Property score
82.8
Excellent
Overall 82.8 · Newer than most nearby homes
1,654 sqft (top 47%) · Built in 2021 (26 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Above average
26 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
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82.8 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: #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 Scholberg Lane — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 298 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 40% | Bottom 47% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 48 Scholberg Lane, Island Lakes
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2021, offers modern living in Winnipeg's established Island Lakes neighbourhood. Its key appeal lies in its balance of being a newer construction within a mature community. With 1,654 sqft of living space and an attached garage, the home provides comfortable, low-maintenance family living.
The property's standout characteristic is its age. It ranks in the top 1-2% for year-built both within Island Lakes and citywide, meaning it offers contemporary building standards, energy efficiency, and modern layouts that are rare in the area. This is paired with an assessed value that is competitive and around the average for its immediate street and neighbourhood.
However, the lot size is notably smaller than most in Island Lakes and across Winnipeg. This translates to less yard maintenance—a perk for busy professionals or those seeking a lock-and-leave lifestyle—but less private outdoor space. The home does not have a pool, and the basement is present but unrenovated, offering potential for future customization.
This property would best suit buyers looking for a modern, move-in-ready home who value being part of a long-established community with mature trees and amenities. It’s ideal for those who prefer spending time indoors or at nearby parks rather than on extensive yard work. It represents a practical choice for a young family or downsizers wanting a newer build without venturing to the distant outskirts of the city.
Section 2: Frequently Asked Questions
1. How does the lot size impact daily living?
While the land area is smaller than the neighbourhood average, it means less time and cost spent on landscaping. The trade-off is a more compact backyard, so if extensive gardening or large outdoor gatherings are a priority, this is an important consideration.
2. What does the "unrenovated basement" entail?
The basement is finished as living space but has not been updated since the home was built in 2021. It’s essentially a blank canvas. Buyers should budget for potential updates to suit their tastes, but they won’t be dealing with outdated finishes from decades ago.
3. The home sold in 2021. Why is that price so different from the current assessed value?
The sold price from 2021 reflects the purchase price when the home was brand new. The current assessed value of approximately $500k is set by the municipal authority for taxation purposes and reflects the property's estimated market value in the current real estate landscape.
4. Is the property’s above-average citywide ranking a significant advantage?
Yes, but context is key. Ranking above average citywide for living area and value indicates you get a relatively spacious and valuable home compared to all of Winnipeg. However, your daily life is more directly influenced by the neighbourhood metrics, where this home is comfortably average for Island Lakes.
5. What are the benefits of a home built in 2021 in an older neighbourhood?
You benefit from modern construction codes, energy efficiency, and contemporary floor plans while enjoying the established character, mature greenery, and fully developed amenities of Island Lakes. It also likely means fewer immediate major repair costs compared to an older home in the same area.
