3-360 Island Shore Boulevard

Island Lakes, Winnipeg

Property score

85.8

Excellent

Overall 85.8 · Larger and newer than most nearby homes

2,380 sqft (top 4%) · Built in 2002 (3 yrs newer than avg)

Located in a high-income area with median household income of ~98k

Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 1 school, and 3 parks nearby

Living Area

Above average

58% larger than neighborhood avg.

Year Built

Above average

3 yrs newer than neighborhood avg.

Mother tongue

English · 68%French · 6%

Past 10 years Island Lakes sales snapshot (~80% of all data)

Sold Count

63

Median price

398.9k

$/sqft

$334/sqft

Avg build year

1999

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Property score

85.8 is composed by the two sections below.

Property Score

90.1Excellent
Living Area2,380 sqft96Excellent
Year Built200287Excellent
Neighbourhood Sales Activity32Low

Community Score

79.4Good
Household Income84Excellent
Education Level72Good
Housing Stress74Good
Core Housing Need88Excellent
Employment Health68Good

Neighbourhood Sales

Island Lakes

How to read: Share of sales in each ~$50k price band for “island lakes” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111195

Community deep dive

$98K

Median household income

$110K

Average household income

10%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.6

P90 / P10 ratio

22%

Single-person households

32%

Families with children

Population, labour & age

Population (2021)1,210
Labour force participation rate67%
Median age38.8
Avg household size2.6
Unemployment rate8%
Population density2630 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households22%
Couple families with children32%
Median household income (2020)$98K

Housing

Renter households36%
Condominium dwellings15%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)22%
Visible minority35%
Bachelor's or higher (25–64)39%
Mother tongue (1st)English · 68%
Mother tongue (2nd)French · 6%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
2,380 sqft
0255075100
Same streetTop 10%Same areaTop 4%CitywideTop 1%
Same street · Island Shore Boulevard
#5 / 50
Top 10% · Avg 1,884 sqft
Same area · Island Lakes
#5 / 137
Top 4% · Avg 1,510 sqft
Citywide · Winnipeg
#97 / 26,841
Top 1% · Avg 1,042 sqft

Tax-Assessed Value

above average
430k
0255075100
Same streetTop 38%Same areaTop 26%CitywideTop 7%
Same street · Island Shore Boulevard
#19 / 50
Top 38% · Avg 435.3k
Same area · Island Lakes
#36 / 137
Top 26% · Avg 412.2k
Citywide · Winnipeg
#1,812 / 26,841
Top 7% · Avg 256.1k

Year Built

above average
2002
0255075100
Same streetBottom 18%Same areaTop 30%CitywideTop 40%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

3-360 Island Shore Boulevard — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 204 m), 3 parks (nearest 248 m).

Search radius
🏫Education1
🌳Parks3

Crime & Safety

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%

Sales History

Sold 4/2021CA$350k–400k
Sold price

Same street

Bottom 39%

Same area

Top 41%

City-wide

Top 10%
Sold 5/2016CA$350k–400k
Sold price

Same street

Bottom 17%

Same area

Bottom 41%

City-wide

Top 14%

Related homes

Highlights & common questions: 3-360 Island Shore Boulevard, Winnipeg

Property Overview

This condominium at 3-360 Island Shore Boulevard in Winnipeg's Island Lakes neighbourhood presents a compelling mix of space, value, and location. Built in 2002, it stands out primarily for its generous scale, offering a living area that ranks within the top tier of homes both locally and city-wide.

Key Characteristics & Appeal

The defining feature of this property is its significant size. At 2,380 square feet, it offers substantially more space than the average Winnipeg home, placing it in the top 1% city-wide. This makes it a rare find for a condominium, appealing to buyers who desire a spacious, low-maintenance lifestyle without sacrificing square footage. The appeal lies in this unique combination: the convenience of condo living paired with the roominess typically found in a large detached house.

Its assessed value of $430,000 is considered above average for the city and the Island Lakes area, yet it appears positioned as a value proposition when considered against its exceptional living area. This suggests you are paying more for the space itself rather than an inflated per-square-foot premium. The unit is part of a well-established, mature complex in a sought-after neighbourhood, offering stability and access to local amenities.

This home would best suit downsizers from larger family homes who are reluctant to compromise on space, professionals seeking a premium lock-and-leave property, or anyone who prioritizes extensive living areas over having a private yard. It’s a practical choice for those who want the community and maintenance benefits of condo living but need room for a home office, guests, or personal collections.

Frequently Asked Questions

1. What does the condo fee cover, and what is the amount?
This is the most critical question for any condo purchase. The fee typically covers building insurance, common area maintenance, reserve fund contributions, and potentially some utilities. The exact amount and breakdown are essential for understanding your total monthly costs.

2. How healthy is the condominium corporation's reserve fund?
Given the building's age (24 years), major repairs or replacements for common elements like roofing, paving, or balconies may be upcoming. A well-funded reserve fund indicates the corporation is financially prepared for these projects without imposing special levies.

3. Are there any rental restrictions or pet policies?
Condo bylaws can limit the ability to rent out the unit or impose rules on pets. Clarifying these policies upfront is crucial for investors or pet owners.

4. What is the parking situation?
Confirm the number and type of parking spots included (e.g., underground, surface), and whether there is additional visitor parking readily available.

5. How do the recent sold prices compare to the current assessed value?
The historical sold price data shows a range. Understanding where the current assessed value and asking price sit within that recent history provides context for the market trend and current valuation.

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