Property score
82.1
Excellent
Overall 82.1 · Smaller but newer than most nearby homes
1,439 sqft (bottom 26%) · Built in 2005 (10 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby
Living Area
Below average
12% smaller than neighborhood avg.
Taon ng Paggawa
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)
654
580k
$348/sqft
1995
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82.1 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 na bahay (hindi 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.
Lupa: mas malaki = mas magandang ranggo
Taon: mas bago = mas magandang ranggo
Living area: mas malaki = mas magandang ranggo
Assessed value: mas mataas = mas magandang ranggo
Bar: ang haba ng fill ≈ bahagdan ng mga kapantay na na-outperform mo; gradient na pula → dilaw → asul sa axis (pakaliwa pakanan). Putol-putol na vertical line ≈ median benchmark; puting tick (may shadow) = posisyon mo. Mga kulay ng badge / diamond at flame icon ay sumasalamin pa rin sa tier.
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.
Mga malapit na hinto, ruta at transit score
Dining, education, healthcare, shopping & more
7 Frigate Bay — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 175 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%
Parehong kalye
Parehong lugar
Buong lungsod
| Sukat | Parehong kalye | Parehong lugar | Buong lungsod |
|---|---|---|---|
Presyo ng benta | Bottom 1% | Bottom 17% | Top 41% |
Humiling ng eksaktong mga numero sa email
Address · Year Built · Living Area
Address · Distansya
Address · Assessed Value
Property Overview: 7 Frigate Bay, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes presents a compelling mix of space, location, and value. Its key characteristics include 1,439 sqft of living space, a renovated basement, an attached garage, and a notably large 7,123 sqft lot. Built in 2005, it is one of the newer homes on its street. The appeal lies in its balance: while the living space is modest for the immediate neighbourhood, the property offers above-average land size city-wide and a modern build year, all at an assessed value that positions it as an above-average holding within Winnipeg. The renovated basement adds functional living space.
This home would suit first-time buyers or downsizers seeking a well-located, low-maintenance property in a mature neighbourhood without a premium price tag. It’s also a practical choice for value-focused buyers who prioritize a larger, private yard over having the largest square footage on the block. The data suggests it offers a relative bargain within the city, making it a sensible entry point into the desirable Island Lakes area.
Section 2: Frequently Asked Questions
1. Is the living space too small for the area?
While the home’s living area is below the average for Frigate Bay, it is close to the city-wide average. The trade-off is a larger-than-average lot and a newer build, offering different value.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point for a viewing or inquiry to the seller to understand the quality and functionality of the space.
3. How does the assessed value relate to the likely selling price?
The assessed value for taxation ($46.7k) is not a market price. Market value is determined by recent sales of comparable homes, buyer demand, and the property's condition. The home’s last recorded sale was in early 2016.
4. Are there any concerns with a 2005-built home?
Homes from this era are generally modern but may be due for updates to original elements like flooring, paint, or appliances. A thorough inspection is recommended to assess the roof, windows, and major systems, which are now nearly 20 years old.
5. Why is the lot size a notable feature?
At over 7,000 sqft, the lot is significantly larger than many in Winnipeg. This offers greater outdoor privacy, space for gardening or recreation, and potential for future additions like a deck or shed, subject to local bylaws.
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