Property score
83.7
Excellent
Overall 83.7 · Newer than most nearby homes
1,581 sqft (bottom 44%) · Built in 2004 (9 yrs newer than avg)
Located in a high-income area with median household income of ~148k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Above average
9 yrs newer than neighborhood avg.
Mother tongue
English · 70%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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83.7 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: #46111205
$148K
Median household income
$155K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
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
46 Frigate Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 227 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 12% | Top 12% | Top 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 46 Frigate Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Island Lakes offers a practical and comfortable living space. Its key characteristics include 1,581 sqft of living area, a renovated basement, an attached garage, and a notably large lot of 6,779 sqft. Built in 2004, the home is modern enough to avoid major immediate repairs but has a history that allows for settled neighborhood dynamics.
The appeal lies in its balance and above-average positioning. While the living space is typical for the street and neighborhood, the property stands out for its assessed value and land size, which rank in the top 20-30% across multiple comparisons. This suggests a premium lot and a home that has been valued favorably relative to its peers. The renovated basement adds immediate functional space without the need for a project.
This home would suit buyers looking for single-level living in a mature, family-friendly suburb. It’s ideal for those who value a larger, private yard over having the largest house on the block. The strong assessment metrics and recent sale history also make it a sensible consideration for value-oriented buyers who see merit in a property that consistently performs well against neighborhood benchmarks.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in April 2023 for a price range between $545,000 and $575,000. Its current assessed value is $564,000, which aligns closely with that recent sale, indicating a stable and supported valuation.
2. Is the lot size a significant feature?
Yes. At 6,779 sqft, the lot is larger than most on Frigate Bay and in the wider Island Lakes area. This provides more private outdoor space, which is a less common find in newer suburbs and can be a long-term asset.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished recreational space, contains additional bedrooms, or includes a separate entrance.
4. How does this home rank for its age?
Built in 2004, the home is newer than about 85% of homes citywide. On its own street and in Island Lakes, it’s about average age. This means major components like the roof, windows, and HVAC are likely within or approaching a standard lifecycle for replacement, which is an important inspection and budgeting consideration.
5. Where can I find the exact historical sale price?
The exact sold price is not publicly displayed due to data privacy. The listing service offers to provide the precise figure via email upon request, which they handle manually without using the contact for unsolicited marketing.
