Property score
84.1
Excellent
Overall 84.1 · Compared with neighbourhood average
1,572 sqft (bottom 43%) · Built in 1997 (2 yrs newer than avg)
Located in a high-income area with median household income of ~148k
Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 1 dining spot, 1 shop, 1 park, and 1 fuel station nearby
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Near average
2 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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84.1 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
51 Causeway Bay — 4 amenities found within 500 m, across 4 categories, including 1 dining (nearest 487 m), 1 shopping (nearest 447 m), 1 parks (nearest 292 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 17% | Bottom 34% | Top 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This well-situated home at 51 Causeway Bay in Winnipeg's Island Lakes neighbourhood presents a compelling blend of space, location, and value. Built in 1997, it features 1,572 sqft of living space, a renovated basement, and an attached garage. Its true standout feature is the generous 8,085 sqft lot, which is notably larger than most in the immediate area and across the city. The home’s assessed value ranks consistently above average for its street, neighbourhood, and Winnipeg overall, suggesting strong intrinsic value.
Key Characteristics & Appeal
The appeal of this property is anchored in its exceptional outdoor space. The lot size is in the top tier locally, offering rare potential for gardening, expansion, or private recreation in a mature suburb. While the living area is average for Island Lakes, the renovated basement adds functional space. Its above-average assessed value across all comparison levels indicates a property that is well-regarded in terms of worth, potentially appealing to value-conscious buyers. It suits a buyer looking for a established neighbourhood with larger lot sizes that are increasingly hard to find, perfect for those prioritizing outdoor space over having the newest home on the block. It would also fit a practical buyer who sees the benefit in a home with a recently renovated basement, avoiding an immediate major project.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The property's lot is significantly larger than most on its street and in Island Lakes, offering more privacy and potential than typical area homes.
2. How does the home's age affect its value?
Built in 1997, it's older than most on its specific street but is around the average age for the wider Island Lakes area. This suggests a mature property in an established neighbourhood, not a fixer-upper, but some systems may be due for updates.
3. What does the above-average assessed value mean?
It indicates the city's valuation is consistently higher than many comparable homes, which can be a marker of solid property value but also informs property tax calculations.
4. Is the living space sufficient for a family?
At 1,572 sqft plus a renovated basement, it offers average space for the neighbourhood. The layout and basement finish will be key factors in determining if it meets a specific family's needs.
5. Where can I find the exact historical sale prices?
The exact sold price history is not publicly displayed. You can request the precise figures by emailing the listing service, which provides the data manually without marketing spam.
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