Property score
85.1
Excellent
Overall 85.1 · Larger and newer than most nearby homes
1,973 sqft (top 14%) · Built in 2005 (10 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: 3 parks nearby
Living Area
Above average
21% larger than neighborhood avg.
Year Built
Above average
10 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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85.1 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: #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
51 Frigate Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 250 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 47% | Bottom 49% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 51 Frigate Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes offers a practical and well-proportioned living space. Its key appeal lies in offering above-average square footage (1,973 sq ft) for both the neighborhood and the city, providing more room than many comparable homes, all within a modern build from 2005. The home features an attached garage and a basement (not renovated), presenting a blank canvas for future development.
The property suits buyers prioritizing interior space over expansive outdoor land, as the lot is more compact than others on the street. It represents a solid, move-in ready option for growing families or professionals seeking a established, low-maintenance community in southeast Winnipeg. A thoughtful perspective is that its "above average" size but "around average" assessed value for the area could indicate good value for the space, assuming the home is in good condition. It’s ideal for those who want a newer construction home without paying a premium for the largest lot on the block.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
While the living area is generous, the land area is smaller than most in Island Lakes. This typically means less yard maintenance but may limit options for large additions, decks, or pools.
2. What does "basement, not renovated" imply?
The basement is undeveloped. This is a cost-saving opportunity if you don't need the space immediately, but it also means factoring in future renovation expenses if you desire a finished rec room, suite, or additional bedrooms.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (49.70k) is for municipal tax purposes. The actual market price is determined by recent sales, condition, and demand. The provided sales history from 2019 (41.50k-44.50k) is a historical data point, not a current valuation.
4. What are the benefits of a 2005 build?
Homes from this era generally feature modern building codes, efficient insulation, and updated electrical systems, potentially reducing immediate repair costs compared to older stock. It's one of the newest homes on Frigate Bay.
5. Where can I find the exact historical sale prices?
The exact sold prices are not publicly listed in this summary. As noted, you can request the precise figures via email from the source, which provides them manually without marketing spam.
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