Property score
82.1
Excellent
Overall 82.1 · Larger but older than most nearby homes
1,841 sqft (top 27%) · Built in 1985 (10 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Above average
13% 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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82.1 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
38 Tidewater Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 153 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 25% | Bottom 48% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 38 Tidewater Bay, Island Lakes
Key Characteristics & Buyer Profile
This two-storey home in Island Lakes offers a practical blend of space and location. At 1,841 sqft, the living area is comfortably above the Winnipeg average, providing ample room for a family. A key feature is the renovated basement, adding valuable finished space. The home is on the older side for the immediate neighborhood, built in 1985, but this is balanced by its above-average citywide assessment value, suggesting it has been well-maintained or updated.
Its appeal lies in its established community setting and efficient footprint. While the lot size is smaller than others on Tidewater Bay, it is typical for Island Lakes overall, requiring less maintenance. The attached garage is a practical asset for Winnipeg winters. This property would best suit a buyer looking for a move-in-ready family home in a mature, sought-after neighborhood like Island Lakes, who values interior space and a renovated basement over a large yard or a brand-new build. It represents an opportunity to enter a popular area where the home itself offers more modern living space than the vintage might suggest.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value is above average citywide, it's below average for both Tidewater Bay and Island Lakes. This can sometimes indicate a pricing opportunity, but the final sale price will depend on market conditions, the quality of the renovations, and how the home compares to recent sales in the area.
2. What does the "older" build year mean for a buyer?
Built in 1985, the home's major systems (roof, windows, furnace) may be nearing or have undergone replacement. A thorough inspection is advised. Conversely, homes from this era often feature larger room sizes and mature landscaping compared to newer subdivisions.
3. The lot is smaller than others on the street. Is that a significant drawback?
For those prioritizing a large yard for play or gardening, it may be. For buyers seeking lower outdoor maintenance or who value community parks (like those near Island Lakes), the standard-sized lot is a manageable trade-off for the location and interior space.
4. The basement is noted as renovated. What should I ask about this?
It's important to verify the scope of the renovation, whether permits were obtained, and the quality of the finish. Ask about moisture control and the home's drainage, as a renovated basement adds value only if it is dry and properly finished.
5. How does this home fit within the Island Lakes community?
Island Lakes is known for its lakes, pathways, and community feel. This home positions you in the heart of that, but on a street where it is one of the more modest properties in terms of lot size and assessed value. It offers the community amenities while potentially representing a more accessible entry point.
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