Property score
80.1
Excellent
Overall 80.1 · Compared with neighbourhood average
1,554 sqft (bottom 40%) · Built in 1991 (4 yrs older than avg)
Located in a high-income area with median household income of ~148k
Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 1 dining spot, 2 parks, and 1 fuel station nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Near average
4 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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80.1 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
254 Island Lakes Drive — 4 amenities found within 500 m, across 3 categories, including 1 dining (nearest 477 m), 2 parks (nearest 324 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 50% | Bottom 17% | Top 41% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 254 Island Lakes Drive is a well-situated property in a mature Winnipeg neighbourhood. Built in 1991, it offers 1,554 sqft of living space with an attached garage and an unfinished basement. The appeal lies in its above-average living space for both the immediate street and city-wide context, paired with a relatively modest assessed value. It presents a practical opportunity in a sought-after area, particularly for buyers who prioritize interior space over a large yard, as the lot is more compact than many in Island Lakes. The home suits value-conscious buyers looking for a solid foundation in a convenient location—a "blank canvas" type of property where future renovations can add significant personal and financial value.
Key Considerations & FAQs
What is the property’s main value proposition?
The home offers more living space than many comparable properties on its street and across Winnipeg, while its assessed value is positioned below the neighbourhood average. This suggests you are getting more house for your dollar here than in much of Island Lakes, though the trade-off is a smaller lot.
How does the lot size impact the property?
The land area is notably smaller than most in the Island Lakes area. This means lower maintenance, but also less private outdoor space compared to neighbours. It’s a practical choice for those who prefer a low-maintenance yard but may not suit those wanting extensive gardening or outdoor recreation space.
What does "above average" for year built mean?
Built in 1991, the home is newer than most in Winnipeg and on its specific street. In a neighbourhood of similar-aged homes, this is a slight positive, indicating potentially fewer concerns related to very aged components compared to the city's older housing stock.
Is the unfinished basement a drawback or an opportunity?
The unrenovated basement is a key consideration. It requires investment to finish but offers the chance to add significant value and customize the extra space to your needs, without paying a premium for someone else’s finished layout.
How stable has the property’s value been?
Based on available data, the home sold in the $355k-$385k range in mid-2019. Its current assessed value is consistent with that general price point, indicating stable value in its market segment over the past several years.
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