Property score
71.3
Good
Overall 71.3 · Smaller than most nearby homes
1,058 sqft (bottom 5%) · Built in 1994 (1 yr older than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 8 dining spots, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Near average
1 yrs older 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
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71.3 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
48 Mckall Bay — 17 amenities found within 500 m, across 8 categories, including 8 dining (nearest 152 m), 1 healthcare (nearest 311 m), 1 shopping (nearest 222 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 1% | Bottom 1% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 48 Mckall Bay in Winnipeg's Island Lakes neighbourhood presents a specific and practical value proposition. Its key appeal lies in being an affordable entry point into a well-established, family-oriented community. With 1,058 sqft of living space, it is notably compact compared to most homes on its street and in Island Lakes, but it benefits from a renovated basement, increasing its usable space. The attached garage and a standard-sized lot round out the core features. Built in 1994, it is newer than many Winnipeg homes, which can be a plus for maintenance.
The property would suit first-time buyers or downsizers seeking single-level living without the premium price tag of a larger bungalow. Its below-average assessed value for the area signals a potentially lower property tax burden, a practical advantage for budget-conscious owners. A thoughtful perspective is that this home offers the desirable Island Lakes lifestyle—access to parks, waterways, and community amenities—without requiring the upkeep of a larger property, making it a streamlined choice for a simpler lifestyle.
Frequently Asked Questions
1. Is this the smallest home on the street?
Based on the data, it is among the smallest. It ranks 37th out of 38 homes on Mckall Bay for living area, meaning most neighbours have larger homes.
2. How does its value compare to the rest of Winnipeg?
City-wide, its assessed value is around the middle of the pack (top 45%). This indicates you are paying primarily for the specific location in Island Lakes, not for an unusually large or high-end home.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This is a key question for your viewing or for your real estate agent to clarify with the seller regarding the finish quality, permits, and intended use (e.g., additional bedroom, living space).
4. The last sold price shows a range around $27.5k-$30.5k. Is that accurate?
No, that figure is not the actual sale price of the home. It is an artifact of incomplete public data. The true sale history is available by request from the site, as noted. The current asking price will be market-driven and significantly higher.
5. Given its smaller size, is the lot also smaller?
The lot is fairly typical. At just under 5,500 sqft, it is close to the average for both the street and the city, offering standard outdoor space for the neighbourhood.
