Property score
90.3
Excellent
Overall 90.3 · Larger and newer than most nearby homes
2,361 sqft (top 2%) · Built in 2005 (10 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 park nearby
Living Area
Above average
44% larger than neighborhood avg.
Year Built
Above average
10 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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90.3 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
39 Frigate Bay — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 205 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 35% | Top 38% | Top 20% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 41% | Top 42% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 39 Frigate Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This two-storey home in Island Lakes stands out for its above-average scale and premium positioning within its immediate neighborhood. Built in 2005, it offers 2,361 sqft of living space, which ranks in the top 3% of homes on Frigate Bay. The property sits on a large, 9,512 sqft lot, providing substantial outdoor space that is a rarity among newer subdivisions. A renovated basement and an attached garage add to its functional appeal.
The home’s primary draw is its elite standing in a highly desirable, established area. It’s not just a large house; it consistently ranks in the top 10% of its peer group for key metrics like living area, lot size, and assessed value. This suggests a property that has been maintained well and offers more substance than many contemporary builds. It would particularly suit buyers looking for a family home in a mature neighborhood who value space—both indoors and out—over a brand-new construction. It’s also a compelling option for those who appreciate a home with a proven history of value retention and a standout presence on its street.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in early 2020 for an estimated range of $455,000 - $485,000. Its current assessed value is $607,000. This significant gap is common and reflects market appreciation over recent years; the assessed value is for taxation purposes, while the market sale price is determined by current buyer demand.
2. Is the large lot a common feature in Island Lakes?
No, it’s a distinguishing feature. At 9,512 sqft, this lot is substantially larger than the average for both Frigate Bay (~5,751 sqft) and the wider Island Lakes area (~6,407 sqft), offering uncommon privacy and yard space for the neighborhood.
3. What does the "Elite" ranking for living area mean?
It means this home’s square footage is in the top 3% of all 37 homes on Frigate Bay and the top 2% of over 2,100 homes in Island Lakes. Simply put, it is one of the largest homes available in this popular area.
4. The home is 21 years old. What should I consider?
Built in 2005, the home is newer than the Winnipeg city average. Key systems (roof, HVAC, windows) may be approaching or within their typical replacement windows, so a thorough inspection is advised. The renovated basement is a positive update.
5. Are sale prices for nearby homes a good indicator of value for this property?
Nearby homes on the same street provide useful context, but this property’s combination of superior lot size and living area makes it a unique offering. Its value should be compared to other premium, larger-lot homes in Island Lakes, not just its immediate neighbors.
