximum square footage. It may also appeal to someone open to updating or personalizing an older home, as the below-average assessed value on the street suggests room for potential equity growth. Families or individuals drawn to Island Lakes for its amenities, schools, or character may find this a more accessible entry point, trading off a bit of space and newer construction for a lower purchase price.
1. How does this property compare to others on Waterfront Road?
It ranks near the bottom of the street for living area (47th out of 54) and assessed value (49th out of 54), but close to average for year built and land size. In short, it’s one of the more modest homes on the block, which can be an advantage if you’re looking for a lower-cost option in that location.
2. Is the assessed value a good indicator of market price?
Assessed value is a useful benchmark, but not a direct market price. This home’s citywide ranking (top 35%) suggests it sits slightly above the middle of the market, but its street-level ranking (top 91%) indicates it’s well below the average for its immediate area. You’d want to look at recent sales on the street for a more precise picture.
3. The living area is below the street average—does that matter in practice?
It depends on your needs. At 1,176 square feet, this is a compact home by modern suburban standards. If you’re used to open layouts or have a large household, it may feel tight. For a couple, small family, or someone downsizing, it could be perfectly adequate—especially if the layout is efficient.
4. What does “Top 91%” in neighbourhood ranking actually mean?
It means the home outperforms 91% of comparable homes in that category. For assessed value, it’s a positive—your property is valued lower than most nearby homes, which could translate to lower property taxes. For living area or year built, it’s less favourable, indicating the home is smaller or older than most in the neighbourhood.
5. Are there any hidden downsides to a home built in 1986?
Homes from the mid-1980s are now approaching 40 years old. Typical considerations include original windows, roofing, mechanicals (furnace, hot water tank), and potential for outdated electrical or plumbing. It’s wise to budget for inspections on these items. The trade-off is that these homes often have more established landscaping and mature trees than newer builds.
