Property score
74.7
Good
Overall 74.7 · Smaller than most nearby homes
1,153 sqft (bottom 8%) · Built in 1993 (2 yrs older 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: 8 dining spots, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Near average
2 yrs older 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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74.7 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 Mckall Bay — 17 amenities found within 500 m, across 8 categories, including 8 dining (nearest 165 m), 1 healthcare (nearest 305 m), 1 shopping (nearest 213 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 44% | Bottom 25% | Top 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 56 Mckall Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This single-storey home in the established Island Lakes neighbourhood presents a practical and grounded opportunity. Built in 1993, it features 1,153 sqft of living space, a renovated basement, and an attached garage on a well-sized 5,727 sqft lot. The home’s assessed value is notably below average for its immediate street and area, which may indicate potential value relative to neighbouring properties. Its appeal lies in its efficient layout, updated lower level, and the quiet, family-oriented setting of a mature suburban community.
The property would suit first-time buyers seeking an entry point into a desirable area, downsizers looking for a manageable single-level layout with a finished basement for family visits or hobbies, or value-conscious investors. A thoughtful perspective is that while the living space is modest for the neighbourhood, the larger-than-average lot for the street offers valuable outdoor space and potential, a trade-off that some buyers will prefer. Its city-wide "around average" metrics suggest it represents a very typical Winnipeg home in many respects, offering a stable, no-surprises foundation.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,153 sqft, the living area is below the average for both Mckall Bay and the wider Island Lakes area. This suggests a more compact or efficient floor plan compared to many neighbours, which can mean lower utility costs and less maintenance.
2. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value (43.50k) is for municipal tax purposes. The sold price history from 2020 (36.50k–39.50k range) and current market conditions are more relevant for determining market value. The assessment being below area averages is a point for discussion with your real estate agent.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Viewing the property is essential to determine the finish quality, room layouts, ceiling height, and whether it includes a legal secondary suite or additional bedrooms.
4. How does the lot size benefit a buyer?
The land area is above average for Mckall Bay, providing more private outdoor space than many direct neighbours. This is a key advantage for gardening, recreation, or future projects like a deck or shed, in a neighbourhood where lots are typically uniform.
5. Where can I find the exact historical sale prices?
The exact sold prices are not published publicly. As noted on the detail page, you can request this information directly via email from the source, SaveOnHouse, who provides it manually without unsolicited marketing.
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