77.2
Good
Property score
77.2
Good
Overall 77.2
Smaller than most nearby homes
1,295 sqft (bottom 19%)
Built in 1988 (7 yrs older than avg)
Located in a high-income area
with median household income of ~122k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
21% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 74%French · 7%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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77.2 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: #46111212
$122K
Median household income
$146K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
10%
Single-person households
50%
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
42 Cassin Crescent — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 326 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 47% | Bottom 32% | Top 33% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 5% | Bottom 9% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 42 Cassin Crescent, Island Lakes, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1988, offering a practical and comfortable layout with 1,295 sqft of living space and a renovated basement. It sits on a 6,100 sqft lot in the established Island Lakes neighbourhood and includes an attached garage.
The primary appeal lies in its balance and value. While the home's size is modest for its immediate street and area, it is very close to the Winnipeg city-wide average, suggesting a manageable and efficient footprint. Its assessed value is notably strong city-wide, ranking in the top 23%, which indicates a favorable valuation compared to the broader market. This creates a scenario of a home that may feel cozy on its street but represents a solid, above-average asset within the entire city.
It would suit first-time buyers or downsizers seeking a low-maintenance, single-level layout in a mature neighbourhood. The renovated basement adds functional space, making it a practical choice for small families or those who work from home. A thoughtful buyer will appreciate that it’s a home which punches above its weight in terms of city-wide value, even if it isn't the largest on the block.
Frequently Asked Questions
1. How does this home's size compare to others?
At 1,295 sqft, the living area is below the average for both Cassin Crescent and the wider Island Lakes area. However, it is very close to the average home size across the entire City of Winnipeg, indicating a manageable and typical footprint for many buyers.
2. What does the assessed value tell me?
The assessed value of $47.90k is around average for its immediate surroundings but ranks in the top 23% city-wide. This suggests the property holds stronger value compared to homes across Winnipeg, which can be a positive indicator for long-term equity.
3. Is the lot size a pro or a con?
The 6,100 sqft lot is slightly below average for the city but is consistent with the lot sizes on Cassin Crescent. It provides ample outdoor space for gardening or recreation without the burden of extensive lawn maintenance.
4. What can past sale prices indicate?
The home sold previously in 2016 and 2020. The price increase between those sales, along with its current strong city-wide assessment, suggests a history of appreciating value. However, market conditions have changed since 2020, so a current evaluation is necessary.
5. Who would this neighbourhood suit?
Island Lakes is an established, family-friendly community with parks, waterways, and local amenities. This home is ideal for those who value a quiet, residential setting with a sense of community, and who may prioritize a renovated, move-in-ready property over a larger, dated project home.
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