Property score
82.4
Excellent
Overall 82.4 · Newer than most nearby homes
1,664 sqft (top 46%) · Built in 2020 (25 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Above average
25 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
82.4 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: #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
40 Scholberg Lane — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 305 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 20% | Bottom 32% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
40 Scholberg Lane is a modern, two-storey home in Winnipeg’s Island Lakes neighbourhood. Built in 2020, it offers 1,664 sqft of living space with an attached garage and an unfinished basement. The home sits on a 3,816 sqft lot. Its current assessed value is $50.10k.
Key Characteristics & Appeal
This home’s primary appeal is its modern construction in an established neighbourhood. Built just six years ago, it is newer than 97% of homes in Winnipeg and 99% of homes in Island Lakes, suggesting lower immediate maintenance costs and modern building standards. The living space is above average citywide, offering room for a growing family or home office, yet the property is priced within the middle range for its immediate street and area. This creates a value proposition: you get a relatively new home without a premium "brand new" price tag.
The lot size is notably smaller than most in Island Lakes and across the city. This isn’t necessarily a drawback—it means less yard maintenance, which suits busy professionals or those seeking a lock-and-leave lifestyle while still having private outdoor space. The unfinished basement presents a clear opportunity for customization and added value, allowing the next owner to finish it to their specific needs.
This property would suit first-time buyers or young families looking for a move-in ready, modern home in a mature community with amenities. It’s also a practical fit for value-conscious buyers who want the benefits of a newer build (efficiency, modern layout) but are comfortable with a more compact yard.
Frequently Asked Questions
Q: How does the assessed value relate to the likely selling price?
A: The assessed value ($50.10k) is for municipal tax purposes. The home last sold in early 2021 for approximately $38.50k–$41.50k. The current selling price will be influenced by current market conditions, recent upgrades, and direct comparable sales.
Q: What are the pros and cons of the smaller lot size?
A: The lot is smaller than most in the area. The advantage is significantly reduced yard work and lower landscaping costs. The potential downside is less space for large gardens, play structures, or expansive outdoor entertaining.
Q: The basement is unfinished. What should I consider?
A: This is a blank canvas. You can finish it to add living space, such as a rec room or extra bedroom, but you must budget for permits, materials, and labour. Ensure you check for any necessary moisture protection or insulation requirements first.
Q: How does this home compare to others on the street and in Island Lakes?
A: In terms of size and assessed value, it is very average for Scholberg Lane and the Island Lakes area. Its standout feature is its age—it is one of the newest homes in the entire neighbourhood, which is a key differentiator.
Q: Where can I find the exact historical sold price?
A: The exact sold price is not publicly displayed in detail here. You can request it by email via the button on the property page. The service provides the accurate figure manually and does not use your email for unsolicited marketing.
