Property score
74.8
Good
Overall 74.8 · Smaller than most nearby homes
1,263 sqft (bottom 17%) · Built in 1992 (3 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Near average
3 yrs older than neighborhood avg.
Mother tongue
English · 71%French · 5%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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74.8 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: #46110514
$106K
Median household income
$129K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
18%
Single-person households
31%
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
47 Chenier Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 37 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 9% | Top 18% | Top 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
47 Chenier Bay is a bi-level home in Winnipeg's Island Lakes neighbourhood. Built in 1992, it features 1,263 sqft of living space, an attached garage, and a renovated basement. The property sits on a 5,567 sqft lot.
Key Characteristics & Appeal
This home presents a specific value proposition. Its key appeal lies in its above-average assessed value relative to its size, suggesting updates or desirability factors not fully captured by square footage. The renovated basement adds functional living space. However, it's one of the smallest homes on its street and sits on the smallest lot in the immediate area.
It would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize move-in readiness and a modernized interior over sheer size. The appeal is less about spaciousness and more about efficient use of space and relative investment within the Island Lakes community. A thoughtful perspective is that while it ranks low for size on its own street, it holds its own in assessed value, indicating it may offer better finishes or condition than some larger, older neighbours.
Frequently Asked Questions
1. How does the home's size compare to others in the area?
At 1,263 sqft, the living area is below the average for both Chenier Bay and the wider Island Lakes neighbourhood, but it is close to the average for the entire city.
2. What does the "above average" assessed value indicate?
The assessed value is higher than many comparable homes on the street and citywide. This often reflects factors like renovations (the basement is noted as renovated), overall condition, or property features that add value beyond raw square footage.
3. Is the lot size a significant consideration?
The lot is the smallest among the 20 homes on Chenier Bay. This may mean a smaller backyard but could also translate to less maintenance. It is generally in line with average lot sizes for Island Lakes and the city.
4. How old is the home, and what does that mean for maintenance?
Built in 1992, the home is newer than most on its street. While this can mean more modern construction standards, major components like the roof, windows, or HVAC system may be nearing or due for updates given its age.
5. Where can I find the exact historical sold price?
The exact sold price is not publicly displayed. The listing service provides an estimated sold price range and offers to send the precise figure via email upon request, which they handle manually.
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