62 Captains Way

Island Lakes, Winnipeg

Property score

86.4

Excellent

Overall 86.4 · Larger and newer than most nearby homes

2,173 sqft (top 5%) · Built in 2005 (10 yrs newer than avg)

Located in a high-income area with median household income of ~141k

Transit 42.0 · 10-min walk to transit with 1 nearby route · Within 500m: 1 school, and 3 parks nearby

Living Area

Above average

33% 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)

Sold Count

654

Median price

580k

$/sqft

$348/sqft

Avg build year

1995

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Property score

86.4 is composed by the two sections below.

Property Score

84.4Excellent
Living Area2,173 sqft94Excellent
Year Built200587Excellent
Lot Size4,857 sqft60Fair
Neighbourhood Sales Activity32Low

Community Score

89.5Excellent
Household Income93Excellent
Education Level82Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111206

Community deep dive

$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

Population, labour & age

Population (2021)2,712
Labour force participation rate73%
Median age36.8
Avg household size3.3
Unemployment rate6%
Population density3190 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households7%
Couple families with children54%
Median household income (2020)$141K

Housing

Renter households1%
Condominium dwellings8%
Median dwelling value (owners)$452K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority38%
Bachelor's or higher (25–64)43%
Mother tongue (1st)English · 64%
Mother tongue (2nd)French · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
2,173 sqft
0255075100
Same streetTop 18%Same areaTop 5%CitywideTop 7%
Same street · Captains Way
#7 / 40
Top 18% · Avg 1,788 sqft
Same area · Island Lakes
#107 / 2,119
Top 5% · Avg 1,635 sqft
Citywide · Winnipeg
#13,788 / 194,458
Top 7% · Avg 1,342 sqft

Tax-Assessed Value

above average
548k
0255075100
Same streetTop 28%Same areaTop 17%CitywideTop 13%
Same street · Captains Way
#11 / 40
Top 28% · Avg 518.1k
Same area · Island Lakes
#368 / 2,119
Top 17% · Avg 494.7k
Citywide · Winnipeg
#25,162 / 194,458
Top 13% · Avg 390.1k

Year Built

above average
2005
0255075100
Same streetTop 25%Same areaTop 8%CitywideTop 15%

Lot Size

around average
4,857 sqft
0255075100
Same streetTop 38%Same areaBottom 27%CitywideBottom 41%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

62 Captains Way — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 231 m), 3 parks (nearest 322 m).

Search radius
🏫Education1
🌳Parks3

Crime & Safety

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%

Sales History

Sold 2/2017CA$450k–500k
Sold price

Same street

Bottom 23%

Same area

Top 37%

City-wide

Top 20%

Related homes

Highlights & common questions: 62 Captains Way, Winnipeg

Property Overview: 62 Captains Way, Island Lakes

Key Characteristics & Appeal

This two-storey home in Island Lakes presents a compelling blend of space, modern updates, and established neighbourhood charm. Built in 2005, its key strength is its generous 2,173 sqft of living area, which places it well above average for its street, neighbourhood, and the wider Winnipeg market. The home features a renovated basement and an attached garage. Its assessed value is consistently above average across all comparison levels, suggesting a solid and recognized worth.

The appeal lies in acquiring a spacious, early-2000s home that has already seen significant updates, like the basement renovation, reducing immediate project lists for a new owner. It suits buyers looking for move-in-ready space for a growing family within a mature, amenity-rich community like Island Lakes. A thoughtful perspective is the lot size: while the home itself is spacious, the land area is slightly below average for the neighbourhood. This could be a plus for buyers seeking lower outdoor maintenance without sacrificing indoor square footage.

Frequently Asked Questions

1. How does the home’s value compare to recent sales on the street?
Based on available data, the home’s assessed value ranks above average for Captains Way. A nearby reference property on Ebb Tide Drive sold in the $455k-$485k range in early 2017, but for an exact and recent sold price history for this specific address, a request must be submitted via email.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the selling agent to understand the finish quality, layout, and whether it includes legal secondary suites or additional bedrooms.

3. Is the lot size a concern?
At 4,857 sqft, the lot is around the city average but below the average for Island Lakes. This means a smaller yard than some neighbours, which translates to less maintenance but also potentially less private outdoor space.

4. How does the age of the home (2005) factor in?
Built 21 years ago, the home is newer than most in Winnipeg. This age often means modern building standards and layouts, but it also places it within the window where major components (like the roof, HVAC, or appliances) may be nearing the end of their typical lifespans and should be inspected.

5. What are the immediate comparable properties?
The listing identifies nearby homes on the same street and others in Winnipeg with identical assessed values (e.g., in Wilkes South, Elmhurst, Varsity View) as useful comparables for gauging price and features.

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