Property score
78.0
Good
Overall 78.0 · Smaller but newer than most nearby homes
1,204 sqft (bottom 10%) · Built in 2006 (11 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 48.0 · 8-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 2 parks nearby
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Above average
11 yrs newer than neighborhood avg.
Mother tongue
English · 64%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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78.0 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: #46111206
$141K
Median household income
$153K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
7%
Single-person households
54%
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
3 Captains Way — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 402 m), 2 parks (nearest 235 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 1% | Bottom 4% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 3 Captains Way in Winnipeg's Island Lakes neighbourhood presents a specific and practical profile. Its key appeal lies in being a well-maintained, modern home on a generous lot within a sought-after community, but with a living space footprint that is notably compact.
Key Characteristics & Ideal Buyer
The home’s primary characteristic is its contrast between a very recent build year (2006, among the newest on its street) and a modest 1,204 sqft of living area, which is below average for both the immediate street and the Island Lakes area. This is balanced by an above-average, city-wide assessed value of $470k and a larger-than-street-average land area of 5,875 sqft. The home features an attached garage and a renovated basement, adding functional space.
Its appeal is grounded in efficiency and location. It suits buyers seeking a low-maintenance, modern home in a prime neighbourhood without the larger square footage that typically accompanies it—ideal for empty-nesters, small families, or professionals who value quality of community over interior size. The generous lot offers outdoor potential not always available with newer homes. A thoughtful perspective is that this property represents an entry point into Island Lakes, offering the neighbourhood's amenities and prestige at a potentially more accessible price point due to its smaller scale, while the renovated basement helps offset the main floor's limited space.
Frequently Asked Questions
1. Is the living area too small for the neighbourhood?
While the living area is below the average for Island Lakes, the home is one of the newest on the block and is positioned on a larger lot. It appeals to those prioritizing a modern build and outdoor space over sheer interior square footage.
2. Why is the assessed value high relative to the home's size?
The assessed value of $470k reflects the desirable Island Lakes location, the modern build year, the renovated basement, and the lot size. City-wide, this value is in the top 25%, indicating strong perceived value for its overall package beyond just square footage.
3. What is the potential for expansion or renovation?
The combination of a one-storey design and an above-average lot size for the street could provide long-term potential for additions, subject to local zoning and bylaws. The basement renovation is already completed.
4. How does this home compare to others on Captains Way?
It is one of the newest homes on the street (ranked 1 of 40 for year built) but has the smallest living area. Its land parcel, however, is larger than most of its immediate neighbours (ranked 8 of 40 for land area).
5. What is the exact prior sale price?
The public data shows a sale in October 2016 in the range of $315k-$345k. For the precise historical sale price, you can request the exact figure via email from the listing source.
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