Property score
83.4
Excellent
Overall 83.4 · Larger than most nearby homes
1,868 sqft (top 23%) · Built in 1988 (7 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 school, and 3 parks nearby
Living Area
Above average
14% larger than neighborhood avg.
Year Built
Below average
7 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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83.4 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: #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
3 Chenier Bay — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 441 m), 3 parks (nearest 141 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 18% | Top 33% | Top 18% |
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 3 Chenier Bay in Winnipeg's Island Lakes neighbourhood presents a solid, spacious family option. Built in 1988, it features 1,868 sqft of living space, an attached garage, and a full basement. The property sits on a 6,259 sqft lot. Its appeal lies in offering above-average interior space for both the immediate street and the wider city, providing good value for its square footage. The home would suit buyers looking for established, roomy family living in a mature neighbourhood, who are comfortable with a house of this vintage and may have plans for future updates, as the basement is noted as not renovated.
Key Characteristics & Ideal Buyer
The home's key characteristic is its generous proportions. The living area ranks in the top 30% on its street and top 15% city-wide, meaning you get more house for your money compared to many Winnipeg properties. The lot size is also comfortably above average for the area. While the assessed value is around the neighbourhood average, this suggests the price reflects the home's age and condition rather than its size, potentially offering a value proposition for space-seeking buyers. A thoughtful perspective is that a home from this era often comes with larger room sizes and a more established, private yard compared to newer subdivisions. It would best suit a practical buyer who prioritizes interior and outdoor space over a modern, turn-key finish, and who sees potential in personalizing a property over time.
Frequently Asked Questions
1. How does this home’s value compare to others?
Based on assessed value, this property is very typical for its street and slightly below average for the Island Lakes neighbourhood. However, its living space is significantly above average for both, suggesting a favourable cost-per-square-foot ratio.
2. What should I know about the condition?
The listing explicitly notes the basement is "not renovated." Buyers should budget for potential updates and consider a thorough inspection, as the home is nearly 40 years old.
3. Is the lot a good size?
Yes. At over 6,250 sqft, the land area is above average for Chenier Bay and ranks in the top third for Island Lakes, offering ample private outdoor space.
4. How stable is the immediate area?
The home is on a quiet bay. The provided data shows consistent sales activity on Chenier Bay and directly adjacent streets, indicating a stable, established residential area.
5. Where can I find exact historical sale prices?
The exact sold price history is not publicly displayed. The listing service offers to provide this information manually via email upon request, with a stated commitment to reply by the end of the same business day.
