Property score
87.5
Excellent
Overall 87.5 · Larger but older than most nearby homes
2,604 sqft (top 1%) · Built in 1985 (10 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 2 parks nearby
Living Area
Above average
59% larger than neighborhood avg.
Year Built
Below average
10 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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87.5 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
27 Tidewater Bay — 3 amenities found within 500 m, across 2 categories, including 1 dining (nearest 462 m), 2 parks (nearest 196 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% | Top 3% | Top 4% |
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 27 Tidewater Bay in Winnipeg's Island Lakes neighbourhood presents a compelling blend of space, location, and established character. Its primary appeal lies in offering above-average proportions on multiple fronts within a sought-after community.
Key Characteristics & Buyer Profile
The home's standout features are its generous scale and lot size. With 2,604 sqft of living space, it ranks in the top 9% on its street and the top 1% within Island Lakes. This is complemented by a large 14,360 sqft lot, placing it in the top 2% of the neighbourhood, offering significant outdoor space and privacy. The property includes a renovated basement, an attached garage, and a pool. While the home itself is older, built in 1985, its assessed value is strong, ranking in the top 2% for the area.
Its appeal is for the buyer seeking established prestige and room to breathe. It suits a family looking for a long-term home with ample indoor and outdoor space for growing or entertaining, or someone who values a large, private yard in a mature, well-regarded suburb. A thoughtful perspective is that this property offers the "bones" and land size that are increasingly rare in newer developments, appealing to those who prioritize space over a brand-new build. The recent renovation of the basement also suggests some modern updates within a classic footprint.
Frequently Asked Questions
1. How does the age of the home (built 1985) affect its value and appeal?
While older than many homes in Island Lakes, its above-average assessed value and elite rankings for size and lot indicate these physical attributes significantly outweigh its age. It represents a classic, well-built home in a mature setting, which many buyers prefer for its established landscaping and community feel.
2. Is the pool a valuable asset for resale?
A pool can be a double-edged sword. It's a fantastic private amenity for the right buyer, offering immediate summer recreation. However, it also entails maintenance and insurance considerations. Its value is highly subjective and depends on the buyer's lifestyle.
3. What does the "Elite" ranking for lot size in Island Lakes practically mean?
Practically, it means you are getting one of the largest properties in the neighbourhood. This translates to more privacy, greater potential for gardening, expansions, or outdoor living spaces, and typically a greater distance from neighbouring houses compared to newer, more densely packed subdivisions.
4. The home last sold in May 2023. Why might it be back on the market so soon?
While the exact reason isn't provided, short ownership periods can be due to numerous life changes unrelated to the property itself, such as job relocation, change in family circumstances, or a strategic investment flip. The recent sale provides a clear, modern price benchmark.
5. How does the assessed value relate to the expected market selling price?
The assessed value (for municipal tax purposes) is a formal estimate but is not a direct predictor of market price. Market price is determined by current buyer demand, comparable sales, and the home's condition. The fact that its assessed value is in the top 2% for the area is a strong positive indicator of its underlying worth.
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