Property score
81.7
Excellent
Overall 81.7 · Compared with neighbourhood average
1,551 sqft (bottom 40%) · Built in 1999 (4 yrs newer than avg)
Located in a high-income area with median household income of ~148k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 shop, 1 park, and 1 fuel station nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Near average
4 yrs newer than neighborhood avg.
Mother tongue
English · 70%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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81.7 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: #46111205
$148K
Median household income
$155K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
10%
Single-person households
50%
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
7 Lessard Place — 3 amenities found within 500 m, across 3 categories, including 1 shopping (nearest 485 m), 1 parks (nearest 243 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 25% | Top 10% | Top 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 7 Lessard Place, Island Lakes, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Island Lakes offers a practical and comfortable living space. Built in 1999, it is one of the newer homes on its street, which can mean fewer immediate concerns with aging major components compared to much of Winnipeg's housing stock. The 1,551 sqft living area is above average for the city, providing ample room, while the renovated basement adds valuable finished space. The attached garage and a standard residential lot round out the core features.
The appeal lies in its balanced, "right-sized" offering within a mature neighbourhood. It’s not the largest or smallest home on the block or in the area, which often translates to stable value and broad appeal. For buyers, its standout characteristic is its strong citywide ranking for both size and assessed value—it sits comfortably above the Winnipeg average, suggesting a solid investment in a desirable format. This property would suit downsizers or first-time buyers seeking a manageable single-level layout without sacrificing space, or practical investors looking for a move-in-ready home in a consistent neighbourhood.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it is consistently average to above-average for Island Lakes. Its living space is typical for the neighbourhood, but its assessed value ranks in the top 38% here, indicating it is viewed favorably relative to area norms.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, room layout, and whether it includes a legal suite or additional bedrooms should be verified with the listing agent or during a viewing.
3. Is the lot size a pro or con?
At 5,303 sqft, the lot is slightly below average for both Island Lakes and Winnipeg. This may appeal to those wanting less yard maintenance, but could be a consideration for buyers dreaming of extensive landscaping, a large deck, or a pool.
4. What is the likely price range based on recent sales?
The home sold in July 2022 for an estimated $555k-$585k. Current market conditions and any further updates will influence today’s value, but this provides a recent benchmark for the property itself.
5. Why does the assessed value seem high relative to the city average?
The assessed value of $504,000 is significantly above the Winnipeg city average of ~$390k. This reflects the combination of its above-average living space, newer age, and its location in a sought-after neighbourhood like Island Lakes, where property values are generally higher.
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