Property score
80.5
Excellent
Overall 80.5 · Compared with neighbourhood average
1,618 sqft (bottom 48%) · Built in 1993 (2 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 school, and 3 parks nearby
Living Area
Near average
1% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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80.5 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: #46111195
$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
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
40 Lagace Place — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 261 m), 3 parks (nearest 258 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 20% | Top 14% | Top 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 40 Lagace Place, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes presents a balanced and practical offering for buyers seeking established community living. Built in 1993, it features 1,618 sqft of living space, an attached garage, and a renovated basement. The home sits on a notably generous 7,894 sqft lot, which is well above average for both the neighborhood and the city, offering ample private outdoor space.
Its primary appeal lies in its solid positioning within a mature, family-friendly area. The data suggests it is not an outlier in size or assessed value on its own street, indicating a good fit within a consistent, well-regarded enclave. This is a home for buyers who value space and stability over flashy newness. It would suit growing families or downsizers alike who appreciate a large yard, the practicality of a renovated lower level, and the desirability of the Island Lakes community with its parks and pathways. A thoughtful perspective is that while the home's living area is average for the immediate area, its lot size is a significant asset, offering future potential and a sense of privacy that is becoming rarer in newer subdivisions.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Island Lakes?
The home is consistently "around average" for its street and the broader neighborhood in terms of living area and assessed value. Its standout feature locally is its land area, which is in the top 18% of Island Lakes, meaning the lot is larger than most in the community.
2. What is the significance of the sold price history shown?
The listed sold price range (e.g., $53.50k ~ $56.50k in 6/2022) is an estimate based on public data. The exact sale price is available upon request from the site, as they manually verify records to ensure accuracy.
3. Is a 1993-built home considered old?
While 33 years old, the home is newer than the Winnipeg city-wide average. On its own street, it ranks as the newest among comparable homes, suggesting the immediate area is uniformly mature and well-established.
4. What does the "renovated basement" include?
The details provided confirm the basement is renovated but do not specify the scope. This is a key point to clarify with the listing agent to understand the finish quality, layout, and whether it includes a legal suite or additional bedrooms.
5. How stable is the property value in this location?
The assessed value is steady and aligned with the neighborhood average. The home's consistent metrics within its peer group on Lagace Place suggest a stable value proposition without extreme fluctuations, typical of established areas.
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