Property score
84.6
Excellent
Overall 84.6 · Newer than most nearby homes
1,811 sqft (top 32%) · Built in 2004 (9 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 school, and 3 parks nearby
Living Area
Near average
11% larger than neighborhood avg.
Year Built
Above average
9 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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84.6 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
56 Brian Monkman Bay — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 420 m), 3 parks (nearest 199 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 | Top 30% | Top 7% | Top 8% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 15% | Bottom 45% | Top 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 56 Brian Monkman Bay, Island Lakes, Winnipeg
Key Characteristics & Appeal
This well-situated home in Island Lakes presents a compelling blend of space, location, and modern readiness. Built in 2004, it is notably newer than most Winnipeg homes, suggesting updated building standards and potentially lower immediate maintenance. With 1,811 sqft of living space, it offers ample room for a family, ranking above the city-wide average. Its strong assessed value, which places it in the top 10-12% of its neighborhood and street, indicates a property that has been maintained well and is viewed favorably relative to its peers.
The appeal lies in its established yet fresh character within a mature community. The renovated basement adds functional living space, and the attached garage provides practical convenience. While the lot size is slightly more compact compared to others in Island Lakes, this often translates to less yard upkeep. This property would ideally suit growing families or professionals seeking a move-in ready home in a popular southeast Winnipeg neighborhood, offering more modern construction than many alternatives without the premium of a brand-new build. A thoughtful perspective is that its above-average assessment on a street of similar homes could signal particularly good condition or desirable upgrades, offering a sense of relative value within the immediate area.
Frequently Asked Questions
1. How does the lot size compare to the neighborhood?
The land area is approximately 4,545 sqft, which is average for Brian Monkman Bay but below the average lot size for the broader Island Lakes area. This typically means a manageable yard with less maintenance.
2. What does the assessed value ranking tell me?
The assessment is in the top 10-12% for both the street and Island Lakes. This generally reflects a valuation that is higher than most comparable homes, often due to factors like condition, updates, or specific features.
3. Has the home’s value increased?
Based on available sold price ranges, the home sold for significantly more in 2023 than it did in 2020, indicating strong appreciation over that three-year period, consistent with broader market trends.
4. Is the home older or newer for the area?
Built in 2004, this home is newer than about 85% of homes in Island Lakes and 85% of homes city-wide, placing it in the top tier for modern construction in a mature neighborhood.
5. Where can I find the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request them directly via the email prompt on the listing page, and the service provider aims to send the accurate figures by the end of the same day.
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