Property score
78.5
Good
Overall 78.5 · Older than most nearby homes
1,557 sqft (bottom 41%) · Built in 1987 (8 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 1 park nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Below average
8 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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78.5 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
59 Waterfront Road — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 273 m), 1 parks (nearest 186 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%
59 Waterfront Road: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 59 Waterfront Road, Island Lakes
Key Characteristics & Appeal
This one-storey home at 59 Waterfront Road is a practical and well-situated property in the established Island Lakes neighbourhood. Built in 1987, it offers 1,557 sqft of living space with a renovated basement and an attached garage. The home presents a balanced profile: its living space is above average for Winnipeg overall but typical for its immediate area, suggesting a comfortable size without being oversized. The assessed value follows a similar pattern, positioned solidly within the mid-range for the city.
The appeal lies in its grounded, move-in-ready fundamentals within a mature community. The renovated basement adds functional living space, and the single-storey layout offers accessibility and straightforward living. A thoughtful perspective is that while the lot is smaller than others on Waterfront Road, it translates to less yard maintenance while still providing outdoor space. This property would suit first-time buyers seeking a stable entry into a popular neighbourhood, downsizers looking for a manageable single-level home with recent updates, or pragmatic investors attracted to a home with citywide value that aligns with area rents.
Frequently Asked Questions
1. Is the lot size a significant drawback?
While the land area is below average for Waterfront Road, it is typical for Island Lakes and Winnipeg overall. It offers a balance of private outdoor space with reduced maintenance compared to larger lots on the street.
2. How does the assessed value relate to the likely listing price?
Assessed value is for municipal tax purposes and is typically lower than market value. This home’s assessment is in a healthy mid-range percentile citywide, indicating a solid foundation for market pricing, but a professional appraisal is needed for an accurate market value.
3. What does the "above average" year built ranking mean for a 1987 home?
It indicates that, compared to all Winnipeg homes, this property is newer than about 75% of the housing stock. This suggests potentially fewer major age-related issues than much older homes, though systems like the roof or furnace will still be due for inspection.
4. Who might this home not suit?
Buyers seeking a very large lot, a brand-new build, or a home that stands significantly above its neighbours in size or value may want to look elsewhere. It is a home that fits comfortably within its community context.
5. Are the renovations in the basement permitted?
This information is not provided in the data. A crucial step would be to request documentation from the seller to confirm that all renovations were completed with the necessary permits and inspections.
