Property score
83.8
Excellent
Overall 83.8 · Larger than most nearby homes
1,975 sqft (top 13%) · Built in 1988 (7 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
Above average
21% larger than neighborhood avg.
Year Built
Below average
7 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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83.8 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
51 Chenier Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 53 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 36% | Bottom 39% | Top 30% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 32% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 51 Chenier Bay, Island Lakes
Key Characteristics & Appeal
This two-storey home in Island Lakes offers a spacious and above-average living area of 1,975 sqft, placing it comfortably in the top 10-15% of homes in its immediate area and across Winnipeg. Built in 1988, it is a well-established property in a mature neighbourhood. A key feature is its renovated basement, adding functional living space. The home sits on a standard lot for the area, just under 6,000 sqft. Notably, its assessed value consistently ranks above average, suggesting it is a substantial property within its market segment.
The appeal lies in its combination of size, established location, and modernized lower level. It suits buyers looking for a ready-to-move-into family home in a settled community without needing immediate major renovations. It’s particularly well-matched for those who prioritize interior space over extravagant lot size or newer construction. A thoughtful perspective is that while it lacks a garage, its above-average metrics in a family-oriented neighbourhood like Island Lakes indicate it delivers on the core priorities of space and location, which often outweigh the absence of certain amenities for many buyers.
Frequently Asked Questions
1. How does the living space truly compare to other homes?
With 1,975 sqft, this home is significantly larger than the Winnipeg city average (~1,342 sqft) and is in the top 10% for size on its own street. It offers substantial room for a growing family.
2. 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 seller or agent to understand the quality and functionality of the added space.
3. Is the lack of a garage a significant drawback?
This depends on buyer priorities. The property ranks highly in value and size despite having no garage, suggesting these features are its primary draw. For those who value storage or vehicle protection, it is a consideration, but the data indicates the home competes strongly on other merits.
4. How have the home's values held historically?
Based on available sold price ranges, the home has maintained its value well in recent years, with its assessed value consistently ranking above average for its area. This suggests stability and solid market perception.
5. What is the neighbourhood feel of Chenier Bay?
As part of Island Lakes, it's a mature, family-friendly community. The close proximity of similar homes on the street, as noted in the nearby properties list, indicates a consistent, established streetscape.
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