Property score
73.4
Good
Overall 73.4 · Smaller than most nearby homes
1,143 sqft (bottom 8%) · Built in 1991 (4 yrs older than avg)
Located in a high-income area with median household income of ~133k
Transit 62.0 · 2-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
30% 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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73.4 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: #46111202
$133K
Median household income
$160K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
14%
Single-person households
38%
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
265 Island Lakes Drive — 6 amenities found within 500 m, across 4 categories, including 2 dining (nearest 435 m), 2 parks (nearest 309 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 17% | Bottom 9% | Top 46% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 6% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 265 Island Lakes Drive
Key Characteristics & Buyer Profile
This is a well-maintained, single-storey home built in 1991, featuring an attached garage and a renovated basement. With 1,143 sqft of living space on a 4,416 sqft lot, its size is modest for the Island Lakes neighbourhood but aligns closely with the Winnipeg city average. The home’s assessed value is notably below average for the immediate street and area, yet sits around the city-wide median, suggesting it represents a more accessible entry point into this established community.
Its primary appeal lies in its balance of updates and location. The renovated basement adds functional living space, while the 1991 build date means major components are younger than many city homes. It suits first-time buyers or downsizers seeking a manageable, single-level layout in a desirable neighbourhood without the premium price tag of a larger Island Lakes property. A thoughtful perspective is that its "below average" metrics for the area could be seen as an opportunity for value-conscious buyers to secure a home in a mature community where the land and location carry significant inherent value.
Frequently Asked Questions
1. How does this home’s size compare to others in Island Lakes?
It is smaller than most homes in the neighbourhood, ranking in the bottom 10% for living area within Island Lakes. This is a key factor in its more accessible price point for the area.
2. What does the assessed value tell me about the price?
The assessed value is below the average for both the street and Island Lakes as a whole, but is near the city-wide average. This typically indicates the home may be priced more competitively within its own desirable neighbourhood.
3. Is the lot size a drawback?
The lot is under 5,000 sqft, which is below average for Island Lakes where many properties are larger. However, it is close to the average lot size for the specific street and is very near the city-wide average, offering a standard outdoor space with less maintenance.
4. The home was last sold in 2017 and 2019. What does that indicate?
The two sales within a short period could suggest a previous investment or flip, especially given the mention of a renovated basement. It underscores the importance of a thorough inspection to verify the quality and permits for the renovations.
5. Who would this property not suit?
Buyers seeking a large home or yard by Island Lakes standards may find it too compact. It’s also not suited for those needing multiple bedrooms or bathrooms on the main floor, as the specific layout isn’t detailed here. The value is in the community and the renovated condition, not in expansive square footage.
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