Property score
62.8
Fair
Overall 62.8 · Smaller than most nearby homes
858 sqft (bottom 1%) · Built in 1990 (5 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: 2 dining spots, 2 parks, 1 bank/ATM, and 1 fuel station nearby
Living Area
Below average
48% smaller than neighborhood avg.
Year Built
Near average
5 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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62.8 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
262 Island Lakes Drive — 6 amenities found within 500 m, across 4 categories, including 2 dining (nearest 452 m), 2 parks (nearest 338 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 33% | Bottom 32% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 262 Island Lakes Drive
Key Characteristics & Buyer Appeal
This 1990 bi-level home at 262 Island Lakes Drive presents a compact, efficient living space in a well-regarded Winnipeg neighbourhood. With 858 square feet of living area, it is notably smaller than most homes on its street and within Island Lakes, positioning it as one of the more modestly-sized properties in the area. Its key features include a renovated basement and a detached garage. The lot size is also more compact compared to area norms.
The primary appeal lies in its value proposition within a desirable neighbourhood. It offers an entry point into Island Lakes, which typically features larger, higher-value homes. This makes it particularly suited for first-time buyers, downsizers, or investors seeking a lower-maintenance property in a prime location without the premium price tag of a larger house. The renovated basement adds functional living space, appealing to those looking for a move-in-ready lower level. A thoughtful perspective is that its smaller scale could mean lower utility costs and less upkeep, offering a simpler lifestyle while still providing access to the community's amenities and reputation.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
This home’s living area is 858 sqft, which is below the average for Island Lakes. It ranks among the smaller homes in the neighbourhood, which may translate to a more affordable and manageable property.
2. What is the significance of the assessed value?
The assessed value is $37,500. While this is below the average for Island Lakes, it is around the median when compared city-wide. This highlights the property’s position as a more accessible option within a higher-value neighbourhood.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing or inquiry with the seller is necessary to understand the full scope and quality of the renovation.
4. How recent are the comparable sold prices shown?
The last recorded sale was in July 2024, with a price range of $38,500-$41,500. The listing service notes that exact historical sold prices are available upon direct request via email.
5. Is the lot size typical for the area?
The land area is 4,397 sqft, which is below the average lot size for both the street and the Island Lakes neighbourhood. This means smaller outdoor maintenance but potentially less private yard space than some neighbouring properties.
