Property score
75.4
Good
Overall 75.4 · Smaller and older than most nearby homes
1,255 sqft (bottom 15%) · Built in 1986 (9 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 1 park nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Below average
9 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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75.4 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
6 Waterfront Road — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 148 m), 1 parks (nearest 269 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 1% | Bottom 4% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
6 Waterfront Road is a well-established, single-storey home in Winnipeg's Island Lakes neighbourhood. Built in 1986, it sits on a generous 6,533 sqft lot, which is notably above average for both the neighbourhood and the city. The home itself, at 1,255 sqft of living space, is more compact than many others on its street and in Island Lakes, but is close to the city-wide average. It features an attached garage and a basement that is present but not renovated. The property’s assessed value is below average for its immediate area, yet aligns more closely with broader city benchmarks.
Key Characteristics & Appeal
The primary appeal of this property lies in its land and location. The lot size is a significant asset, offering ample outdoor space that is increasingly rare, particularly in a mature, sought-after neighbourhood like Island Lakes. This presents an opportunity for gardening, expansion, or simply enjoying a larger yard. The home itself is a practical, no-frills bungalow, suggesting a lower maintenance footprint compared to larger two-storeys. Its below-average assessment for the street could indicate a more accessible entry point into the area.
This home would suit a first-time buyer or downsizer seeking a manageable property in a prime location without the premium price tag of a fully updated or larger home. It’s also a potential candidate for a long-term holder willing to live with the existing floorplan while benefiting from the land value, or for someone with a vision to renovate or expand over time. The unrenovated basement represents both a current limitation and future potential.
Frequently Asked Questions
1. Is this a good value for the Island Lakes area?
Based on the data, the assessed value is below the neighbourhood average, which often correlates with the home's smaller size and lack of renovation. You may be paying more for the land and location than for the house itself, which can represent value for the right buyer.
2. How does the living space compare to nearby homes?
At 1,255 sqft, the living area is notably smaller than the average home on Waterfront Road (~1,627 sqft) and in Island Lakes overall. This is the trade-off for the larger lot and neighbourhood amenities.
3. What does "basement not renovated" typically mean?
This usually indicates the basement is unfinished or in a very basic, original state. It likely requires significant work to become a comfortable living space but offers a blank canvas for customization.
4. The sold price history shows a range from $315k-$345k in 2019. Why is that?
Public records often show approximate sale price ranges. For the exact historical sale price, you need to request it directly from the listing service, as noted on the detail page.
5. The lot is large, but is the home expandable?
The generous lot size does create potential for an addition or significant renovation, subject to local zoning bylaws and building codes. A compact home on a large lot is often seen as having "infill" or expansion potential.
