488 De La Seigneurie Boulevard

Island Lakes, Winnipeg

Property score

85.5

Excellent

Overall 85.5 · Larger and newer than most nearby homes

1,932 sqft (top 17%) · Built in 2003 (8 yrs newer than avg)

Located in a high-income area with median household income of ~148k

Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby

Living Area

Above average

18% larger than neighborhood avg.

Year Built

Above average

8 yrs newer than neighborhood avg.

Mother tongue

English · 70%French · 6%

Past 10 years Island Lakes sales snapshot (~80% of all data)

Sold Count

654

Median price

580k

$/sqft

$348/sqft

Avg build year

1995

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Property score

85.5 is composed by the two sections below.

Property Score

82.2Excellent
Living Area1,932 sqft92Excellent
Year Built200387Excellent
Lot Size4,424 sqft53Fair
Neighbourhood Sales Activity32Low

Community Score

90.5Excellent
Household Income93Excellent
Education Level82Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111205

Community deep dive

$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

Population, labour & age

Population (2021)1,773
Labour force participation rate72%
Median age43.6
Avg household size3.1
Unemployment rate5%
Population density2906 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households10%
Couple families with children50%
Median household income (2020)$148K

Housing

Renter households1%
Condominium dwellings8%
Median dwelling value (owners)$448K

Diversity, education & language

Immigrants (share of pop.)19%
Visible minority24%
Bachelor's or higher (25–64)46%
Mother tongue (1st)English · 70%
Mother tongue (2nd)French · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,932 sqft
0255075100
Same streetTop 7%Same areaTop 17%CitywideTop 13%
Same street · De La Seigneurie Boulevard
#16 / 218
Top 7% · Avg 1,571 sqft
Same area · Island Lakes
#351 / 2,119
Top 17% · Avg 1,635 sqft
Citywide · Winnipeg
#24,382 / 194,458
Top 13% · Avg 1,342 sqft

Tax-Assessed Value

above average
532k
0255075100
Same streetTop 11%Same areaTop 23%CitywideTop 15%
Same street · De La Seigneurie Boulevard
#25 / 218
Top 11% · Avg 469.7k
Same area · Island Lakes
#489 / 2,119
Top 23% · Avg 494.7k
Citywide · Winnipeg
#29,234 / 194,458
Top 15% · Avg 390.1k

Year Built

above average
2003
0255075100
Same streetBottom 47%Same areaTop 20%CitywideTop 16%

Lot Size

around average
4,424 sqft
0255075100
Same streetBottom 49%Same areaBottom 11%CitywideBottom 33%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

488 De La Seigneurie Boulevard — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 302 m).

Search radius
🌳Parks3

Crime & Safety

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%

Sales History

Sold 11/2024CA$550k–600k
Sold price

Same street

Top 4%

Same area

Top 7%

City-wide

Top 7%
Sold 5/2019CA$400k–450k
Sold price

Same street

Bottom 46%

Same area

Bottom 47%

City-wide

Top 27%

Related homes

Highlights & common questions: 488 De La Seigneurie Boulevard, Winnipeg

Property Overview: 488 De La Seigneurie Boulevard, Island Lakes, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Island Lakes offers a well-proportioned living space of 1,932 sqft, which is notably above average for both the immediate street and the wider neighbourhood. Built in 2003, it represents a solid, modern build without being brand new, potentially offering settled construction and established landscaping. A key feature is the renovated basement, adding valuable finished space. The home ranks highly for its assessed value and living area, suggesting it is a substantial property within its peer group.

Its appeal lies in offering more interior space than many comparable homes, coupled with the updates already invested in the lower level. The attached garage and a standard suburban lot complete the package. It would suit buyers looking for a move-in ready family home in a mature neighbourhood who prioritize interior square footage over a large yard. It’s particularly suited for those who value space and modern amenities but don’t want the premium or unpredictability of a brand-new build.

A less obvious perspective is the lot size: while average for its street, it is below average for the Island Lakes area overall. This could mean less yard maintenance—an appeal for some—but may be a consideration for those dreaming of extensive outdoor space. The strong assessed value ranking also indicates the property is viewed robustly by the assessment authority, which can be a stabilizing factor.

Section 2: Frequently Asked Questions

1. How does the living space truly compare to other homes?
At 1,932 sqft, this home’s living area is in the top 7% on its own street and the top 17% within Island Lakes, meaning it offers significantly more interior space than most direct comparables.

2. What is the significance of the sold price history?
The home sold recently in late 2024. The data shows a clear appreciation from its previous sale in 2019, reflecting strong market movement. The exact sold price is available upon request from the listing service.

3. Is the lot size typical for the area?
The lot is approximately 4,424 sqft. This is average for De La Seigneurie Boulevard but below the average lot size for the broader Island Lakes community, which tends to have larger yards.

4. 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 selling agent to understand the quality and scope of the renovation.

5. How does the year built (2003) affect the home?
Built 23 years ago, the home is past its brand-new warranty period but is still a modern structure by city-wide standards. Buyers should anticipate potential updates to original components (like roofing or HVAC) that are nearing their typical lifespan, while benefiting from a design that meets contemporary expectations.

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