Property score
80.8
Excellent
Overall 80.8 · Newer than most nearby homes
1,515 sqft (bottom 36%) · Built in 2006 (11 yrs newer than avg)
Located in a high-income area with median household income of ~141k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby
Living Area
Below average
7% smaller than neighborhood avg.
Year Built
Above average
11 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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80.8 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: #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.
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 Scholberg Lane — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 383 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 13% | Top 15% | Top 11% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 13% | Bottom 29% | Top 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 7 Scholberg Lane, Island Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a well-positioned, mid-sized property in the established Island Lakes neighbourhood. Built in 2006, it offers modern construction while being settled into a mature community. The 1,515 sqft living space is comfortably above the Winnipeg average, providing ample room for daily life. A key feature is the renovated basement, adding valuable finished space. The home includes an attached garage and sits on a standard suburban lot.
Its primary appeal lies in its balance and stability. The home consistently ranks as "around average" to "above average" against most local and city-wide metrics for size, value, and age, suggesting it is a solid, benchmark property without extreme outliers. It’s notably newer than most homes in Winnipeg, a less obvious advantage that can mean fewer major repairs in the near term. The recent sale in 2024 indicates a fresh market valuation.
This property would suit practical buyers looking for a move-in ready home in a family-friendly area without the premium price of a brand-new build. It’s ideal for those who value a renovated basement as flexible living space and appreciate a home that represents a dependable, middle-of-the-road investment in a desirable neighbourhood.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others in Island Lakes?
While the lot is standard for its specific street, it is smaller than the typical lot for the broader Island Lakes area. This could mean less yard maintenance but also less private outdoor space compared to some neighbouring properties.
2. The assessed value seems lower than recent sale prices. Why?
Manitoba’s assessed value for taxation purposes often lags behind current market values. The 2024 sale price range provided is a more accurate reflection of the home’s recent market worth. The assessed value places the home well above the city median, indicating its perceived value.
3. What does the "Elite" ranking for Year Built in Island Lakes mean?
This indicates the home, built in 2006, is among the newest 5% of comparable properties in the Island Lakes area. This is a significant advantage in a neighbourhood with many older homes, potentially translating to more modern building materials, systems, and layout.
4. Is the living space sufficient for a growing family?
At 1,515 sqft plus a renovated basement, the home offers space comparable to the average on its street and in Island Lakes. The renovated basement effectively expands the usable living area, making it suitable for a small to medium-sized family.
5. What is the history of price appreciation for this home?
Based on the available data, the home sold for between $37.5k-$40.5k in 2016 and between $53.5k-$56.5k in 2024. This suggests a notable increase in market value over that eight-year period, consistent with broader market trends. For precise figures, you can request the exact sold price history.
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